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02/07/2020 Live Update

Re: 02/07/2020 Live Update

Postby Al_Dente » Fri Feb 07, 2020 2:28 pm

"Maersk, the world’s largest shipping company, have seen it shares tumble 23% from the peak in December and 6% since the coronavirus hit the official newswire on January 20.
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 2:38 pm

ES 5. A couple of expansion bars. Down. Up. Inverted hammer. Now for that coffee/snack break.


2020-02-07_1037.png
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Re: 02/07/2020 Live Update

Postby Al_Dente » Fri Feb 07, 2020 2:40 pm

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

Follow up:
Throw in the ratio HYG:LQD which clearly shows that the good corporates (LQD) are favored over the bad corporates (junk, HYG)
[As with all ratios: when the ratio is up, the numerator is in charge; when the ratio is down, the denominator is in charge]

27ratio.png.png
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 2:48 pm

Good luck guessing balanced market, one thing for sure the break to the up side failed to move up, now a break to the down side will be more favorable.
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 2:56 pm

Cash SPX Fib, Price action is back in bears hand once again.
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 2:59 pm

ES 5. Breaking down hard beneath the pivot.


2020-02-07_1058_001.png
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 3:00 pm

ES 3326 big lump in the order book
whops, they dropped to 3325
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 3:02 pm

ES 5. Down hard again. Moving from desktop to tablet. Later ...


2020-02-07_1101.png
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 3:03 pm

ES 03-20 (2000 Tick) 2020_02_07 (11_59_24 AM).png

Does that look like the entry to the bat cave? :lol: :twisted:
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 3:08 pm

TRIN is now agreeing with this dump.
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Re: 02/07/2020 Live Update

Postby Cobra » Fri Feb 07, 2020 3:11 pm

Testing the day low, volume surge, so could be a rebound here first then we'll see. Watch for possible typical breakdown then sharp reversal up.
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 3:15 pm

No surprise order book is getting lumpy around ES 3320 as you would expect a major options strike and gamma level to get the big boys active. And all of us little pilot fish following the sharks as well ;) :D
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 3:19 pm

ES 5. Finding support.


Screenshot_20200207_111855.jpg
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Re: 02/07/2020 Live Update

Postby te_fern » Fri Feb 07, 2020 3:21 pm

Fell through PL's 3325 line and now back testing it. Will we go lower??
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 3:23 pm

Trades with cats wrote:No surprise order book is getting lumpy around ES 3320 as you would expect a major options strike and gamma level to get the big boys active. And all of us little pilot fish following the sharks as well ;) :D

3320 = 1std
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 3:25 pm

3320
3212
3205
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 3:33 pm

ES 5. Moving back up towards the EMA 20.


Screenshot_20200207_113238.jpg
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Re: 02/07/2020 Live Update

Postby Trades with cats » Fri Feb 07, 2020 3:34 pm

ES 03-20 (2000 Tick) 2020_02_07 (12_29_23 PM).png

They got the bounce. Is it a reload shorts or go long opportunity? My rules say wait for the higher low before going long after a big drop towards the end of a Friday. :)
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Re: 02/07/2020 Live Update

Postby BullBear52x » Fri Feb 07, 2020 3:36 pm

Cash SPX Fib, bears still on the stage.
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Re: 02/07/2020 Live Update

Postby JFR » Fri Feb 07, 2020 3:48 pm

ES 5. Resistance at the EMA 20.


Screenshot_20200207_114743.jpg
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