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10/19/2017 Live Update

Re: 10/19/2017 Live Update

Postby fehro » Thu Oct 19, 2017 2:13 pm

Al_Dente wrote:RUT, daily
This is a “bull flag”
Technically, at what point would it stop being a bull flag? When it moves below what?
(serious TA question)


when it just a retest? fwiw .. not sure.. don't like the "shape" of that flag… shallow, and not steep enough ? .. yeah I know.. it's more art than science :roll: :lol:
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Re: 10/19/2017 Live Update

Postby Al_Dente » Thu Oct 19, 2017 2:20 pm

fehro wrote:
Al_Dente wrote:RUT, daily
This is a “bull flag”
Technically, at what point would it stop being a bull flag? When it moves below what?................

when it just a retest? fwiw .. not sure.. don't like the "shape" of that flag… shallow, and not steep enough ? .. yeah I know.. it's more art than science :roll: :lol:

thanks boss :D
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Re: 10/19/2017 Live Update

Postby Cobra » Thu Oct 19, 2017 2:32 pm

testing ema20, might be some buyers.
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Re: 10/19/2017 Live Update

Postby Al_Dente » Thu Oct 19, 2017 3:03 pm

HAPPY HOUR
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Re: 10/19/2017 Live Update

Postby Daniel » Thu Oct 19, 2017 3:33 pm

Cobra wrote:testing ema20, might be some buyers.

Will we see a gap fill before the close?
:|
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Re: 10/19/2017 Live Update

Postby te_fern » Thu Oct 19, 2017 3:40 pm

The moving averages have crossed back positive....
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Re: 10/19/2017 Live Update

Postby Daniel » Thu Oct 19, 2017 3:47 pm

Note, on Cobra's basic Yong Pan chart, the 5min StockCharts SPY: for days now the volatility adjusted graphic has been showing 5 cent price intervals-- on a $250 security! Which has been known to fluctuate 1% in a day, quite normally.

To put it more quantitatively, and less intuitively-visually, here is a tidbit courtesy of Rob Hanna of Investiquant, and the Quantifiable Edges blog:

(referring to Wed, 10/18) ..For the 2nd day in a row, on a percent basis SPY posted the tightest 5-day and 10-day ATRs of all time (dating back to the SPY inception in 1993).

Two days in a row of a historical measure of extremeness! Alltime records are always worth paying attn to, imo.

:)
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Re: 10/19/2017 Live Update

Postby Daniel » Thu Oct 19, 2017 3:53 pm

Daniel wrote:Will we see a gap fill before the close?

Amazing that the SPY price has hovered in about a ten cent range the last hour--usually so close to a market inflection point like a widely-watched MA, or the prior day close, price will jump to it... and then react from there...
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Re: 10/19/2017 Live Update

Postby Wallstreetrader » Thu Oct 19, 2017 3:56 pm

The markets has a virus called "Buy" :mrgreen: :mrgreen:
Bull Market No dought !
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Re: 10/19/2017 Live Update

Postby Cobra » Thu Oct 19, 2017 3:56 pm


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Re: 10/19/2017 Live Update

Postby Cobra » Thu Oct 19, 2017 3:57 pm

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

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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Re: 10/19/2017 Live Update

Postby Daniel » Thu Oct 19, 2017 3:59 pm

Ah. There it is. SPY green.
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