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10/17/2019 Live Update

10/17/2019 Live Update

Postby Cobra » Thu Oct 17, 2019 9:25 am

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beware of 3 push up, 50% chances.
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 9:34 am

Pajama traders got us out from the consolidation mess. Buy is the name of the game, let see the first hour need to see if tick can hold up above zero to be a good trend day.
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Re: 10/17/2019 Live Update

Postby Cobra » Thu Oct 17, 2019 10:01 am


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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:07 am

12.5 and 23.5 are two possible up target for now.
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Re: 10/17/2019 Live Update

Postby Mr. BachNut » Thu Oct 17, 2019 10:20 am

Our Gap year continues.
The NYMO cycle is up.

We are now up to ten downside gaps again.
It seems lately when it gets to be that many, a move is on deck to close a few of them.
We shall see.

Looking at the NYMO, a corrective move down to the zero line would be fair in the not too distant future.
So, if price goes to test the middle keltner/50 day MA in the days ahead, maybe after OPEX, it would not surprise.
All that said, October's reputation as the bear killer looks like it will remain intact.
How about closure of that last up gap target on Halloween? :lol:
As usual, I have no idea what will happen.

I am long SPX and R2K.
The SPX position is down to a runner with a BE stop.
I am looking to scale out a risk unit of the R2K position.

NYMO 101719.jpg
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:35 am

right at the border line on strength, one dip coupon awaiting.
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:38 am

here, how I do it, util it fails......
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Re: 10/17/2019 Live Update

Postby Cobra » Thu Oct 17, 2019 10:39 am

at the best for bulls is a range day
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:43 am

Cash SPX Fib, I know bears are eyeing the Gap fill, bulls need to hold LOD, new LOD is my buy stop. so.....let go mad bulls.
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Re: 10/17/2019 Live Update

Postby Trades with cats » Thu Oct 17, 2019 10:46 am

I don't know which is worse, trade tweets or waiting for the Democratic Unionist Party to make up their minds.
Makes me nostalgic for the days when earnings releases moved the market.
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:50 am

Oy....bulls are bad bad bad. I am sitting out for now.
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Re: 10/17/2019 Live Update

Postby Trades with cats » Thu Oct 17, 2019 10:52 am

No breakdown pullback and break dance step this time. It just dropped, bang. Thinking the bulls are having a pint with the DUP instead of watching the market. :lol:
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:53 am

will sell the next sell setup.no trend day for bulls. bears' turn.
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Re: 10/17/2019 Live Update

Postby Trades with cats » Thu Oct 17, 2019 10:54 am

Wow, I was looking at bars not price. ES 3000 meant nothing. Charlie the wonder boy's magic charts showed 2950 as the magic level this week so why not use it as a target.
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 10:59 am

Market /Volume Profile: POC 3002.
a bounce off the low volume node for now.
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Re: 10/17/2019 Live Update

Postby Trades with cats » Thu Oct 17, 2019 11:08 am

Charlies charts.png

In case you missed them yesterday. Nomura's Charlie McElligott's chart package. It is the bottom two that show where the big boys will be looking at options expiration.
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Re: 10/17/2019 Live Update

Postby Heck » Thu Oct 17, 2019 11:14 am

Two and a Third Undervalued PUTS for each Call = DOWN
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 11:20 am

SPX cash Fib update, looks like range day again to me.???? well, bears will get the ball fist on my next move.
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Re: 10/17/2019 Live Update

Postby BullBear52x » Thu Oct 17, 2019 11:31 am

Hop on south bound train now, Choo choooo
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Re: 10/17/2019 Live Update

Postby Trades with cats » Thu Oct 17, 2019 11:35 am

Familiar plot line, dropping to the low as euro zone goes home. Decision time.
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