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02/26/2020 Live Update

02/26/2020 Live Update

Postby Cobra » Wed Feb 26, 2020 10:25 am

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The rebound overnight so far is strong so maybe a little more?
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Re: 02/26/2020 Live Update

Postby Cobra » Wed Feb 26, 2020 10:28 am


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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:29 am

ES daily. A hammer as the day session opens. Far beneath the EMA 20.


2020-02-26_0628.png
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Re: 02/26/2020 Live Update

Postby BullBear52x » Wed Feb 26, 2020 10:30 am

RSI 14 dip, take advantage of it, Bottom shopping time.
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:30 am

ES 5. In a base riding the EMA 20.


2020-02-26_0629.png
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Re: 02/26/2020 Live Update

Postby BullBear52x » Wed Feb 26, 2020 10:37 am

Find excuse to buy today, but a break up will be nice here.
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:38 am

ES 5. Testing resistance.


2020-02-26_0638.png
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:40 am

ES 5. Breakout.


2020-02-26_0640.png
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:42 am

Dow 30. A sea of green. Led by UNH and WBA. DIS and HD trailing.


2020-02-26_0639.png
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Re: 02/26/2020 Live Update

Postby BullBear52x » Wed Feb 26, 2020 10:43 am

This will be tough one to pass. 5DMA
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Re: 02/26/2020 Live Update

Postby BullBear52x » Wed Feb 26, 2020 10:45 am

Eyeing 3198-3200ish
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 10:49 am

Price is respecting the highs of the OR-15 in all 3 majors--but also still holding in the top half of that opening range. IWM stopped exactly at its daily Pivot. SPY danced above it briefly but is now just below. So far, very technical action.
Last edited by Daniel on Wed Feb 26, 2020 10:52 am, edited 1 time in total.
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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 10:50 am

ES 5. Hit the brakes at the pivot. Sharp pullback.


2020-02-26_0649.png
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 10:54 am

Price is now hovering around the daily VWAP for many of the sectors I track. Traders are trying to figure out what to do. There is no playbook for this type of "crisis investing".

Also, per Schwab there have been NO extreme tick readings so far this morning, neither pos or neg. (None > 600)

Again, a sign of technical rather than emotional trading.
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Re: 02/26/2020 Live Update

Postby Trades with cats » Wed Feb 26, 2020 11:00 am

From Liz Ann Sonders before the open (Spokesperson for Schwab)
8.10% (intraday), 4-session drop from all-time high 2nd most severe in history of S&P 500; a near-perfect match with median magnitude (-8.2%) of all 5%+ selloffs (222 of them) in history of S&P 500 going back to 1927
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 11:03 am

The OR-15 has now become the OR-30 for all 3 majors. IWM is weakest as measured by "level within that range"-- is below the midpoint. It's also below its (downslope) 15min 20ema and its daily VWAP.
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Re: 02/26/2020 Live Update

Postby Cobra » Wed Feb 26, 2020 11:05 am


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Re: 02/26/2020 Live Update

Postby JFR » Wed Feb 26, 2020 11:09 am

ES 5. Back down beneath support levels and beneath the EMA 20. Bulls got trapped.


2020-02-26_0707.png
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 11:13 am

Daniel wrote:The OR-15 has now become the OR-30 for all 3 majors. IWM is weakest as measured by "level within that range"-- is below the midpoint. It's also below its (downslope) 15min 20ema and its daily VWAP.

..update: IWM testing its lod.
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Re: 02/26/2020 Live Update

Postby Daniel » Wed Feb 26, 2020 11:16 am

Naz advancers holding above 2000. This is encouraging to bulls.
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