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07/09/2019 Live Update

Re: 07/09/2019 Live Update

Postby Cobra » Tue Jul 09, 2019 2:21 pm

text book target.
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Re: 07/09/2019 Live Update

Postby JFR » Tue Jul 09, 2019 2:25 pm

Overnight gap down on ES. Filled.


2019-07-09_1123.png
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Re: 07/09/2019 Live Update

Postby BullBear52x » Tue Jul 09, 2019 2:42 pm

$TRIN is hanging on above 1, if the bear can hold on to that, down tomorrow is likely. not that I will hold over night. :)
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Re: 07/09/2019 Live Update

Postby BullBear52x » Tue Jul 09, 2019 2:45 pm

Chart for the road: down volume is on the lead, now bulls will need to gap up hard or down she goes. Peace!
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Re: 07/09/2019 Live Update

Postby Trades with cats » Tue Jul 09, 2019 2:47 pm

There is no doubt that Powell could give us a big drop tomorrow. The open question is would he guarantee a rate cut and then be able to defend it.
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Re: 07/09/2019 Live Update

Postby Al_Dente » Tue Jul 09, 2019 2:59 pm

HAPPY HOUR
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Re: 07/09/2019 Live Update

Postby JFR » Tue Jul 09, 2019 3:07 pm

Big picture. Pulling back to support. Chartwise, the market looks fine, in my opinion. Nice breakout, pulling back. But it always corrects in due time.


2019-07-09_1204.png
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Re: 07/09/2019 Live Update

Postby Daniel » Tue Jul 09, 2019 3:11 pm

IWM is about to form a daily NR7 bar. Market is Fed-fixated, waiting for testimony. NR7 bars often move dramatically out of that narrow range...

Of concern to bulls: the IWM:MDY ratio on a daily chart has only recovered about 1/4 of the drop from its recent high to low. A rising ratio often correlates with rising animal spirits, risk-on postures.
Last edited by Daniel on Tue Jul 09, 2019 3:16 pm, edited 1 time in total.
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Re: 07/09/2019 Live Update

Postby JFR » Tue Jul 09, 2019 3:15 pm

Bigger picture. SPY monthly. Nice calm rise under the previous President. Rather a frenetic ride lately under the current one. It rather matches their personalities, methinks. Due for a very big pullback? At some point, yes. IMO.


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Re: 07/09/2019 Live Update

Postby Cobra » Tue Jul 09, 2019 3:25 pm

seems the breakout failed, back to the range.
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Re: 07/09/2019 Live Update

Postby Daniel » Tue Jul 09, 2019 3:36 pm

IWM hod, gap fill. SPY unch'd, even slightly up now...
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Re: 07/09/2019 Live Update

Postby Trades with cats » Tue Jul 09, 2019 3:52 pm

RAMP EXpress running exactly on time (3:30 Eastern)
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Re: 07/09/2019 Live Update

Postby Cobra » Tue Jul 09, 2019 3:55 pm


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Re: 07/09/2019 Live Update

Postby Cobra » Tue Jul 09, 2019 3:56 pm

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

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