10/04/2019 Live Update

[Cobra]

break above the day high with a strong bull bar in the next few bars then it'd be an uptrend day. I won't count on it, likely it's just a range day.

[Al_Dente]

Some Big Tech
15 min
find the big-ass gap

[Heck]

Mr Heck options sentiment?

Helmet is still on. And strapping it.

All Three C/P Sentiment Indicators = SELL

Two times as many undervalued Index PUTS as Calls

[Al_Dente]

he's on the WH lawn now,
NOW Q&A

[Cobra]

maybe it's an uptrend day, I'm not very sure but at least this bull shall have legs.

[brokebybernacke2]

Mr Heck options sentiment?

Helmet is still on. And strapping it.

All Three C/P Sentiment Indicators = SELL

Two times as many undervalued Index PUTS as Calls

Thank you

[Al_Dente]

Megaphones Tilted Down
“Descending Broadening Wedge”
“Downward breakouts are quite rare”
“The breakout direction is upward 72% of the time.”
http://thepatternsite.com/dbw.html

[brokebybernacke2]

Mr Heck options sentiment?

Helmet is still on. And strapping it.

Flak jacket on too. nuts.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Trades with cats]

Starting to look like some sort of top or at least as congestion pause. Need some good looking pullback and re-test of the high before I can go short after that up move.

Have mental problems with these sort of rocket back up patterns. Apparently record amounts of buyback cash are involved according to B of A. Would not surprise me at all. I am guessing that stock performance bonus money is based on quarterly and annual bench marks. So I am thinking they will use all that lovely money to keep things up through year end. My problem is I think of it as athletes on steroids. Great short term results while the core is rotting away. At least my state of mind is much better now that the unicorns are being exposed. No longer have to argue with my kids about the insanity.

[Trades with cats]

That is what I am talking about. Trend line break, rounded top . MACD has headed south. Waiting for the pullback to end and retest the high then we will see.

[Trades with cats]

Buyers waiting at ES2933 for now. (DOM tool)

[Cobra]

consolidation, bias is up.

[Trades with cats]

My cheep data feed only gives me 10 ticks either side of price for the order book Depth of Market tool. Very frustrating at a time like this. Triple the regular sell at ES 2940 . The buys have gone away and moved up with double regular level at 2935. So the advance of trade thinkers are bracketing both sides of price for now.

[Trades with cats]

Order book is looking closer to typical now. Pretty clear people don't know which way this will break thus the chunks at the even point levels both ways. Just getting in the ques for the move.

[Daniel]

Yesterday the Russell 2000 experienced a cross of the daily 50sma below the 200sma. Here's a 2018 study of the implications of this cross.

https://quantifiableedges.com/the-histo ... wing-them/

Bottom line: "Eighteen winners. Only three losers. I am having a hard time seeing the Russell 2000 Death Cross as a bearish indication. You would have a much easier time convincing me this is a bullish indication for the intermediate-term."

[Trades with cats]

High Frequency Trading detector people are saying on twitter that the machines were turned off a while ago. No kidding Captain Obvious. My gut instinct is that noting happens until we get closer to the close with a sell down for those who don't want to be long over the weekend.

[Heck]

Mr Heck options sentiment?

Helmet is still on. And strapping it.

All Three C/P Sentiment Indicators = SELL

Two times as many undervalued Index PUTS as Calls

Thank you

Welcome

Time will tell

[Al_Dente]

FED started:
https://www.federalreserve.gov/conferen ... bility.htm

[Trades with cats]

Break out, pull back and then go or breakout exhaustion and drop. 2942 seems to be key now.