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06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:22 am
by Cobra
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no idea up or down from here.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:26 am
by Cobra

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:45 am
by BullBear52x
Buy day today, but a little overbought already. sit on hands.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:50 am
by BullBear52x
Buy

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:53 am
by Trades with cats
Markit PMI lowest since 2009 teetering on the brink of recession at 50.5 with new orders on the wrong side of things.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 9:54 am
by BullBear52x
Closed with a Hammer candle will be nice :D

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:05 am
by Cobra

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:08 am
by Mr. BachNut
No gap today. Odd.

We just closed another target at SPX 2743.07.

I wasn't planning a post today, but I continue to see the NYMO not cooperate with price.
Friday for the third time, we opened in the turn zone but closed above.
We continue to have a positive divergence with price making new lows but NYMO closing above the May 13 low.
Each stairstep drop in NYMO has been smaller creating a descending wedge.
Today NYMO is up intra-day while price is making fresh lows.

Under the hood, someone is buying.

I am still short, but looking for a turn up, perhaps for a trip to the middle keltner (now 2838).

NYMO 060319.jpg

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:08 am
by ccash04
loaded the boat this morning.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:08 am
by BullBear52x
I am expecting a volatility market but not at this rate. well, I am a buyers today, will see.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:25 am
by Trades with cats
Futures Trader 71 pointed out Friday's close in the ES this morning. There was huge volume with no price movement. So as everybody was getting out others were willing to go long into the weekend. He pointed out that for longer term people, these are good prices.

Of course many hear Nero's violin in the background. :o Especially when you read about cash flows this year.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:29 am
by Trades with cats
ES 06-19 (2000 Tick) 2019_06_03 (8_26_51 AM).png


Double top or breakout?

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:31 am
by Al_Dente
This is new:
QQQ just broke below its 200sma today. And it broke below the 38.2% retracement level
$NDX broke below 200 Friday

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:37 am
by BullBear52x
take half off the table, morning bulls can not lose today. same playbook.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:39 am
by te_fern
Back to the top of this channel. Need it to break out.....

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:43 am
by BullBear52x
next resistance 66ish

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:43 am
by Al_Dente
I’d been patiently waiting for GDX to break its box, either way. It’s been in a boring-horizontal-trading range for ONE MONTH, then on Friday, IN ONE DAY, it gapped and raced up to its cyan-box target already, on huge daily volume. Another gap this morning. That’s a powerful move right there.
60m
63gdx.png.png

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:45 am
by Cobra
maybe it's uptrend day, maybe this bull shall have legs but as long as it's in the previous day's range I'd treat it as a range day, i.e. no trust of any move.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:49 am
by BullBear52x
Wishful thinking, I am on the blue.

Re: 06/03/2019 Live Update

PostPosted: Mon Jun 03, 2019 10:55 am
by Al_Dente
One year, as in 12 months, NDX (black) is just below where she was last June, and SPX (purple) is almost below.
I imagine the long-term holders aren’t pleased about that.
63one year.png.png