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09/05/2017 Live Update

Re: 09/05/2017 Live Update

Postby Trades with cats » Tue Sep 05, 2017 10:44 am

Forth kiss of overnight low opened up the drop. Are we going to close the gap from last Thursday?
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Re: 09/05/2017 Live Update

Postby Trades with cats » Tue Sep 05, 2017 10:50 am

ES 09-17 (15 Min)  9_5_2017.jpg

Les yapping more pictures !
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 11:13 am

Junior Buffett wrote:Cryptocurrencies

Hello Everyone, I would like to invest in CryptoCurrency such as Bitcoin, Liteconin etc. Anyone here play this currencies and what is their view on this new market segment.

I know if you would have invested $ 100 in Bitcoin back in 2011, you would have been seating on $ 70 million!!!!!!! :shock: :shock: I know I missed the boat for those monster gain but still long way to go and hoping that it will fall back sometime to go long.

Looking forward to hear your voice.

Thanks


mind the trend lines….
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 11:25 am

fehro wrote:SPX/SPY takes out LOD.. looking for Thurs' gap fill 2457ish / 246 ish

SPX possible H&S 5m not sure.. LOD goes, Thurs gaps fills. look to 2449ish SPX


SPX at Thurs' open gap.. mind the confluence of 20d/50d 2453ish.. just 9 points lower than LOD
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Re: 09/05/2017 Live Update

Postby te_fern » Tue Sep 05, 2017 11:31 am

TICK fell below MA lines this morning...
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 11:36 am

fehro wrote:mind the shooting stars..


not pretty candles .. party coming to a close? :roll: :) :lol: supposedly.. saw a headline over the weekend.. last week was the best week of 2017 for the indexes.. fwiw
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Re: 09/05/2017 Live Update

Postby Trades with cats » Tue Sep 05, 2017 11:39 am

VIX up, Bonds down and the SPX didn't trigger the stops on the way to a new high. Not a good start to the week for bulls. At this point it is looking like that end of the month move was an engineered ramp job using all that ETF money entering the markets to squeeze the shorts. Now that the monthly chart readers are safely back at their desk jobs two way trading can resume as we await the actions of the de facto world government with the FOMC
and ECB both on deck. :)
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 11:48 am

Trades with cats wrote: Bonds down...


? bonds testing last weeks HOW, TLT takes out last weeks highs
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Re: 09/05/2017 Live Update

Postby Shaishen » Tue Sep 05, 2017 11:53 am

Junior Buffett wrote:Cryptocurrencies

Hello Everyone, I would like to invest in CryptoCurrency such as Bitcoin, Liteconin etc. Anyone here play this currencies and what is their view on this new market segment.

I know if you would have invested $ 100 in Bitcoin back in 2011, you would have been seating on $ 70 million!!!!!!! :shock: :shock: I know I missed the boat for those monster gain but still long way to go and hoping that it will fall back sometime to go long.

Looking forward to hear your voice.

Thanks



Scams happen everyday in highly regulated areas. Reliance on gov and regulation makes people lazy, complacent, no DD required.
Anything new (and most people having basically no clue how it works but only hear about stratospheric price surge) attracts shady hustlers. (dot com bubble)

plenty crypto info available, so much it makes you overthink.

Crypto "investors" still in the mindset to use fiat to buy crypto to eventually sell crypto at higher fiat exchange, hence the missed boat sentiment.
I bought a small amount BTC a long time ago not really understanding the concept but wanting to find out with skin in the game. Sure last week at 5K BTC to fiat USD I would have made a great return.

Imo the idea is to participate in a crypto economy, use your crypto to buy stuff.

