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10/04/2019 Live Update

Re: 10/04/2019 Live Update

Postby Cobra » Fri Oct 04, 2019 11:02 am

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.
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Re: 10/04/2019 Live Update

Postby Al_Dente » Fri Oct 04, 2019 11:09 am

Some Big Tech
15 min
find the big-ass gap
104tech.png.png
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Re: 10/04/2019 Live Update

Postby Heck » Fri Oct 04, 2019 11:20 am

Heck wrote:
brokebybernacke2 wrote: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
Last edited by Heck on Fri Oct 04, 2019 11:27 am, edited 1 time in total.
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Re: 10/04/2019 Live Update

Postby Al_Dente » Fri Oct 04, 2019 11:21 am

he's on the WH lawn now,
NOW Q&A
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Re: 10/04/2019 Live Update

Postby Cobra » Fri Oct 04, 2019 11:44 am

maybe it's an uptrend day, I'm not very sure but at least this bull shall have legs.
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Re: 10/04/2019 Live Update

Postby brokebybernacke2 » Fri Oct 04, 2019 11:45 am

Heck wrote:
Heck wrote:
brokebybernacke2 wrote: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
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Re: 10/04/2019 Live Update

Postby Al_Dente » Fri Oct 04, 2019 12:00 pm

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

104megaphone.png.png
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Re: 10/04/2019 Live Update

Postby brokebybernacke2 » Fri Oct 04, 2019 12:00 pm

brokebybernacke2 wrote:Mr Heck options sentiment?

Helmet is still on. And strapping it.


Flak jacket on too. nuts.
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Re: 10/04/2019 Live Update

Postby Cobra » Fri Oct 04, 2019 12:07 pm


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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 12:12 pm

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.
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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 12:16 pm

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_10_04 (10_11_44 AM).png

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.
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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 12:20 pm

Buyers waiting at ES2933 for now. (DOM tool)
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Re: 10/04/2019 Live Update

Postby Cobra » Fri Oct 04, 2019 12:27 pm

consolidation, bias is up.
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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 12:33 pm

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.
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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 12:38 pm

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_10_04 (10_34_04 AM).png

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.
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Re: 10/04/2019 Live Update

Postby Daniel » Fri Oct 04, 2019 1:23 pm

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."
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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 1:26 pm

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.
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Re: 10/04/2019 Live Update

Postby Heck » Fri Oct 04, 2019 1:43 pm

brokebybernacke2 wrote:
Heck wrote:
Heck wrote:
brokebybernacke2 wrote: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
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Re: 10/04/2019 Live Update

Postby Al_Dente » Fri Oct 04, 2019 1:54 pm

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Re: 10/04/2019 Live Update

Postby Trades with cats » Fri Oct 04, 2019 2:16 pm

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_10_04 (12_12_25 PM).png

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