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07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 9:27 am
by Cobra
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No data so far so no comments no chart, sorry, just a starter.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 9:30 am
by Cobra

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 9:32 am
by Cobra
must be a very good news. possible higher low, so the low might be in.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:00 am
by Heck
All Option Sentiment Indices = MAJOR SELL

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:02 am
by Cobra

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:02 am
by Trades with cats
If you missed it FOMC Chair Powell's opening statement to Congress was released at 8:30 eastern time by the Fed. Powell did as expected and kept to the June meeting statement, he did not turn hawkish. He will be fielding questions from Chair Maxine Waters (Kerosene Maxine) committee starting at 10 Eastern. FOMC June meeting minutes at 2 eastern and at least one FOMC member speech as well. Good luck with your strategy on a day like this :lol:

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:13 am
by Trades with cats
ES 09-19 (2000 Tick) 2019_07_10 (8_09_14 AM).png

Algo spike with ascending channel. Now that Q & E is going to happen with professional politicians algos are going to be in trouble in my opinion.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:16 am
by BullBear52x
The south bound train is out of service. :lol:

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:17 am
by Mr. BachNut
Time for a little BachNut...

The NYMO cycle is unclear.
We have a negative divergence with what look like lower highs today and July 3.
Two negative closes or a close below the June 25 low would confirm a down cycle underway.
However, as long as NYMO remains positive, the bias should be up.

The NYMO up cycle high stands at June 20 with a benchmark price of SPX 2958.06.
Assuming no higher NYMO high, the next down cycle gives odds to price dropping below that level.

I think we have a new record for open down gaps.
There were two up gaps that got closed this morning.
If I have a concern, it is that an event could trigger a cliff drop through the near cluster of targets.
There is just a lot of white space where limited or no volumes have traded.

I am still long an SPX runner position.
I have some short setups taking form but they need more time in the oven or could fade away.

NYMO 071019.jpg

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:20 am
by BullBear52x
bulls need to stay up and up above 97ish or we will run into sell-able day. sit on hands waiting for buy setup first if it will come clean.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:24 am
by Trades with cats
On twitter from Futures Trader 71 at 9:56 (at days top)
"Thinking to get short? How about this....since you will lose money anyway, why not donate it to charity instead of to a trend-following algo program?"

Just wondering how he really feels about the action today :lol: :lol: :lol:

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:26 am
by BullBear52x
Buy setup is no good, wait for sell setup on next bounce, the selling was stronger than usual.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:30 am
by BullBear52x
I would normally buy here, but my other setup giving me a warning not to.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:37 am
by BullBear52x
Got my ticket to the south. Chu chu....choooo

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:53 am
by BullBear52x
Cash SPX, if bulls lose the bottom, Gap fill is next target. will see.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 10:56 am
by Trades with cats
ES 2966. 50 took three touches to break through on the way up this moring (it is the overnight high on my screens) second touch now on the way back down.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 11:05 am
by Cobra
key time, rebound here then it's a range day, sharp down then it's downtrend day.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 11:10 am
by BullBear52x
Take half off the table, same playbook, morning bears can not lose today.

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 11:57 am
by Cobra

Re: 07/10/2019 Live Update

PostPosted: Wed Jul 10, 2019 11:58 am
by BullBear52x
Wishful thinking, strong rebound, bears new sell setup. need to see new LOD if not it will be bulls turn.