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09/20/2019 Live Update

Re: 09/20/2019 Live Update

Postby te_fern » Fri Sep 20, 2019 11:40 am

dtES is 3000 your estimated low?
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Re: 09/20/2019 Live Update

Postby BullBear52x » Fri Sep 20, 2019 11:42 am

te_fern wrote:Coolbiz just went long again at 3011. Don't like being on the other side of the trade from him....

The closed on past 3 days were fat, it's time for the market to move out of this balance area (POC if you will)
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Re: 09/20/2019 Live Update

Postby BullBear52x » Fri Sep 20, 2019 11:46 am

daytradingES wrote:
BullBear52x wrote:today should be a trend intraday, by that I mean big range one way or the other, I hope for down since I started on the south bound train. :twisted:


why do you feel is should be a big rng one way or another?
(most stuff I have is sideways)

Wrong reply, oopz
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Re: 09/20/2019 Live Update

Postby te_fern » Fri Sep 20, 2019 11:49 am

Aiming for the S1 pivot, which is right around 3000...
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Re: 09/20/2019 Live Update

Postby te_fern » Fri Sep 20, 2019 11:50 am

As Cobra says, being short is hard work.....LOL!
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Re: 09/20/2019 Live Update

Postby Cobra » Fri Sep 20, 2019 11:56 am


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Re: 09/20/2019 Live Update

Postby daytradingES » Fri Sep 20, 2019 11:56 am

te_fern wrote:dtES is 3000 your estimated low?


Yes at 8:30CT

If 3018 turns out to be the HOD then range rule gives 3002 as estimated low.
3003 pops up other estimates and 3001.50 is the low stop1

So in that area. IF down day which I think it might be.

The key is not the low estimate but the best sell time or sell price (well second best as 3018 gone)

Clear as mud!! :-)
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Re: 09/20/2019 Live Update

Postby BullBear52x » Fri Sep 20, 2019 11:58 am

Cash SPX Fib, 38.2% resistance, same playbook.
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Re: 09/20/2019 Live Update

Postby te_fern » Fri Sep 20, 2019 11:59 am

daytradingES wrote:
te_fern wrote:dtES is 3000 your estimated low?


Yes at 8:30CT

If 3018 turns out to be the HOD then range rule gives 3002 as estimated low.
3003 pops up other estimates and 3001.50 is the low stop1

So in that area. IF down day which I think it might be.

The key is not the low estimate but the best sell time or sell price (well second best as 3018 gone)

Clear as mud!! :-)


Thanks! It's like trying to figure out where to place stops... :D
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Re: 09/20/2019 Live Update

Postby Cobra » Fri Sep 20, 2019 12:00 pm

maybe the range low was in?
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Re: 09/20/2019 Live Update

Postby daytradingES » Fri Sep 20, 2019 12:06 pm

Fridays can be choppy and best to stay away from -- but I'm an addict like the rest of us nuts here :LOL:

In any case, IF we get a bounce (say around 12 CT) and the indicators look like they are topping out then I'll sell - else take a nap! :-)
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Re: 09/20/2019 Live Update

Postby Al_Dente » Fri Sep 20, 2019 12:10 pm

Al_Dente wrote:$NYADV:$NYDEC = 2.2x
$NYUPV:$NYDNV = 2.7x
bull at the moment

$NYADV:$NYDEC = 2.2x
$NYUPV:$NYDNV = 2.7x

bulls aren't giving up... yet...
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Re: 09/20/2019 Live Update

Postby te_fern » Fri Sep 20, 2019 12:13 pm

About to get stopped out and then I'll go take a nap too!
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Re: 09/20/2019 Live Update

Postby Al_Dente » Fri Sep 20, 2019 12:22 pm

1) SPX double top
2) Sentiment: options traders (1/VIX) are bull-SPX
3) QQQ not so much
15m
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Re: 09/20/2019 Live Update

Postby BullBear52x » Fri Sep 20, 2019 12:22 pm

We are here. Until it doesn't. :twisted:
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Re: 09/20/2019 Live Update

Postby Al_Dente » Fri Sep 20, 2019 12:23 pm

He's at the podium now with Aussie PM
he's taking questions
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Re: 09/20/2019 Live Update

Postby Al_Dente » Fri Sep 20, 2019 12:28 pm

last 10 days %
920last 10.png.png
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Re: 09/20/2019 Live Update

Postby Trades with cats » Fri Sep 20, 2019 12:30 pm

Everybody playing the ETF's really should take a look at the micro ES and the M2K micro small caps. With the MES a point is $5 so if you don't want to be at a high roller table you can still afford to trade three or four contracts at a time. The tax side is terrific if you pay US income tax as it is the 60/40 split between capital gains and ordinary. Tax return is just filling in the single number from your brokerage. Brokerages are looking for collateral for day trading in the area of what ever change you have in your pockets. Being liquid futures contracts you just know there has to be a hedge fund somewhere with a fast data connection arbitraging the heck out of any price variance with the regular ES, making sure they are the same price.

The other thing is ETFs do scare me as when things go really wrong it is a sponsoring bank who decides what to do, while with futures it is the exchange. So the bank could say that ended badly and just walk away. Exchange has no other line of business and the members are mostly traders.
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Re: 09/20/2019 Live Update

Postby BullBear52x » Fri Sep 20, 2019 12:30 pm

If we have this as a second leg lower, Monday will be another one. just saying.
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Re: 09/20/2019 Live Update

Postby Al_Dente » Fri Sep 20, 2019 12:34 pm

Aggressive sectors stacked, daily
The only green elder is health, breakout
Srsly, bulls need more help, and soon....
920sectors.png
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