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10/30/2019 Live Update

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Al_Dente
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Re: 10/30/2019 Live Update

Post by Al_Dente »

FOMC:
Taken from the Northman chart I posted late yesterday, except SPX is Heikin and VIX is inverted.
1030fomc.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

3990-3005 /ES a magnet for bears if we have a relief rally coming or never.

2990-3005correction.
Last edited by BullBear52x on Wed Oct 30, 2019 1:34 pm, edited 1 time in total.
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

this market is ready for a pull back, will see if the power that be allows it.
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

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.
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

Pick your poison. I didn't pick any but I just happened to be on the RED pill atm.
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Re: 10/30/2019 Live Update

Post by Trades with cats »

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_10_30 (11_56_05 AM).png
I don't usually see a good looking megaphone like this. Looks like I got back from my 10 day break just in time :D
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Al_Dente
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Re: 10/30/2019 Live Update

Post by Al_Dente »

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
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Re: 10/30/2019 Live Update

Post by Trades with cats »

from twitter. 84 meetings since the expansion began. Not one surprise rate change.
Trades with cats
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Re: 10/30/2019 Live Update

Post by Trades with cats »

I guess we will see tomorrow if Northy and his chart of Fed meetings is a good forecast (i.e. major sell-off).
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Al_Dente
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Re: 10/30/2019 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 10/30/2019 Live Update

Post by te_fern »

Back testing the upper line. Will it prove to be resistance???
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te_fern
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Re: 10/30/2019 Live Update

Post by te_fern »

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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Re: 10/30/2019 Live Update

Post by Trades with cats »

ES 12-19 (2000 Tick) _ ES 12-19 (2000 Tick) 2019_10_30 (12_14_38 PM).png
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?
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Re: 10/30/2019 Live Update

Post by Trades with cats »

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 :lol:

Also in their world that would add to the odds that we just saw the high for this move.
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

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.
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Al_Dente
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Re: 10/30/2019 Live Update

Post by Al_Dente »

he's on prepared statement
Q&A soon
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Re: 10/30/2019 Live Update

Post by Trades with cats »

Since ECB is proposing to use their resources to fight global warming you must take a drink every time an environmentalist question is asked. :lol:
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Re: 10/30/2019 Live Update

Post by Trades with cats »

from twitter- I think it will be quote of the day-
"Fed’s Powell: Should Not Confuse T-Bill Purchases With QE"
:lol: :lol: :lol:
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Cobra
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Re: 10/30/2019 Live Update

Post by Cobra »

maybe it's the higher low, the market finally decided to go up?
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BullBear52x
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Re: 10/30/2019 Live Update

Post by BullBear52x »

same playbook, new sell.
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