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Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 12:52 pm
by te_fern
Looks pretty orderly so far. Will it fall out of bed soon???

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 12:52 pm
by te_fern
I don't think its going to be closing the gap today!!

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 12:59 pm
by Cobra
I read the pullback as the higher low (or slightly lower low) revisit of the day low which usually is a part of a bottom process, unless it decisively breaks the day low.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:00 pm
by Al_Dente
posted 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 so, the target is ROUGHLY SPY 260
[add: or ROUGHLY 2600 on SPX]


Call this a busted H&S or a busted double-bottom, the target is nearly the same.
Daily
531busted.png.png

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:03 pm
by JFR
ES and cohorts back down beneath the open.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:11 pm
by Al_Dente
“Harvard-Affiliated Hedge Fund to Shut Down”
https://www.thecrimson.com/article/2019 ... am-sq-cap/
zh is reporting this like it’s new; they often don’t mention any delay in their articles… that’s fine…. JUST DATE YOUR ARTICLES, please

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:15 pm
by Cobra
possible higher low trend reversal, let's see.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:33 pm
by Al_Dente
The last 15 days %
If I could fit $SOX in here, you would see it down -11.38%
531last 15.png.png

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:35 pm
by JFR
Ay, chihuahua!


2019-05-31_1034.png

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:42 pm
by JFR
STZ owns Corona.


2019-05-31_1041.png

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 1:52 pm
by Trades with cats
Morad (Futures Trader 71) showing and interpreting Bookmap Pro screen this morning. Start at 17:01
https://www.youtube.com/watch?v=rQHguPAymbU

The last couple of weeks he has added a short segment on Bookmap software every morning. The tool itself is not a cheep rent and it requires an expensive data feed. But Morad trades by selling a bunch of contracts at once then scaling out of his position so he really needs to know where, as he says, there is something to push against.

Many mornings there is nothing unusual. But when there is a disturbance in the force (like today) it does provide Jedi level incite.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 2:05 pm
by Trades with cats
Barley and Hops are a big ag business here in the inter-mountain west (western slope of the Rockies to the east slope of the Cascades) and we havn't been flooded out. Another major export from this area is dry beans.

I don't need to remind you how the rural areas of Washington, Oregon, Idaho, Montana, Wyoming and Utah voted.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 2:39 pm
by Cobra
testing day low, 50% chances of double bottom.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 2:56 pm
by Al_Dente
Downside targets met on TNA, 15 min
FWIW
531target met.png.png

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:01 pm
by Al_Dente
HAPPY HOUR

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:23 pm
by Cobra
the 3rd test of the day low, now breakdown is more likely.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:38 pm
by Trades with cats
RAMP EXPRESS No sign of it so far. Set up is there, we are within 5 to 9 points of VWAP which is just below opening print and we are close to the lows of the day. So my guess is the big move up an hour ago was it. That was 8 points in 4 minutes ending at VWAP Opening print.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:41 pm
by te_fern
Low better hold or this could get ugly....

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:49 pm
by Trades with cats
ES 06-19 (2000 Tick) 2019_05_31 (1_45_29 PM).png

Tick based charts provide a different geometry for trend lines. Helps to frame the daily pattern. Sorry about all my comments to myself cluttering things up.

Re: 05/31/2019 Live Update

PostPosted: Fri May 31, 2019 3:53 pm
by Cobra