09/01/2015 Live Update

[Al_Dente]

NYSE invoked Rule 48 before the open
I better bone up on that rule:
“The S&P 500 has a median return of negative 1.14 percent on days that Rule 48 has been invoked, according to data from…”
“With the call this week and three last week, Rule 48 has been invoked 77 times its creation…The majority of occurrences were during the … financial crisis: That includes 35 times in 2008, nearly half of its total uses. There's just a handful of times its been invoked three times in a row and hasn't been called four times in two weeks since October 2008.”
http://www.cnbc.com/2015/09/01/how-to-t ... le-48.html


“Unlike a circuit breaker that stops stock trading, Rule 48 speeds up the opening by suspending the requirement that stock prices be announced at the market open.
To invoke Rule 48, an exchange would have to determine that certain conditions exist that would cause market disruptions. Those conditions include:
- volatility during the previous day's trading session
- trading in foreign markets before the open
- substantial activity in the futures market before the open
- the volume of pre-opening indications of interest
- government announcements”
More here plus full text of the rule:
http://www.cnbc.com/2015/08/24/rule-48- ... arket.html

"And in what was quite likely a first for hidden stock exchange protocols—Rule 48 was trending on Twitter."

[Unique]

mini rebound target. exceeds it then bears are over for today.

Cobra, please do not summon the bulls! I buy you drinks tonight in Toronto, I'm old enough now
Keep it a 5m 20ema bear train/15m 8ema

[Unique]

Somebody's on crack... SPY p-bar @ 209.215

[MrMiyagi]

Somebody's on crack... SPY p-bar @ 209.215

spy

qqq

[Unique]

Somebody's on crack... SPY p-bar @ 209.215

1597.png

1598.png

Better post them faster or I'm gonna put you out of the phantom bar business MrMiyagi!

[MrMiyagi]

Better post them faster or I'm gonna put you out of the phantom bar business MrMiyagi!

I'll find you......

[uempel]

Update:

[MrMiyagi]

china

1596.png (8.01 KiB) Viewed 3069 times

[Cobra]

now 2nd test of day low, key time. I don't think it'd be double bottom though.

[Unique]

AAPL, AMZN, GOOGL, NFLX all lower lows intraday. This is getting real good

[fehro]

SPX

[Unique]

ES: Still a confirmed 1HR 20EMA bear train.

But you know bears are in business if this becomes a 1HR 8EMA bear train instead.

Key time still. Very anxious to see where to close today.

[fehro]

"possible" minor bullish falling wedge SPX 5m

[Unique]

SPX paints even a clearer picture in terms of fib retracement.

Bulls cannot fail here at 61.8% fib...SPX 1915.3

[Cobra]

hmm, possible double bottom.

[MrMiyagi]

hmm, possible double bottom.

Don't tease me like that you Snake..

[Unique]

This is probably the highest probability bull entry for today's session right now 1922.

Risk 3-5 for 10-15, so target = 1930-1937~
Tier B setup at best.

[Unique]

This is probably the highest probability bull entry for today's session right now 1922.

Risk 3-5 for 10-15, so target = 1930-1937~
Tier B setup at best.

Current 15m candle is pretty important since last candle was top wick and trapped a bunch of front running bulls...

[mozart]

Its downtrend from here, we might see bounce here and there, but market has crossed into downtrend mode.

[MrMiyagi]

Current 15m candle is pretty important since last candle was top wick and trapped a bunch of front running bulls...

1min topped, 5min topping.