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02/07/2020 Live Update

02/07/2020 Live Update

Postby Cobra » Fri Feb 07, 2020 10:23 am

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The pullback probably will be bought.
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Re: 02/07/2020 Live Update

Postby Cobra » Fri Feb 07, 2020 10:26 am


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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 10:31 am

/ES channel, key line
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 10:31 am

sell
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Re: 02/07/2020 Live Update

Postby Heck » Fri Feb 07, 2020 10:32 am

[quote][/quote]

SP.1 Mar Futures BUYING Above 3,327.50

SPX BUYING Above 3,326.14 edit 3,322.12
Last edited by Heck on Fri Feb 07, 2020 4:30 pm, edited 1 time in total.
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Re: 02/07/2020 Live Update

Postby te_fern » Fri Feb 07, 2020 10:46 am

Obviously broke this trend line. Does the market want to close the gap down at 3305?
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Re: 02/07/2020 Live Update

Postby Cobra » Fri Feb 07, 2020 10:59 am


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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 11:01 am

Twitter saying the largest Apple factory is in a city that is now under lock down.
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 11:02 am

down target 3305-3312ish
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Re: 02/07/2020 Live Update

Postby te_fern » Fri Feb 07, 2020 11:02 am

PL current counts shows a break of 3325 would lead to a 'C' down to 3180ish.
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 11:08 am

Daily setup, sell the rip triggered.
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 11:10 am

Since there is new ATH yesterday, I want to see Hourly buy dip fail first (few more days yet) to say top is in. for now it is just wishful thinking the top is in for the bears. :?:
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Re: 02/07/2020 Live Update

Postby te_fern » Fri Feb 07, 2020 11:10 am

Can't bring up my charts in order to post them.
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 11:14 am

Well there is now full panic at the White House

KUDLOW SAYS SEES "ABSOLUTE MINIMAL" IMPACT ON U.S. ECONOMY FROM CORONAVIRUS
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 11:30 am

te_fern wrote:PL current counts shows a break of 3325 would lead to a 'C' down to 3180ish.


Kinda thinking like BullBear, Monday more likely. CCP can lie all they want about virus, if the factories do not open you can not lie about that. At this point the Wall Street wiz kids seem to be thinking virus problems equal more money printing so all is good. Saying once again that after a decade of positive reinforcement by the Fed the younger crowd thinks they are doing the right thing by ridiculing anyone who is concerned. Money printing is no good when your city runs out of toilet paper and the factories around the world are shutting down. As I said before this is like the Japanese earth quake where they found out about supply lines. And they all run through China now.

Counter trend drop can become a primary trend. With a change in social trend. Clear US authorities are in full panic mode. Will see how fast the mental panic spreads.
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 11:32 am

Next sell setup will need to take this to new LOD if not then looks like bears will not sell off today, I will wait out another hour or so.
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Re: 02/07/2020 Live Update

Postby Cobra » Fri Feb 07, 2020 11:34 am

It's bear's last chance here to make a range day (not typo), otherwise it'd be double bottom, the gap might be filled today.
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 11:44 am

ES 03-20 (2000 Tick) 2020_02_07 (8_36_26 AM).png

Trend lines speak for themselves. We have popped up to the bottom of the value area on a two day volume profile. Yesterday we really did not turn around and head up until around 11 or so which has been really common. Find out soon enough if this is ordinary or as they are saying on twitter will this be the second time we have an up Friday in 2020.
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Re: 02/07/2020 Live Update

Postby Al_Dente » Fri Feb 07, 2020 11:46 am

Internals viewed from the short side
SHORTS
27int short.png.png
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Re: 02/07/2020 Live Update

Postby Al_Dente » Fri Feb 07, 2020 12:01 pm

I'm a bit suspicious here because junk should be lower for bears ... and it's holding ... so far...
15min
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