07/31/2019 Live Update

[Daniel]

GDXJ down -3%

[Al_Dente]

so the market is angry that the cut wasn't a half point

[BullBear52x]

Yesterday's low, can bears make it rain today?

[Heck]

All Three Option Sentiment Indicators = DOWN

Undervalued PUTS more than three times calls = Look out below

[Daniel]

so the market is angry that the cut wasn't a half point

Price will determine the headlines. Flat from here "the widely anticipated cut". Up from here "market liked Fed support". Down, ...as you wrote above.

[Daniel]

roller coaster show

So far more like a "tractor pull" tug-of-war.

[Shaishen]

I assume my thinking is too simplistic - first reaction to the rate cut - Stock markets seems to somewhat like it, somewhat because it was expected.
Not clear why the USD also trades higher
.

[ccash04]

Bears need to pull it together and smash through 300

[Daniel]

GDXJ down -3%

Strong rebound in the metals has taken this back to just -1%, similar recovery in SLV.

[Al_Dente]

press conf starts
https://www.federalreserve.gov/newseven ... adcast.htm

[Daniel]

Working on a second 15min inside bar on the QQQ.

[BullBear52x]

Fear factor, next HH on $VIX will seal the deal for bears for now, not so much.

[BullBear52x]

I like what I see so far, at the least the chart is working like it always is....

[BullBear52x]

support

[Shaishen]

Zerohedge "ICE DOLLAR INDEX RISES TO 2-YEAR HIGH AS GREENBACK EXTENDS GAIN

this is called Policy Error"

.

[BullBear52x]

Target hits, see you all tomorrow, trade well, Peace!

[BullBear52x]

Chart for the road: /ES:market bounce tomorrow will not surprise me, but I am not bullish, not yet. Peace!

[Shaishen]

So /ES 3K is looking like resistance now? Printing July month open ~ 2977- as per my chart stuff 2977 is LiS
There is an unfilled gap June 18 but that would be crazy

.

[Cobra]

vol surge, very long lower shadow so might be a rebound here first then we'll see. For a moment I thought the market is crashing. Seriously? The market really hopes for 0.5 cut?

[Al_Dente]

Powell … said this was a "mid-cycle adjustment" confirming that this is "not the start of an easing cycle."
Stocks tumbled....
[zh]