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06/10/2019 Live Update

Re: 06/10/2019 Live Update

Postby Al_Dente » Mon Jun 10, 2019 1:37 pm

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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 1:50 pm

Pasta Boss, It has been a similar story for week after week. You can add the bond market to the don't believe in economic fairies crowd, no matter how many times the good folks at CNBC ask the audience to really believe in the Fed and save Tinker Bell.

But there was record buyback cash, the CTA models reversed from short to long and the pension funds keep re-balancing and of course just plain old fashioned short squeeze.

A much smaller percent of the public has self directed stock investments and I am guessing a lot of those folks are either retired, or close to it and they just don't want to be put through the ringer of another great financial whatever major selloff.
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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 2:10 pm

Text book bounce off the Opening Range low. Is it the low or just a pullback pulling longs into a trap.
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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 2:16 pm

ES 06-19 (2000 Tick) 2019_06_10 (12_11_57 PM).png

I circled where the EMA hit a trend line on the way down. My experience is that is a pretty reliable signal if your trend lines are close to OK. I don't know if the same happens on the 5 minute charts.
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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 2:19 pm

Was not contemplating a gap close until tonight, I could be wrong if it keeps dropping at this pace.
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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 3:11 pm

Tagged VWAP as power hour started, so I see it as neutral for now.
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Re: 06/10/2019 Live Update

Postby Trades with cats » Mon Jun 10, 2019 3:12 pm

ES 06-19 (15 Minute) 2019_06_10 (1_07_11 PM).png

15 minute cash market looks like the move could be getting tired. That trend channel is a machine drawn regression channel.
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Re: 06/10/2019 Live Update

Postby Cobra » Mon Jun 10, 2019 3:49 pm


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Re: 06/10/2019 Live Update

Postby Cobra » Mon Jun 10, 2019 3:52 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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