Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Wed Oct 30, 2019 12:41 pm
FOMC:
Taken from the Northman chart I posted late yesterday, except SPX is Heikin and VIX is inverted.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 1:26 pm
3990-3005 /ES a magnet for bears if we have a relief rally coming or never.
2990-3005 correction.
Last edited by
BullBear52x on Wed Oct 30, 2019 1:34 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 1:29 pm
this market is ready for a pull back, will see if the power that be allows it.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 1:52 pm
I traded last fed day, no fire power then, I don't expect any this time. selling still.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 1:56 pm
Pick your poison. I didn't pick any but I just happened to be on the RED pill atm.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Wed Oct 30, 2019 2:00 pm
I don't usually see a good looking megaphone like this. Looks like I got back from my 10 day break just in time
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Wed Oct 30, 2019 2:02 pm
QUARTER POINT CUT
third cut this year
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Wed Oct 30, 2019 2:07 pm
I guess we will see tomorrow if Northy and his chart of Fed meetings is a good forecast (i.e. major sell-off).
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Wed Oct 30, 2019 2:11 pm
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4017 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Wed Oct 30, 2019 2:14 pm
Back testing the upper line. Will it prove to be resistance???
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This is not investment or trade advice.
te_fern
Posts: 4017 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Wed Oct 30, 2019 2:18 pm
Nope, won't hold it, S&P went positive for the day. We'll see what the presser does to it??
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This is not investment or trade advice.
Trades with cats
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by Trades with cats » Wed Oct 30, 2019 2:19 pm
I drew that megaphone three hours ago. Top line seems to intersect with t_fern's larger time frame AND order book (right side of chart) shows sellers gathering at that level. Maybe some pre-presser action?
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Wed Oct 30, 2019 2:24 pm
te_fern wrote: Nope, won't hold it, S&P went positive for the day. We'll see what the presser does to it??
Spent my sort of vacation reading the Elliot Wave book. They use the term overthrow a lot when the market goes over a trend line and then quickly pulls back. As in your trend line can be correct but the market needs to remind you who is the boss
Also in their world that would add to the odds that we just saw the high for this move.
BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 2:26 pm
TRIN > 1 for the 3rd day, well my simple translation is the sellers are not folding and still selling, will see how the closed.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Wed Oct 30, 2019 2:33 pm
he's on prepared statement
Q&A soon
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Wed Oct 30, 2019 2:36 pm
Since ECB is proposing to use their resources to fight global warming you must take a drink every time an environmentalist question is asked.
Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Wed Oct 30, 2019 2:40 pm
from twitter- I think it will be quote of the day-
"Fed’s Powell: Should Not Confuse T-Bill Purchases With QE"
Cobra
Site Admin
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by Cobra » Wed Oct 30, 2019 2:51 pm
maybe it's the higher low, the market finally decided to go up?
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BullBear52x
Posts: 29516 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Wed Oct 30, 2019 2:54 pm
same playbook, new sell.
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My comments are for entertainment/educational purpose only. NOT a trade advice.