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01/17/2020 Live Update

Re: 01/17/2020 Live Update

Postby BullBear52x » Fri Jan 17, 2020 12:15 pm

/ES trend channel, take another 5 handles off the table. same playbook.
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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 12:20 pm

Now clear it's a range day.
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Re: 01/17/2020 Live Update

Postby BullBear52x » Fri Jan 17, 2020 12:22 pm

Cash SPX Fib, down trend so far. alright I am yeping too much, have fun all. Peace!
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 12:29 pm

ES 5. Moving down to a lower level of support. But it is still a doji on the daily.


2020-01-17_0830.png
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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 12:54 pm


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Re: 01/17/2020 Live Update

Postby Al_Dente » Fri Jan 17, 2020 12:55 pm

Lately the FAANG++ has been confirming the highs on SPX, until now. That needs to improve sooner rather than later.
60min
[$NYFANG Index (the underlying for FNGU) is an equal-dollar weighted Index of approximately 10 stocks representing a segment of the technology and consumer discretionary sectors consisting of highly-traded technology growth stocks such as Facebook, Apple, Amazon, Netflix, Google and more.]

117fngu.png.png
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Re: 01/17/2020 Live Update

Postby Al_Dente » Fri Jan 17, 2020 1:28 pm

"Morgan Stanley: Central Bank "Liquidity Surge" Could Push S&P To 3,500
... the entire market surge has been a function of Fed liquidity.

https://www.zerohedge.com/markets/morga ... sh-sp-3500
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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 1:28 pm

Testing day high, 50% chances of double top here.
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 1:34 pm

ES 5. Up to a resistance level at the pivot.


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Re: 01/17/2020 Live Update

Postby Trades with cats » Fri Jan 17, 2020 1:44 pm

Al_Dente wrote:Lately the FAANG++ has been confirming the highs on SPX, until now. That needs to improve sooner rather than later.


We are in earnings blackout for buybacks. So NO discretionary buybacks at this time equals less cash going into Appl MSFT etc..

Smart people who get paid to write were saying last week that Appl etc tend to spend their wad on extra buybacks just before earnings black out (Charlie the Wonder Boy at Nomura). :)
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Re: 01/17/2020 Live Update

Postby Trades with cats » Fri Jan 17, 2020 1:56 pm

With options expiration today backing off the Imperial Tractor beam's lock on the market AND no discretionary buybacks to speak of I am thinking next week is the pullback. (Sarcasm on) Sets us up for all those fabulous earnings beats that are supposed to pull in all the sideline cash.
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Re: 01/17/2020 Live Update

Postby Al_Dente » Fri Jan 17, 2020 1:57 pm

thanks cats
That "blackout period" has been highly debated
opening up the same 60min chart to include september, which may or may not have been the last blackout period, you can see that was the last "non confirmation" after which SPX pulled back a couple hundred points
maybe this time is different :ugeek:

117BLACKOUT.PNG.png
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 2:17 pm

ES 5. Tight congestion zone. Lots of S and R. EMA 20 trying to provide lift.


2020-01-17_1015.png
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 2:44 pm

ES 5 trying to push down out of the base.


2020-01-17_1043.png
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Re: 01/17/2020 Live Update

Postby Cobra » Fri Jan 17, 2020 2:57 pm

Now breakout is more likely. It's not a double top.
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Re: 01/17/2020 Live Update

Postby JFR » Fri Jan 17, 2020 3:40 pm

ES in chains for a couple of hours, testing the bottom of the base again. Signing off. Have a good weekend, Everyone.


2020-01-17_1137.png
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 3:59 pm

Last edited by Heck on Fri Jan 17, 2020 4:19 pm, edited 1 time in total.
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 4:00 pm

Last edited by Heck on Fri Jan 17, 2020 4:18 pm, edited 1 time in total.
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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 4:07 pm

Al_Dente wrote:"Morgan Stanley: Central Bank "Liquidity Surge" Could Push S&P To 3,500
... the entire market surge has been a function of Fed liquidity.

https://www.zerohedge.com/markets/morga ... sh-sp-3500


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Re: 01/17/2020 Live Update

Postby Heck » Fri Jan 17, 2020 4:18 pm

Is QQQ Overbought ?

https://tinyurl.com/sjwcxro

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