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11/15/2017 Live Update

11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 10:23 am

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testing support.
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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 10:26 am


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Re: 11/15/2017 Live Update

Postby Trades with cats » Wed Nov 15, 2017 10:35 am

Overnight volume was 3x typical. Asian markets sold off and then London/Frankfurt traders sat on their hands. My feeds say it was all caused by adding health care to the tax bill.
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Re: 11/15/2017 Live Update

Postby fehro » Wed Nov 15, 2017 10:47 am

look out below!
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 10:58 am

Several people have said that 2566 was important support, so we maybe in new territory here. A correction???
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 11:01 am

I was upset yesterday about the bots taking me out of my day trade. Any thoughts I had about not using a stop loss should be set aside after this morning!!
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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 11:01 am


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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 11:09 am

A little longer time period for the 2566 support we just broke. Also, can see a H&S formation.....
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 11:10 am

I would guess that we will bounce back to the bottom of the box and then we can see what will happen...
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Re: 11/15/2017 Live Update

Postby Mr. BachNut » Wed Nov 15, 2017 11:12 am

Mr. BachNut strolling in with a post.

NYMO has been in a decline since September 1 while price has marched relentlessly higher until the last few days.
All models are wrong, but some are useful.
I have not posted NYMO for a while because it has been absurd.

Today is noteworthy however, because NYMO has reached the Turn zone.
The oversold zone is still a ways below, but it is fair to start looking for a turn up in the days ahead.

It would not surprise me to see a bounce followed by a lower low tag of the middle keltner with a positive NYMO divergence at some point.
Some key down gap targets are being hit this morning. We now have additional targets above and below.

I have been short the Russell 2000 for a while having scaled out and with just a runner on now.
I missed an SPX short entry Monday night that would have scaled back this morning.
Next trade could be long or re-loading short a bounce.
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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 11:14 am

the rebound should fail. don't expect another reversal up day again. but well, never underestimate the power of bull side...
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Re: 11/15/2017 Live Update

Postby brokebybernacke2 » Wed Nov 15, 2017 11:25 am

Should be another lower low coming in few days, will consider a buy there.
I see no bull worries until sp crosses 2507 on the down, then maybe a bead of sweat from bulls..
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Re: 11/15/2017 Live Update

Postby Trades with cats » Wed Nov 15, 2017 11:27 am

RTY 12-17 (300 Tick) 2017_11_15.png

Smalls are finally marching in sync with the big cap index. Successfully reversed that Asian negativity of last night. :lol:
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Re: 11/15/2017 Live Update

Postby fehro » Wed Nov 15, 2017 11:29 am

fehro wrote:look out below!

mind the 50d on SPX 2542.. RUT very key support near here summer highs… but 200d is dangerously close… loose 1440 level 200d 1415ish
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 11:34 am

Almost back to the bottom of the box. My guess is we head back lower, as several have already said on the board!!
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Re: 11/15/2017 Live Update

Postby johnnywa » Wed Nov 15, 2017 11:41 am

Bears are toast
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Re: 11/15/2017 Live Update

Postby Trades with cats » Wed Nov 15, 2017 11:52 am

S1 pivots are a very big issue this morning
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Re: 11/15/2017 Live Update

Postby Trades with cats » Wed Nov 15, 2017 11:53 am

Any body get a winning lotto ticket, I mean short Target before earning today?
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Re: 11/15/2017 Live Update

Postby fehro » Wed Nov 15, 2017 12:04 pm

Mind all the island tops… SPX, AAPL 60m …. not pretty.. looking for nLODs
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 12:13 pm

Well, back in the box! What do I know! LOL!!
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