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09/27/2019 Live Update

Re: 09/27/2019 Live Update

Postby Heck » Fri Sep 27, 2019 1:43 pm

The Nixon Impeachment and The Market

Oct 30, 1973 - Aug 20, 1974

On 1 Oct 1973 the S&P 500 was 109.80 before Impeachment Proceedings began.

On 1 Sep 1974 after President Nixon resigned, it was 68.12, a decline of - 38 %.

On 1 Dec 1974 S&P 500 was 67.07.
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Re: 09/27/2019 Live Update

Postby JFR » Fri Sep 27, 2019 2:24 pm

ES, five minute. Testing support at a lower level. I have not traded since the second plunge. But can't help checking in, watching the market burn. Seems kind of like the political world.


2019-09-27_1120.png
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Re: 09/27/2019 Live Update

Postby Cobra » Fri Sep 27, 2019 2:58 pm

volume surge so might be a rebound here first which likely would be sold.
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Re: 09/27/2019 Live Update

Postby Mr. BachNut » Fri Sep 27, 2019 3:03 pm

Quick update:

NYMO cycle is confirmed down.

Price couldn't make it to upper keltner and has returned to middle and 50 MA.
The one up gap target at the July high may be unfinished business, but this gap was closed in SPY and ES. So, no trade was left behind.

A couple of gap targets below may get magnetic.

There is a fair bit of technical structure to support a serious correction here.
I have no idea what will happen but let's see.

My long SPX runner was closed out shortly after my post earlier this week.
Now short SPX and R2K with one scale taken.

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Re: 09/27/2019 Live Update

Postby Cobra » Fri Sep 27, 2019 3:47 pm


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Re: 09/27/2019 Live Update

Postby Cobra » Fri Sep 27, 2019 3:50 pm

well, guess that's it for today. here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

thank you guys, I'll see you in another thread soon.

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