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01/24/2020 Live Update

Re: 01/24/2020 Live Update

Postby Trades with cats » Fri Jan 24, 2020 1:43 pm

alphahorn wrote:My 30 minute System chart, where I got my target

Thanks for that. But the system can't be the entire thing. Futures Trader 71 has been beaten up by the market on bear calls and today said he couldn't trust them. So you had the conviction of your analysis where others have not when looking at the market with similar tools.
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Re: 01/24/2020 Live Update

Postby alphahorn » Fri Jan 24, 2020 1:49 pm

Trades with cats wrote:
alphahorn wrote:My 30 minute System chart, where I got my target

Thanks for that. But the system can't be the entire thing. Futures Trader 71 has been beaten up by the market on bear calls and today said he couldn't trust them. So you had the conviction of your analysis where others have not when looking at the market with similar tools.

thanks for the kind words, here's a Swing System chart I shared with my subscribers. Look at the MACD. Only once before in this bull market did it reach these levels and that was also a minor wave 3. A short pullback followed by a deeper pullback a little later ensued
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Re: 01/24/2020 Live Update

Postby JFR » Fri Jan 24, 2020 1:52 pm

Thanks for sharing, alphahorn.

Trading bias for various asset classes.

DBC short. GLD long. IYR almost long, waiting for a move up. SPY no man's land, but the bias is still up. TLT long. USO short. UUP long.
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Re: 01/24/2020 Live Update

Postby daytradingES » Fri Jan 24, 2020 1:59 pm

Any thoughts on if the LOD is in place with
3293.75 11:19CT
?

It is slightly below my breakdown level of 3295 - so in theory it could fall further. But there was a big volume bar at the low.
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Re: 01/24/2020 Live Update

Postby JFR » Fri Jan 24, 2020 2:05 pm

ES 5. Turning south from the EMA 20.


2020-01-24_1005.png
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Re: 01/24/2020 Live Update

Postby JFR » Fri Jan 24, 2020 2:13 pm

ES 5. Following the trendline down. Coffee break.


2020-01-24_1012.png
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Re: 01/24/2020 Live Update

Postby daytradingES » Fri Jan 24, 2020 2:21 pm

down to 96.50, 3 pts from the low

should be able to re-test??
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Re: 01/24/2020 Live Update

Postby daytradingES » Fri Jan 24, 2020 2:25 pm

saw a flash burst to 3332!!
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Postby MrMiyagi » Fri Jan 24, 2020 2:52 pm

NYSE is so far seeing an 86% Down Volume day, have not seen one this high in percentage in many weeks, for either bull or bear camp. Panic level is 90%+.
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Re: 01/24/2020 Live Update

Postby Al_Dente » Fri Jan 24, 2020 2:52 pm

Total number of confirmed cases now 939+, 26 dead.
China restricts travel for 46+ million people across 16 cities as the death toll surges.
Two deaths have been reported outside Wuhan.
Some residents displaying symptoms are being turned away from hospitals.
Hospitals in Wuhan make urgent pleas for help and supplies.
Beijing orders PLA medics to assist in Wuhan treating patients
UK and US governments tell citizens to avoid outbreak zones.
Senator says CDC about to confirm 3rd US case
US senators receive briefing on the virus
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Re: 01/24/2020 Live Update

Postby daytradingES » Fri Jan 24, 2020 2:54 pm

closed 2384.25 :-)
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Postby MrMiyagi » Fri Jan 24, 2020 2:59 pm

Al_Dente wrote:Total number of confirmed cases now 939+, 26 dead.
China restricts travel for 46+ million people across 16 cities as the death toll surges.
Two deaths have been reported outside Wuhan.
Some residents displaying symptoms are being turned away from hospitals.
Hospitals in Wuhan make urgent pleas for help and supplies.
Beijing orders PLA medics to assist in Wuhan treating patients
UK and US governments tell citizens to avoid outbreak zones.
Senator says CDC about to confirm 3rd US case
US senators receive briefing on the virus


Meanwhile...
CDC reported 13,000,000 flu cases so far in 2019-2020 season. “If I look at this winter respiratory season, influenza is going to cause many more illnesses and more deaths than this coronavirus. It’s one of those circumstances where, if familiarity doesn’t breed contempt, it certainly breeds a certain nonchalance", said Dr Schaffner, a specialist in infectious diseases at Vanderbilt University Medical Center.
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Re: 01/24/2020 Live Update

Postby Cobra » Fri Jan 24, 2020 2:59 pm

Last chances for bulls to make double bottom here. Should be another leg down anyway (maybe a higher low though) even it is a double bottom here.
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Re: 01/24/2020 Live Update

Postby JFR » Fri Jan 24, 2020 3:14 pm

ES daily. Down to the EMA 20.

ES 5. Squeezed by the pivot S2, a trendline and a support line. Look for a breakout. Down? Any institutional bulls ready to spend?


2020-01-24_1112.png
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Re: 01/24/2020 Live Update

Postby Al_Dente » Fri Jan 24, 2020 3:24 pm

aggressive sectors, last 10 days %
124last ten.png.png
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Re: 01/24/2020 Live Update

Postby Al_Dente » Fri Jan 24, 2020 3:25 pm

AD
selling volume is currently 6x buying volume
SIX TIMES :o
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Re: 01/24/2020 Live Update

Postby JFR » Fri Jan 24, 2020 3:27 pm

ES 5. Testing down beneath support. Hmmmm One wonders, is this the time it starts to cascade downwards? Not so sure. The market has been so resilient. I expect there will opportunity buyers amongst the institutions.


2020-01-24_1124.png
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Re: 01/24/2020 Live Update

Postby Al_Dente » Fri Jan 24, 2020 3:27 pm

and VIX is back above 20% on the day
$16.00 ish
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Postby MrMiyagi » Fri Jan 24, 2020 3:29 pm

Cobra wrote:Last chances for bulls to make double bottom here. Should be another leg down anyway (maybe a higher low though) even it is a double bottom here.


French Health Minister reported two cases of corona beer virus, one in Bordeaux, the other near Paris. Everyone is panicking over something that almost all will recover from, some won't even know they had it.
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Re: 01/24/2020 Live Update

Postby Cobra » Fri Jan 24, 2020 3:33 pm


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