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07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 9:21 am
by Cobra
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no idea up or down from here. No bottom pattern yet though.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 9:24 am
by Cobra

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 10:05 am
by Cobra

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 10:05 am
by Cobra
it's a morning hourly hollow red.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 10:31 am
by Cobra
breakout here then it could be an uptrend day. rejected here then it could be range day, I won't count on downtrend day because bears suck. For now breakout looks more likely.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 10:51 am
by BullBear52x
Bears are not so strong but internals are still with them. sell resistance line here.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 11:17 am
by BullBear52x
/ES, support level from last peak, it might held up today.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 11:24 am
by BullBear52x
bigger picture: $NYMO and $NAMO could head back into a red zone today if bulls loss control intraday today. I am on the seller side today.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 11:24 am
by Trades with cats
ES 09-19 (2000 Tick) 2019_07_09 (9_15_22 AM).png

market deciding to follow the mid channel. Several big pullbacks make for small opportunities . Waiting to see if we get an inverted pattern and drop after the Euro time zone goers home or if it tries to recover into yesterdays range, since the Asian and Euro overnight sessions sell off has now been reversed.

Also hope springs eternal that all the Fed jawboning will spark the last of the unicorns to commit all their margin. Would be interesting to chart out Fed speakers volume over time to see what it correlates to. :geek:

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 11:37 am
by BullBear52x
Cash SPX fib.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 11:57 am
by Cobra

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 12:16 pm
by Trades with cats
ES 09-19 (2000 Tick) 2019_07_09 (10_13_11 AM).png

2nd test of the ON High is still an open question. :?

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 12:42 pm
by Cobra
I don't read it as double top, I read it as ascending triangle so bias is up to me.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 12:57 pm
by Trades with cats
Jay Powell to swing traders "Well Punk, do you feel lucky today". With apologies to Inspector Harry Callahan.

Translation- will his congressional testimony give the market what they want or will he hedge and talk about not yet on rate cuts.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 1:23 pm
by Al_Dente
%
79percent.png.png

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 1:37 pm
by Al_Dente

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 1:51 pm
by BullBear52x
Price pays, I am bearish bias as long as we trade under this gap resistance level.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 1:54 pm
by Trades with cats
Chair Waters is set to gavel the testimony at 10 AM eastern. IO am guessing Fed will drop the embargo on print version of opening statement at that time.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 2:06 pm
by Cobra
looks more and more like an ascending triangle.

Re: 07/09/2019 Live Update

PostPosted: Tue Jul 09, 2019 2:12 pm
by BullBear52x
Wishful thinking, since we don't have new HOD coupled with last two buys, time to bid down since no buyers on HH.