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08/22/2017 Live Update

Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 11:39 am

fehro wrote:
fehro wrote:
fehro wrote:RUT weakens.. bonds holding oLOD.. still have index gap fill potential.. not sure yet


nibble again.. short SPX 2442.75


SPX 5m possible expanding wedge.. red.. looking to lower lows 2415ish.. next lower gap… not sure…. if not cyan channel.. upper edge near 50d SMA


50d it is.. almost there 3 points higher 2450.2ish .. stopped out again.. too early :roll:
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Re: 08/22/2017 Live Update

Postby Trades with cats » Tue Aug 22, 2017 11:46 am

ES 09-17 (10000 Tick)  8_22_2017B.jpg


Classic bounce to the 50% retracement of the last drop. I see a really skinny area on last week's volume profile up to the 76% level. Just a coincidence but the first drop this month was retraced to that level. Not forecasting a repeat but it certainly is setting up.
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Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 12:09 pm

SPX almost at 50d.. just a point short
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Re: 08/22/2017 Live Update

Postby te_fern » Tue Aug 22, 2017 12:19 pm

VIX has remained pretty quiet today....
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Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 12:22 pm

3rd time a charm? :roll: nibble short.. 2448.50 SPX
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Re: 08/22/2017 Live Update

Postby Trades with cats » Tue Aug 22, 2017 12:29 pm

ES hit the 20 day ADR high 2448.25 and reversed. So, at least so far this is not an unusually big move day. Statistically the odds favor the high for day is in.
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Re: 08/22/2017 Live Update

Postby Cobra » Tue Aug 22, 2017 12:32 pm

the pullback will be bought
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Re: 08/22/2017 Live Update

Postby Al_Dente » Tue Aug 22, 2017 1:05 pm

20 days, five min
822all.png
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Re: 08/22/2017 Live Update

Postby Cobra » Tue Aug 22, 2017 1:32 pm

bias is up.
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Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 1:35 pm

WH on lockdown… news coming - unattended package left at fence.. fwiw.
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Re: 08/22/2017 Live Update

Postby brokebybernacke2 » Tue Aug 22, 2017 3:06 pm

fehro wrote:WH on lockdown… news coming - unattended package left at fence.. fwiw.

https://www.washingtonpost.com/local/pu ... 515e527b39

stray amazon box :lol:
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Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 3:18 pm

brokebybernacke2 wrote:
fehro wrote:WH on lockdown… news coming - unattended package left at fence.. fwiw.

https://www.washingtonpost.com/local/pu ... 515e527b39

stray amazon box :lol:


:lol: :lol: from Jeff Bazo… a drone drop off.. :lol:
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Re: 08/22/2017 Live Update

Postby Daniel » Tue Aug 22, 2017 3:33 pm

Classic gap and go trend day on SPY. "All bulls need is imagination" - Cobra

There's still too much liquidity, and competing instruments are still so paltry in their yields. It is hard to imagine where to put cash even if an equity manager wanted to raise cash levels. This adds to the resilience of the bull uptrend, which, even tho it's weakening, is still dangerous to short.

EOD, BPSPX renko and BPNDX renko came into the day still on late July SELL signals, as pointed out by Al D. in the Cobra weekend update. But the old bull still has some pop and snort in him.

:|
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Re: 08/22/2017 Live Update

Postby Cobra » Tue Aug 22, 2017 3:46 pm


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Re: 08/22/2017 Live Update

Postby fehro » Tue Aug 22, 2017 3:49 pm

20d/50d > closes.. bulls happy :)
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Re: 08/22/2017 Live Update

Postby Daniel » Tue Aug 22, 2017 3:49 pm

XLF hod into the close, and tagging (from below) the (still downslope) 15min 200ema.

First time since last Thursday.
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Re: 08/22/2017 Live Update

Postby brokebybernacke2 » Tue Aug 22, 2017 3:50 pm

Daniel wrote:Classic gap and go trend day on SPY. "All bulls need is imagination" - Cobra

There's still too much liquidity, and competing instruments are still so paltry in their yields. It is hard to imagine where to put cash even if an equity manager wanted to raise cash levels. This adds to the resilience of the bull uptrend, which, even tho it's weakening, is still dangerous to short.

EOD, BPSPX renko and BPNDX renko came into the day still on late July SELL signals, as pointed out by Al D. in the Cobra weekend update. But the old bull still has some pop and snort in him.

:|


sure does- but if i were a sadistic bear, i'd pull the rug right here...
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Re: 08/22/2017 Live Update

Postby Cobra » Tue Aug 22, 2017 3:54 pm


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Re: 08/22/2017 Live Update

Postby Cobra » Tue Aug 22, 2017 3:56 pm

well, guess that's it for today. Wednesday tomorrow has been bull friendly. thank you guys, I'll see you tomorrow.

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Re: 08/22/2017 Live Update

Postby Trades with cats » Tue Aug 22, 2017 4:06 pm

ES really overshot the 20day ADR high , I was surprised by the strength. But the Small Caps TF futures didn't come close. So I am suspicious of what is going on. We have now had two days of crazy buying in oil because of some press release that later on (when human traders take over) gets reversed. So I see a day like today and wonder if the algos are behind this move in the S&P the way they were in oil. ES bounced twice at this level last Thursday morning and when it failed to hold it dropped the rest of the day. So today we failed to get above that level again, and we are in the correct range for the next wave down. I guess in a day or two we learn if this will be a five wave drop or if it was just an ABC correction before the next sequence up to higher highs propelled by the words of the Central Bankers later in the week. :)
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