10/30/2017 Live Update

[Cobra]

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the pullback might be bought.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/10 ... ay-update/

[Trades with cats]

[Trades with cats]

Stalling at the overnight London/Frankfurt highs.

[brokebybernacke2]

btfd...
fed chair dovey dove annoucement this week...

[Trades with cats]

btfd...
fed chair dovey dove annoucement this week...

I would call it dovey continuity
Still PBoC and ECB are in the driver's seat for now.
But I do totally agree the algos will spike the market when the announcement is made.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2017/10 ... ay-update/

[Cobra]

morning hourly hollow red.

[daytradingES]

oil specs.png

It would be interesting to see that chart overlayed with CL price at a close enough timing to see if they move after the price rise to increased their positions.

[fehro]

AAPL doing the heavy lifting today.. VIX still green.. bonds green VXX red

[Wallstreetrader]

GM

let's keep these on eye
http://www.independent.co.uk/news/world ... 27451.html

[Trades with cats]

RTY the R2K futures revisiting the days low for the third time.

[Trades with cats]

RTY at new low of day, will the big caps follow? they are getting close!

[Cobra]

wow, bad news. this bear may have legs.

[Trades with cats]

ES 15 minute with 5 day volume profile

2567 is the 20 day ADR low, as well as being a major trading area. Note the empty profile down to 2560.
Is this 10/25 Deja Vu or will we see something new?
I added a day of week comparative volume to the bottom. Not sure if it helps or not. It does show that so far this is not 10/25 part II.

[Cobra]

members only update at 11:56 am
http://www.cobrasmarketview.com/2017/10 ... ay-update/

[te_fern]

The Ticks went negative around 11:00 (fell thru the MA line").

[fehro]

wow, bad news. this bear may have legs.

As Bloomberg reports, House tax writers are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want -- a schedule that would have the rate reach 20 percent in 2022, according to a member of the chamber’s tax-writing committee and a person familiar with the discussions.

Under that plan, the rate may be reduced from its current 35 percent rate by three percentage points a year starting in 2018

http://www.zerohedge.com/news/2017-10-30/stocks-slammed-disappointing-gradual-tax-cut-headlines will find out Wed when the plan is released. with FOMC rate announcement ..and Trump announces FOMC chair Thursday.. buckle up

[Al_Dente]

House: corporate tax cuts may be enacted "gradually" reaching 20% in 2022.
SPY and Smalls: that sucks

[te_fern]

bounced off the first support pivot a couple times and now heading lower. Will it reach the 2nd support pivot?