Back to www.cobrasmarketview.com

   

09/26/2019 Live Update

09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 9:23 am

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

    Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
    Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
    Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
    I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
========================================================================================================================================================================

no idea up or down from here but overall it's not a strong rebound, had pullback too early so not a good sign.
Attachments
ES60min.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 9:26 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby JFR » Thu Sep 26, 2019 9:28 am

ES daily. Up a bit off the EMA 20. Doji so far.


2019-09-26_0627.png
User avatar
JFR
 
Posts: 3399
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/26/2019 Live Update

Postby JFR » Thu Sep 26, 2019 9:33 am

ES five minute. Price has pulled back in the last hour.


2019-09-26_0631.png
User avatar
JFR
 
Posts: 3399
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/26/2019 Live Update

Postby JFR » Thu Sep 26, 2019 9:42 am

One minute. Dive. Dive. Dive.


2019-09-26_0641.png
User avatar
JFR
 
Posts: 3399
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 9:57 am

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_09_26 (7_52_34 AM).png

My understanding is that a Chinese official did a Trump and released positive trade talks news early in the Euro time zone session, thus the spike.

And like most algo driven news events that are words not actions, after a while the market returns to what it was doing.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 10:02 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby JFR » Thu Sep 26, 2019 10:13 am

ES. Five minute. At support. Testing that support.


2019-09-26_0713.png


Breaking down further.


2019-09-26_0715.png
User avatar
JFR
 
Posts: 3399
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 10:39 am

From the world of Elliot Wave countyers, a comment that matches the other posts on this board this morning.

Coolbiz-
Yesterday's advance was also in 3 waves, not an impulsive action. Now this retrace is deep should not close below 2967 (at 2972 now) or it will be ST bearish action going forward. Price action is very weak and choppy with every Tweet, whistle blower etc. etc. etc.


Inquiring minds want to know, is the market run by Central Banks buybacks and tweets ? Is there any place left for earnings and technical analysis? Realize it makes me sound even older than I am. :lol:
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 10:42 am

The free peak at the pre-open market with Bookmap software showed a large stable liquidity pool (standing buy orders)at ES 2975. With that gone market has no other immediate attractant, so into the range we go.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 10:48 am

so far it's just a range day. maybe, the range low was in?
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 11:06 am

ES 12-19 (15 Minute) _ ES 12-19 (15 Minute) 2019_09_26 (8_59_53 AM).png

Well you know that double bottom needs to be tested. Just that no one was expecting it today.
That red green histogram at the bottom is an implementation of Larry "I really Trade" Williams awesome oscillator with color change substituting for the signal line. In some older videos he claimed it was really accurate at detecting Elliot Waves if the number of bars within the waves was within a certain range. Since Fat Tails was offering his implementation for free I decided to try it out.(Lizard Indicators)
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 11:14 am

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_09_26 (9_09_28 AM).png

Decision time! Note 10 bar ADX (dash black yellow gray left scale second box) is saying this pullback is gutless. Note same sort of pattern on the failed pullback after the 60 minute OR low was set.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 11:20 am

OK charts mean nothing, sell off is because of News on Huawei tariff wavers not happening. So trade news catalyst and here I thought it was a test of the double bottom coming up. Going to cancel my price data feed and just trade off a news feed! :twisted: :lol: :lol: :lol:
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 11:27 am

I still treat it as a range day because it's within the yesterday's range (therefore supports every step down). This bear shall have legs though.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 11:40 am

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_09_26 (9_37_19 AM).png

Looks like decision time again.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Trades with cats » Thu Sep 26, 2019 11:42 am

Forgot to look at the time. Euro zone going home so traditionally it is time to move to the top of the range.
Trades with cats
 
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 09/26/2019 Live Update

Postby Heck » Thu Sep 26, 2019 12:02 pm

Undervalued Index PUTS Five Times Calls = DOWN
Heck
 
Posts: 1067
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 09/26/2019 Live Update

Postby Cobra » Thu Sep 26, 2019 12:06 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 45103
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/26/2019 Live Update

Postby JFR » Thu Sep 26, 2019 12:31 pm

Up to resistance.

Back later. Going to watch some news analysis. Such as it is. LOL


2019-09-26_0929.png
User avatar
JFR
 
Posts: 3399
Joined: Sun Dec 02, 2012 7:24 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google Adsense [Bot] and 10 guests