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09/11/2020 Live Update

Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 1:12 pm

Cash SPX, True bear will not allow this line to regain a strength.
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Re: 09/11/2020 Live Update

Postby Al_Dente » Fri Sep 11, 2020 1:13 pm

Day four of backtesting the 2/19 high
Bulls need to get back above the 20ma pronto
Bears want the lower lows to continue
(as fern noted we are sitting right on the 50sma)

911backtest.png.jpg
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Re: 09/11/2020 Live Update

Postby te_fern » Fri Sep 11, 2020 1:13 pm

50 day....
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 1:21 pm

I don't think bulls will allow this week to closed under last week's low. LL is clear, but to closed under last week low, it is serious stuff on a reversal confirmation. PPT is on alert no doubt.
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Re: 09/11/2020 Live Update

Postby Cobra » Fri Sep 11, 2020 1:31 pm

This bear shall have legs.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 1:32 pm

ES Dec contract, I don't see a good support until we hit 3289ish.
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Re: 09/11/2020 Live Update

Postby Al_Dente » Fri Sep 11, 2020 1:33 pm

WEEK AT A GLANCE, early
Mostly lower lows
911week.png.jpg
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Re: 09/11/2020 Live Update

Postby Al_Dente » Fri Sep 11, 2020 1:41 pm

Al_Dente wrote:On the 60min, NYFANG printed a bullish divergence last night at the close

that has changed
NYFANG now at potential triple bottom
stay tuned
911trip bot fang.png.jpg
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 1:52 pm

Cash SPX, bulls still have a hope for a reversal, but one more sell before the lady shows up.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 1:56 pm

lots of -1000 tick, sooooo... bulls will have a hard time.
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Re: 09/11/2020 Live Update

Postby te_fern » Fri Sep 11, 2020 2:13 pm

Maybe a double bottom???
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Re: 09/11/2020 Live Update

Postby Cobra » Fri Sep 11, 2020 2:19 pm

Maybe a double bottom here, watch.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 2:32 pm

If bulls stay weak like this another half an hour, bulls will flee, RED Friday and RED Monday to follow is not something bulls want to hang around to see. just saying, I will be out and sleep well no matter what.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 2:42 pm

Last sell, same playbook. no new LL from here bears will pack up and leave. new LL will be dangerous today.
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Re: 09/11/2020 Live Update

Postby Mr. BachNut » Fri Sep 11, 2020 2:43 pm

BachNut Friday afternoon edition...

NYMO cycle is still down.
However, the low was a few days ago and landed in the Turn Zone.
Maybe the low is in but NYMO is still weak.

Price has closed some gaps and has tagged the middle keltner and 50 MA.
We are in a gap sandwich between SPX 3426.96 and 3306.51.
Got close to that lower gap, but did not close the deal... yet.
There is also a positive NYMO divergence where price has hit new lows, but NYMO has not.
So, maybe a bounce on deck soon.

I am still short an R2K runner.
I shorted SPX for 2 scales. The runner got stopped the other day at breakeven.
I may consider reloading on a rally but have to see what happens.

NYMO 091120b.jpg
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 2:44 pm

Wishful thinking, I am on the Red team.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 3:09 pm

Bulls need this MA support, it gonna hurt if not.
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Re: 09/11/2020 Live Update

Postby BullBear52x » Fri Sep 11, 2020 3:19 pm

Day trade: what I did last move was taking out half, and let the other half runs with stop at 3333 ES Dec.

I have fun today, Peace!
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Re: 09/11/2020 Live Update

Postby Al_Dente » Fri Sep 11, 2020 3:35 pm

traders have been shorting the fangs since 9/3
but they needed a fresh high here on FNGD and they didn't get it yet
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Re: 09/11/2020 Live Update

Postby Cobra » Fri Sep 11, 2020 3:37 pm


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