08/02/2017 Live Update

[Wallstreetrader]

Long Dax again playng possible db

Why long :

[Trades with cats]

3rd day the Smalls have hit the ADR low by 10:30 ish. Can Da Boy'z pull off a hat trick and get us back to green by the close?

[Wallstreetrader]

Gm

Dax Bull Flag ?

or top of a 2-3 week upper channel?

Or swing day...

yesterday i sold my dax longs to early, today give me the enter opportunity didn't hesitate...

[fehro]

Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. SPX 2474 goes look out below…. H&S 60m

dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

cover a portion here 2469.75

[johnnywa]

3rd day the Smalls have hit the ADR low by 10:30 ish. Can Da Boy'z pull off a hat trick and get us back to green by the close?

That would be amazing

[fehro]

Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. SPX 2474 goes look out below…. H&S 60m

dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

typo.. *should say neckline 2464

[fehro]

RUT at 50d SMA.. key time TRANsports near 200d SMA

[Daniel]

IWM still has that major support around 141.
BTFD until proven otherwise!

IWM has clearly proven otherwise, slicing right thru with authority. Interestingly, tho, QQQ at least for now still holding obvious support at 143. Again, divergence.

[Wallstreetrader]

look like bulls are in give up ...

[fehro]

RUT at 50d SMA.. key time TRANsports near 200d SMA

RUT<50d TRAN @ 200d outside reversal candles.. ugliness..

[Trades with cats]

TF 10 day average daily range 12.1
20 day average daily range 12.7
todays range so far 19.5

if this isn't a turning point I don't know what is.
Oh, the last and first days of the month other time frame trading nonsense is behind us and after two days of catching a falling knife successfully kinda wondering if today they get cut.

[fehro]

Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. SPX 2474 goes look out below…. H&S 60m

dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

cover a portion here 2469.75

cover last here + 2467.75

[Daniel]

GLD holding above 120, enjoying ongoing dollar weakness.

So far UUP holding $24 (curr 24.06)

[Daniel]

cover a portion here 2469.75
cover last here 2467.75

Nicely done, Fehro! No guts, no glory.

[fehro]

Index still very dangerous.. bearish rising wedges on the futs, IWM gaps down red.. SPX 2474 goes look out below…. H&S 60m

dabble short 2477.5 SPX Bonds nHOD, VIXes flat.. /NQ weakens

typo.. *should say neckline 2464

better support at 2464.. almost there.

[Trades with cats]

Morning Ramp Express running on time today from 11 to 11:30

[fehro]

cover a portion here 2469.75
cover last here 2467.75

Nicely done, Fehro! No guts, no glory.

thanks! reload short here… SPX testing yLOD from underneath.. not as safe.. 2470.25 - resistance

[Cobra]

looks like it's up and up and up till close again.

[Trades with cats]

ES VWAP 1 handle above yesterday low, second test in 15 minutes. If 2469 holds then the upward New York Drift is on.

[fehro]

cover a portion here 2469.75
cover last here 2467.75

Nicely done, Fehro! No guts, no glory.

thanks! reload short here… SPX testing yLOD from underneath.. not as safe.. 2470.25 - resistance

LODs go on SPX and indexes look for a possible sharp drop to 2440-38ish open gap