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10/21/2019 Live Update

Re: 10/21/2019 Live Update

Postby JFR » Mon Oct 21, 2019 10:20 am

ES five minutes. Bounce off the EMA 20.


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Re: 10/21/2019 Live Update

Postby Heck » Mon Oct 21, 2019 10:41 am

Two/Three C/P Option Sentiment Indicators = DOWN

Close to Three DOWN
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Re: 10/21/2019 Live Update

Postby Cobra » Mon Oct 21, 2019 11:04 am

likely just a range day, now seeking the range high.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 11:22 am

Wishful thinking, I got my order to reverse to buy at 3002, If bears can not make LL from here it's something else.
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Re: 10/21/2019 Live Update

Postby JFR » Mon Oct 21, 2019 11:23 am

ES, five minute. At resistance, at the high end of the range. Back later.


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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 11:40 am

This is a fight. this is the box that I have to deal with, bulls are not all that strong either.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 11:46 am

I know Monday is the most boring day of the week, look at last Monday range. something big going to happen tomorrow. Wednesday I will be gone until next week, I hope I don't miss a big move tomorrow.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 11:57 am

3 handles day scalping until something move out of this 3000 to 3003. I am leaning bearish, selling now, TRIN says no buy.
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Re: 10/21/2019 Live Update

Postby Cobra » Mon Oct 21, 2019 12:06 pm


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Re: 10/21/2019 Live Update

Postby Cobra » Mon Oct 21, 2019 12:39 pm

testing day high. no evidence but I guess it'll make a breakout. it's a typical slow bull day that down in the morning then slowly up and up till the close. let's see.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 12:54 pm

a day like today it is more productive just to stay in bed. 3 handles scalping on the down side. so far so good until now. :shock:
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 1:05 pm

The red P/L Open is not a pretty sight, lets got bears.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 1:18 pm

/ES Bull Trap
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 2:08 pm

Range day trading 3 handles to continue.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 2:19 pm

Besides intraday trading, 3002ish is now become a support, bears last peak to sell today.
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Re: 10/21/2019 Live Update

Postby ccash04 » Mon Oct 21, 2019 2:24 pm

Short, short and short.

Bonds not really confirming this move. This seems to be low volume nonsense so will take the loss if it keeps grinding up but seems like we've seen this before, failure in the 3,000 area. Some tweet, news or whatever always seems to make the market tank.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 2:27 pm

Cash SPX Fib, bulls doesn't care where the closed is, But for bears , the closed need to be weak under 38.2% to hold on. for me, tomorrow is another day. :)
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Re: 10/21/2019 Live Update

Postby ccash04 » Mon Oct 21, 2019 2:36 pm

I like to look at high yield to get an idea where equities see things vs bonds. Look at JNK/HYG vs. SPY. Credit not nearly as enthusiastic as SPY still off highs of Sept/June. Credit looks like it is rolling over as well. Usually equities will catch up to credit, usually but everything is about playing the odds.
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Re: 10/21/2019 Live Update

Postby BullBear52x » Mon Oct 21, 2019 2:41 pm

ccash04 wrote:I like to look at high yield to get an idea where equities see things vs bonds. Look at JNK/HYG vs. SPY. Credit not nearly as enthusiastic as SPY still off highs of Sept/June. Credit looks like it is rolling over as well. Usually equities will catch up to credit, usually but everything is about playing the odds.

someone does buy this weak chart, scratching my head too. old SPY chart book.
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Re: 10/21/2019 Live Update

Postby Ratbastrd » Mon Oct 21, 2019 2:56 pm

Something is rotten in this market. OBV is massively diverging over last few weeks of trading. TRIN is also picking up again, as it has since July when ever market gets up over 3K. Scaling into shorts this week, with a stop at 3045 (assuming a throw over). This chart sucks, but OBV is lower panel, SPY upper panel.

SPX OBV (2).jpg
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