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06/03/2019 Live Update

Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 1:45 pm

OK, trying again for that half century mark where all the big boys write options, maybe this time without outside news help.
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Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 1:46 pm

It appears that “everyone” is looking for a “relief rally” :?: :?:

So, contrarians see more down :?: :?:
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 1:48 pm

ES 06-19 (2000 Tick) 2019_06_03 (11_45_47 AM).png
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Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 2:15 pm

Cats:
So, is today’s low, 2735.07, the “BULLARD PUT” (we may cut rates) ?
Does he have that kind of weight?
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Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 2:26 pm

I do watch BMO’s Chief Technician, Russ Visch , mostly because in April he was insisting on a retest of the December low, when his peers were all bully.
https://www.zerohedge.com/news/2019-06- ... inevitable
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 2:27 pm

Coolbiz today--
on the relief rally "Green Minute[iii] got extended (as they often do) to 2735.07 low instead of 2750.52 low yesterday. If it holds than likely towards 2780-2790 area for retrace
than a [v] down to complete Minor 3/C.
Corrections do require adjustments as they develop.$SPX @2749 now."

On where we may be going--
Blue Minor 1/A is 152.61 points, therefore, Minor 3 should extend to
152.61 X 1.618=247 points lower from 2892 is 2645 level or thereabouts.
After Minor 4 and a 5 down TBD? Retraces are going to be brief and shallow.

And never forget a man with 20 futures contracts in the market will and often does pivot very fast to the opposite view.
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 2:38 pm

That half century level is a lot tougher to break out of than you would think.
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Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 3:01 pm

HAPPY HOUR
shark2.png.png
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Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 3:02 pm

the blue line unlikely would hold another test as it's being tested so many times.
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 3:04 pm

So it's sell into the close, yet again ?
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 3:15 pm

So the overnight Asian low and the overnight low (early Euro zone trading) have been breached. VWAP is up there 15 points and they already used the silver bullet called James Bullard. Perhaps just a show of naked force by Goldman or somebody to show us day traders that someone is still in charge.
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Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 3:15 pm

now see if it's a typical breakdown then sharp reversal.
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Re: 06/03/2019 Live Update

Postby Al_Dente » Mon Jun 03, 2019 3:46 pm

Schrodinger's Fed Funds: Goldman expects both 2 more rate hikes... and 1 more rate cut ... at the same time
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :o
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Re: 06/03/2019 Live Update

Postby JFR » Mon Jun 03, 2019 3:47 pm

Big picture. At a support level. Whither the market? No prediction here.

In the early am I traded the Aussie (Long) and the Canada (Short). I finally got stopped out on the ES (Short). No enthusiasm for me today in the market.


2019-06-03_1238.png
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Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 3:51 pm


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Re: 06/03/2019 Live Update

Postby Cobra » Mon Jun 03, 2019 3:53 pm

well, guess that's it for today. here's what Tuesday looks like. thank you guys, I'll see you in another thread soon.

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Re: 06/03/2019 Live Update

Postby crawford glissadevil » Mon Jun 03, 2019 3:55 pm

I've been 100% short SPX since May 7. At end of trading Friday, I banked profit and cut position to 40% short SPX. 60% sidelines.
Today, I just went 100% sideline cash. Will watch from sidelines tommorow.
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 3:59 pm

VWAP ES 2746. Day's low ES 2728. Took them 30 minutes. Calling it a show of brute force as there was no news. And they made it by the cash close.
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Re: 06/03/2019 Live Update

Postby Daniel » Mon Jun 03, 2019 3:59 pm

Al_Dente wrote:Rob Hanna’s CBI Index is proprietary and opaque, so I don’t usually follow it. But this looks extreme:
http://quantifiableedges.com/the-quanti ... n-one-day/


From one of Rob's explanations of the Capitulative Breadth Indicator, in a blog post:

...The basic indicator looks to measure the breadth of capitulation among a select group of large cap stocks. The idea is that once enough of these stocks meet my criteria, not only they--but the market as a whole--is extremely likely to reverse sharply.

The tool does an excellent job of alerting me to times when a strong bounce is likely. It only does an OK job of timing that bounce. In other words, the signals may be early.


For a list of all his postings on the subject of, and trading-system use of, the CBI, here's a link. They begin in 2008.
http://quantifiableedges.com/category/cbi/page/4/
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Re: 06/03/2019 Live Update

Postby Trades with cats » Mon Jun 03, 2019 4:00 pm

The 3:30 Ramp Express can be one of the most amazing things to watch!
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