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05/29/2019 Live Update

Re: 05/29/2019 Live Update

Postby Cobra » Wed May 29, 2019 11:38 am

Mr. BachNut wrote:Wrote a post. Got an error when I tried to attach chart. Lost it. Same crap as a few weeks ago. Sorry. Bye.


Sorry, I don't know what this "internal error" is when uploading the chart. I sometimes see the same problem, so have to re-save or edit the image then try to upload again. Seems the software doesn't like certain attributes of the image.

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Re: 05/29/2019 Live Update

Postby Cobra » Wed May 29, 2019 11:38 am

breakdown, so it could be a downtrend day. I'm not sure, will just watch.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 11:41 am

Consolidate and drop pattern, could we get another cascade down like yesterday?
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Re: 05/29/2019 Live Update

Postby Cobra » Wed May 29, 2019 11:44 am

now it's clearly a downtrend day, at least this bear shall have legs. tough decision whether to chase low here as it's a little late so your call.
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Re: 05/29/2019 Live Update

Postby ccash04 » Wed May 29, 2019 11:46 am

In theory, the 200 MA and lower daily BB should offer some sort of support both around 277-277.5... But in the short term that can get blown through.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 11:47 am

I show three legs down from the 10:25 high. I am guessing we need to relieve oversold conditions before moving into that 2754 target zone.
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Re: 05/29/2019 Live Update

Postby Al_Dente » Wed May 29, 2019 11:51 am

Cobra wrote:
Mr. BachNut wrote:Wrote a post. Got an error when I tried to attach chart. Lost it. Same crap as a few weeks ago. Sorry. Bye.


Sorry, I don't know what this "internal error" is when uploading the chart. I sometimes see the same problem, so have to re-save or edit the image then try to upload again. Seems the software doesn't like certain attributes of the image.

This happens too frequently to be a “temporary glitch” and it’s very frustrating.
Couldn’t you go to your “host” and complain, and get to the bottom of this problem?
Most of us save text to “WORD,” then try again.
Evidently Mr. Bachnut and others don’t save to a WORD-style program, so fails are disastrous, plus he types four+ paragraphs full of great info; all lost.
We can’t afford to lose a valuable poster like Mr. Bachnut.
Last edited by Al_Dente on Wed May 29, 2019 11:53 am, edited 1 time in total.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 11:52 am

Coolbiz saying his upper target of 2780 was hit so brace for some sharp retracing as it keeps going lower.
targets are SPX 2780,2760, 2722
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 11:54 am

Glitch- I don't understand as I just click save image and it saves automatically in a folder I have set up for charts. I go to that folder to upload. So no typing, no decisions on my part. But some times I get the error message. Computers arn't supposed to work that way.
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Re: 05/29/2019 Live Update

Postby Cobra » Wed May 29, 2019 12:02 pm


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Re: 05/29/2019 Live Update

Postby Al_Dente » Wed May 29, 2019 12:08 pm

Some are calling this a H&S on SPY
If so, it is testing a breakdown right now at the neckline
If breakdown, the target is ROUGHLY SPY 260 :shock:
[add: or ROUGHLY 2600 on SPX]
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Re: 05/29/2019 Live Update

Postby tsf » Wed May 29, 2019 12:25 pm

MrBachnut,
Since you and Cobra are both on Twitter, would it be feasible to send images (of charts and commentaries) from @MrBachnut to @CobraMarketView?
Thank you.
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Re: 05/29/2019 Live Update

Postby Cobra » Wed May 29, 2019 12:28 pm

1st test of ema20 in 2+ hours, so watch for ema short setup which usually is only good for a scalp though.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 12:31 pm

End of month pension buying to re-balance estimated at 12 Billion. Short squeeze ammo.
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Re: 05/29/2019 Live Update

Postby Al_Dente » Wed May 29, 2019 12:41 pm

I wanted a third-push-down
But shorts are starting to cover here
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 12:48 pm

Up and into a box, then up and into another box. I don't like playing this pattern.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 12:55 pm

ES 06-19 (2000 Tick) 2019_05_29 (10_52_42 AM).png

Now the box is looking ragged.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 1:17 pm

For the record I am seeing fun and games with the resting orders today. Occasional huge spikes at set prices that soon go away.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 1:56 pm

ES 06-19 (2000 Tick) 2019_05_29 (11_53_20 AM).png


Thought for sure we were headed higher. Had the ttrend line bounce and the fake out breakout pull back and then go for it move. But double top stopped it all for now. Maybe a second shot after a pull back to find buyers.
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Re: 05/29/2019 Live Update

Postby Trades with cats » Wed May 29, 2019 2:43 pm

Only question now is lower low.
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