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09/16/2020 Live Update

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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Now it's no longer a bull flag to me. The sudden push up apparently was just a news. We're back into the range which may last till the 2 pm roller coaster show.
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Can anyone explain why $IWM and $RSP are strong today? Could it be money flow out of high tech into small stocks which is a sign of confidence in the future economy?

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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

Only pajama warriors made money on the buy side since the low. not healthy, expiry hedge, Friday to next week will be weak.
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

Time for Fed to help Joe on the street, not Joe on wall street. raising interest rate and let the market cool down a little. Bears are on a driver seat as long as we trade under 38.2%, Text book.
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

ES, a good run with MA support during this dead cat bounce, Fed or no Fed, a trade under will be another fast one to ride on.
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Al_Dente
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Re: 09/16/2020 Live Update

Post by Al_Dente »

The 10 fangs are not as weak as we think
SPX and QQQ are up against 38% retracement resistance
The triple top on SPX suggests a breakout
The lower high on QQQ suggests no breakout
But the 10 fangs already cleared the 38%. If they can stay above that, it will give bulls hope
916sixty.png.jpg
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

Fed minutes Play:
sell order at 3425
Buy order at 3350
one active sell lot atm.

Bring it on Algo.
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Al_Dente
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Re: 09/16/2020 Live Update

Post by Al_Dente »

The 10 fangs ($NYFANG) on the 15min
(pink ma approximates the 5dma)
916fang2.png.jpg
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Al_Dente
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Re: 09/16/2020 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Bouncing from the range low, 5 min to roller coaster show...
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Guess the show was over, bulls won again.
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

BullBear52x wrote:I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa
FOMC day usually close weak so maybe the weak close already started... :mrgreen:

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JFR
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Re: 09/16/2020 Live Update

Post by JFR »

ES 5 minutes. Nice roller coaster today. Up. Down. Up. Down. Up. I have a handful of plays running but quiet after the first hour. From the tablet ...

Screenshot_20200916_114359.jpg
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Generally this pullback should be bought
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

heading to my buy at 3350?
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Kind of 3 push up so usually the pattern thereafter should be like dashed blue line illustrated.
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BullBear52x
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Re: 09/16/2020 Live Update

Post by BullBear52x »

Cobra wrote:
BullBear52x wrote:I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa
FOMC day usually close weak so maybe the weak close already started... :mrgreen:
Bulls can not afford a weak closed. ES here. projection not confirm down channel yet.
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Back to the range low, not looking good to me (break down likely).
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Cobra
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Re: 09/16/2020 Live Update

Post by Cobra »

Testing the yesterday's low now...
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