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10/16/2019 Live Update

Re: 10/16/2019 Live Update

Postby BullBear52x » Wed Oct 16, 2019 10:52 am

Cash SPX Fib, not bearish bulls will fill the gap looks like.
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Re: 10/16/2019 Live Update

Postby BullBear52x » Wed Oct 16, 2019 10:53 am

got stop out, I will buy the next dip one more time before I called it a day. this is why most traders don't trade range day, I just want to do it today for the hell of it.
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Re: 10/16/2019 Live Update

Postby Cobra » Wed Oct 16, 2019 10:55 am

I treat today as a range day although it may push all the way up to the yesterday's high.
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Re: 10/16/2019 Live Update

Postby BullBear52x » Wed Oct 16, 2019 10:58 am

For swing, yesterday's range is what it matters, inside day will just dance around until it breaks out one way or the other. boring day lets talk charts.
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Re: 10/16/2019 Live Update

Postby Trades with cats » Wed Oct 16, 2019 11:01 am

Not a good trading range day, no reliable repeatable highs and lows to lean against.
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Re: 10/16/2019 Live Update

Postby te_fern » Wed Oct 16, 2019 11:03 am

Broke up thru this trend line...
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Re: 10/16/2019 Live Update

Postby Trades with cats » Wed Oct 16, 2019 11:04 am

We did bounce off the overnight low so now will it reverse at the overnight high or is the sweet siren song of 3,000 too tempting to resist.
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Re: 10/16/2019 Live Update

Postby Trades with cats » Wed Oct 16, 2019 11:09 am

Just read the article featuring Charlie the wonder boy's charts at Zerohedge. Good grief why is no one showing a strategy to trade the VIX. I had no idea as I don't follow it closely. Talk about a monthly money machine. And the explanation was there for all to see, too many traders in the ETNs overwhelming the market. Sort of like a parasite becoming too big for the host. Since ETN's are the weapon of choice for the low interest investor this could continue for some time.
Edit- low interest as in not caring or paying much attention.
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Re: 10/16/2019 Live Update

Postby Al_Dente » Wed Oct 16, 2019 11:12 am

Trades with cats wrote:Just read the article featuring Charlie the wonder boy's charts at Zerohedge. Good grief why is no one showing a strategy to trade the VIX. I had no idea as I don't follow it closely. Talk about a monthly money machine. And the explanation was there for all to see, too many traders in the ETNs overwhelming the market. Sort of like a parasite becoming too big for the host. Since ETN's are the weapon of choice for the low interest investor this could continue for some time.
Edit- low interest as in not caring or paying much attention.

McElligott
https://www.zerohedge.com/markets/deale ... to+zero%29
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Re: 10/16/2019 Live Update

Postby BullBear52x » Wed Oct 16, 2019 11:21 am

Third time charm (for me) :D come to papa. last move for today.
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Re: 10/16/2019 Live Update

Postby Trades with cats » Wed Oct 16, 2019 11:24 am

Oops, thanks for the link Pasta Boss. Really though seven months in a row of the same mechanical results in price swings you would think every hedge fund in the universe will be piling in. This is right up there with fading Dennis Gartman!
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Re: 10/16/2019 Live Update

Postby Trades with cats » Wed Oct 16, 2019 11:33 am

ES 12-19 (8000 Tick) 2019_10_16 (9_27_18 AM).png

It's Deja Vu all over again the night and day version.
Those orange point of control lines show we are trading in a very comfortable place from an auction point of view. Need some news to unbalance things.
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Re: 10/16/2019 Live Update

Postby Cobra » Wed Oct 16, 2019 12:05 pm


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Re: 10/16/2019 Live Update

Postby Al_Dente » Wed Oct 16, 2019 12:22 pm

EARNINGS
Today
After the close: CSX, IBM, NFLX

Thursday, October 17
Before the open: MS, TSM, UNP
After the close: ETFC
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Re: 10/16/2019 Live Update

Postby JFR » Wed Oct 16, 2019 12:38 pm

ES daily. A doji. Rising EMA 20.


2019-10-16_0937.png
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Re: 10/16/2019 Live Update

Postby Cobra » Wed Oct 16, 2019 12:39 pm

don't know whether it's a double top here. one thing is certain now - indeed it's a range day.
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Re: 10/16/2019 Live Update

Postby JFR » Wed Oct 16, 2019 12:40 pm

ES five minute. Down to support.


2019-10-16_0940.png
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Re: 10/16/2019 Live Update

Postby JFR » Wed Oct 16, 2019 12:46 pm

Dogs of the DOW. For today, anyway.


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Re: 10/16/2019 Live Update

Postby JFR » Wed Oct 16, 2019 12:50 pm

Divas of the DOW. Fifteen minute.


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Re: 10/16/2019 Live Update

Postby JFR » Wed Oct 16, 2019 12:52 pm

ES five minute. Breaking down beneath the pivot.


2019-10-16_0952.png
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