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09/24/2019 Live Update

Re: 09/24/2019 Live Update

Postby Trades with cats » Tue Sep 24, 2019 12:04 pm

ES 12-19 (15 Minute) _ ES 12-19 (15 Minute) 2019_09_24 (9_58_53 AM).png

Cumulative volume profile on the left.
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Re: 09/24/2019 Live Update

Postby brokebybernacke2 » Tue Sep 24, 2019 12:05 pm

BullBear52x wrote:I am not buying here.
4th bottom? any such thing?

2969 1st base
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Re: 09/24/2019 Live Update

Postby Cobra » Tue Sep 24, 2019 12:08 pm


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Re: 09/24/2019 Live Update

Postby BullBear52x » Tue Sep 24, 2019 12:09 pm

Cash SPX FIb, come to Papa, I will sell one more time before calling it a day.
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Re: 09/24/2019 Live Update

Postby Cobra » Tue Sep 24, 2019 12:09 pm

maybe the rebound would be sold?
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Re: 09/24/2019 Live Update

Postby BullBear52x » Tue Sep 24, 2019 12:33 pm

Can we do 61ish ? Yes, we can.....
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Re: 09/24/2019 Live Update

Postby brokebybernacke2 » Tue Sep 24, 2019 12:39 pm

BullBear52x wrote:Can we do 61ish ? Yes, we can.....


2945 zone where the fight will be.
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Re: 09/24/2019 Live Update

Postby 1der » Tue Sep 24, 2019 12:40 pm

BullBear52x wrote:we are doomed folks :mrgreen: :lol: :twisted:


Cue Mr. Miyagi
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Re: 09/24/2019 Live Update

Postby 1der » Tue Sep 24, 2019 12:42 pm

It will be interesting to see what coolbiz1 ultimately did here. He removed the 2999.25 stop on his long at 3004. I have never seen him do that before.
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Re: 09/24/2019 Live Update

Postby BullBear52x » Tue Sep 24, 2019 12:53 pm

Today's LOD will mark an important line for me going forward, this is the first sell that throw everything into bearish mode. Whatever the LOD be, those will be import line for Trend Pivot that could last in one direction for weeks. :geek: :ugeek:
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Re: 09/24/2019 Live Update

Postby BullBear52x » Tue Sep 24, 2019 12:54 pm

I am taking 62ish for today if it hits. Have a good one all. Peace!
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Re: 09/24/2019 Live Update

Postby brokebybernacke2 » Tue Sep 24, 2019 1:00 pm

BullBear52x wrote:I am taking 62ish for today if it hits. Have a good one all. Peace!


bingo
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Re: 09/24/2019 Live Update

Postby Trades with cats » Tue Sep 24, 2019 1:08 pm

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_09_24 (11_03_58 AM).png

I can tell when it is a big day because I have to make the third Keltner band visible. That is 4.236 times the plus and minus 20 atr from the 21 EMA center line.
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Re: 09/24/2019 Live Update

Postby Trades with cats » Tue Sep 24, 2019 1:16 pm

So Coolbiz is counting waves and looking at the rule book-

$SPX we had a Bearish Wave Structure earlier in August below, a few weeks back where 3027.98 was the peak of the market, 2822.12 was a Wave(1) low and the recent high at 3021.91 is the Wave (2) high, still valid as it never exceeded the ATH at 3027.98. This is TBD later today.

This will be updated later as SPX took out most of the recent lows. It this plays out expect a deep correction, must take out 2729 to reach near DEC. lows.TBD


If I may add from my beginners knowledge of wave counting he is implying that we are in wave three which is never the smallest. Certainly this drop is impulsive and big and of course volume picked up. So he is looking for something below 2822 in a five wave pattern. I think the risk to the count is that back in the day M<icrosoft did not throw 40 billion into the market when ever it started a serious drop. So we will see if Tim Cook and friends stop this before it gets out of hand.
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Re: 09/24/2019 Live Update

Postby Cobra » Tue Sep 24, 2019 1:52 pm

maybe the rebound would be sold again?
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Re: 09/24/2019 Live Update

Postby Cobra » Tue Sep 24, 2019 2:16 pm

good news?
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Re: 09/24/2019 Live Update

Postby JFR » Tue Sep 24, 2019 2:17 pm

ES, five minute. Strong bounce off support.


2019-09-24_1116.png
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Re: 09/24/2019 Live Update

Postby Sleeperz » Tue Sep 24, 2019 2:23 pm

Stocks rebound from lows after Trump says he will release full transcript with Ukraine president.
MUst be counter to his impeachment cries.
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Re: 09/24/2019 Live Update

Postby Cobra » Tue Sep 24, 2019 2:48 pm

until decisive new day low, anytime a sharp rebound then the low probably is in for today. key time.
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Re: 09/24/2019 Live Update

Postby BullBear52x » Tue Sep 24, 2019 3:00 pm

Chart for the road: this week is short trading week for me, nature calls, time to enjoy the wilderness, I might trade early tomorrow morning?. see note on chart, gap support is almost a guaranteed to revisit this time. Peace!
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