Of course you can trade crypto just like forex, just a little more volatile. :shock:

.
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 11:56 am

Shaishen wrote:Of course you can trade crypto just like forex, just a little more volatile. :shock:

.


yup especially when one index shows and trades at $10 difference.. Litecoin.. last week.. could of bought at one exchange.. and sold at the other exchange for an instant 10% profit… :roll: :lol: :lol: :roll:
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Re: 09/05/2017 Live Update

Postby Cobra » Tue Sep 05, 2017 12:02 pm


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Re: 09/05/2017 Live Update

Postby te_fern » Tue Sep 05, 2017 12:05 pm

Heading lower...
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Re: 09/05/2017 Live Update

Postby Trades with cats » Tue Sep 05, 2017 12:08 pm

Volume profile gap on my chart is closed. Looking like a full reversal of last weeks gap and go is on the table. Both ES and TF at the ADR 20 day average low end which usually defines the bottom of a down day.
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Re: 09/05/2017 Live Update

Postby fehro » Tue Sep 05, 2017 12:11 pm

fehro wrote:
fehro wrote:SPX/SPY takes out LOD.. looking for Thurs' gap fill 2457ish / 246 ish

SPX possible H&S 5m not sure.. LOD goes, Thurs gaps fills. look to 2449ish SPX


SPX at Thurs' open gap.. mind the confluence of 20d/50d 2453ish.. just 9 points lower than LOD


almost there…. Thurs' gap filled… 20d.50d just couple more points lower :roll:
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Re: 09/05/2017 Live Update

Postby Cobra » Tue Sep 05, 2017 12:12 pm

100% mm exceeded, this bear may still have legs.
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Re: 09/05/2017 Live Update

Postby brokebybernacke2 » Tue Sep 05, 2017 12:15 pm

fehro wrote:
fehro wrote:
fehro wrote:SPX/SPY takes out LOD.. looking for Thurs' gap fill 2457ish / 246 ish

SPX possible H&S 5m not sure.. LOD goes, Thurs gaps fills. look to 2449ish SPX


SPX at Thurs' open gap.. mind the confluence of 20d/50d 2453ish.. just 9 points lower than LOD


almost there…. Thurs' gap filled… 20d.50d just couple more points lower :roll:


well well, must have poked the bears! 50 ma right around 2453...bounce soon..nice call!
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Re: 09/05/2017 Live Update

Postby Trades with cats » Tue Sep 05, 2017 12:20 pm

ES knocking on the door of the 50% retrace of last weeks up move. Center of balance (POC) for last two weeks in that 2445 area.

Looking like small caps want to resume downside leadership after a very positive week. If you see them as a proxy for the Bloomberg most shorted index then it is another data point reinforcing the theory that last week was all about manipulation and not really a sustainable bull move. Waiting for bull price action to disprove that theory.
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Re: 09/05/2017 Live Update

Postby brokebybernacke2 » Tue Sep 05, 2017 12:23 pm

fehro wrote:
fehro wrote:
fehro wrote:SPX/SPY takes out LOD.. looking for Thurs' gap fill 2457ish / 246 ish

SPX possible H&S 5m not sure.. LOD goes, Thurs gaps fills. look to 2449ish SPX


SPX at Thurs' open gap.. mind the confluence of 20d/50d 2453ish.. just 9 points lower than LOD


almost there…. Thurs' gap filled… 20d.50d just couple more points lower :roll:


still think cup handle, but here bearish vantage point...
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Re: 09/05/2017 Live Update

Postby Al_Dente » Tue Sep 05, 2017 12:27 pm

NY declining stocks = 2.6 x advancing stocks
NY declining volume = 1.7 x advancing volume

Nasdaq declining stocks = 2.2 x advancing stocks
Nasdaq declining volume = 3 x advancing volume
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Re: 09/05/2017 Live Update

Postby daytradingES » Tue Sep 05, 2017 12:29 pm

From ZH

Such a conflict would cripple North Asia’s production and refining capacity, the consultancy said. Some 65 percent of Asia’s crude oil refining capacity is located in China, Japan, and South Korea, so the effects of an open war would be far-reaching and potentially long-lasting. The most pressing question, then, is how likely such an open conflict is.
Good trading to all
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