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05/08/2018 Live Update

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Cobra
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05/08/2018 Live Update

Post by Cobra »

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the pullback should be bought if not already being bought.
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fehro
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Re: 05/08/2018 Live Update

Post by fehro »

/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04
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Screen Shot 2018-05-08 at 6.15.19 AM.png
Screen Shot 2018-05-08 at 6.21.52 AM.png
Last edited by fehro on Tue May 08, 2018 9:28 am, edited 1 time in total.
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Cobra
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Re: 05/08/2018 Live Update

Post by Cobra »


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fehro
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Re: 05/08/2018 Live Update

Post by fehro »

DXY USdollar keeps moving up.. nears key resistance .. over it has room… mind /GC gold 200d/50w 1306/1299 very key.. those go look for sharp drop in gold
mind /CL oil.. dollar will add to Iran deal pains..on /CL's drop, dollar's push
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Screen Shot 2018-05-08 at 6.13.41 AM.png
1der
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Re: 05/08/2018 Live Update

Post by 1der »

This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
fehro
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Re: 05/08/2018 Live Update

Post by fehro »

1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL
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Screen Shot 2018-05-08 at 6.39.31 AM.png
te_fern
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Re: 05/08/2018 Live Update

Post by te_fern »

Ok, I've jumped into the short end of the pool... :D
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SPXS.PNG
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te_fern
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Re: 05/08/2018 Live Update

Post by te_fern »

Need the SPXS above to break through that R1 pivot...
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Trades with cats
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Re: 05/08/2018 Live Update

Post by Trades with cats »

Most likely scenario was a drop to ES 2662 then a move up to 2672. Down scenario was a jerky ride getting to 2649 to 45, an attempt to move up and a possible lower low of 2643. So we will see.
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Cobra
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Re: 05/08/2018 Live Update

Post by Cobra »


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Re: 05/08/2018 Live Update

Post by Trades with cats »

Overnight low (OK earlier morning low) ES 2658.50 or 2 points lower. That is my line in the sand.
te_fern
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Re: 05/08/2018 Live Update

Post by te_fern »

Took out the pivot, now need room to raise my stop loss to breakeven...
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Cobra
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Re: 05/08/2018 Live Update

Post by Cobra »

possible mm
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fehro
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Re: 05/08/2018 Live Update

Post by fehro »

fehro wrote:/ES mind the possible sloppy H&S (or bull flag) .. which matches SPX .. Mind SPX morning gap and the "brick wall 2665-75" SPX opens at 20d SMA 2663.04
mind the 20d SMAs …. SPX INDU <20d ..TRANSports +105 points :roll: >20d at 50d
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Screen Shot 2018-05-08 at 6.55.56 AM.png
brokebybernacke2
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Re: 05/08/2018 Live Update

Post by brokebybernacke2 »

fehro wrote:
1der wrote:This morning PBars - fwiw

AAPL 186.28 and 184.16
SPY 267.05 and 266.92
as per yesterday… not a pretty candle.. toppy, gravestone, shooting star.. buckle up on AAPL
Big Fruit is 15% of daq and 4% of sp. so long above 180 , big fruit ok. Market go nowhere without big fruit. trillion dollar company!
can see a bit higher with it but rsi getting stretched and r2 hit already...
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sc.png
brokebybernacke2
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Re: 05/08/2018 Live Update

Post by brokebybernacke2 »

tech leading the charge? backtest triangle, real breakout?
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sc (1).png
fehro
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Re: 05/08/2018 Live Update

Post by fehro »

SPX neckline / brick wall retest stalls here and LOD goes again look to 2645

/GC at 200d SMA DXY stalls after nHOD
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Screen Shot 2018-05-08 at 7.09.21 AM.png
te_fern
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Re: 05/08/2018 Live Update

Post by te_fern »

In a hole now. Will hold just a little longer before I cut my losses. Hate playing the short side!! :D
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SPXS.PNG
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Clueless
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Re: 05/08/2018 Live Update

Post by Clueless »

With the pending announcement at 2pm ET, it is going to be very difficult finding buyers. I believe very move up will be sold until that time. But expect more selling pressure 30-60mins before the announcement.
Then expect the market to flush if Trump comes out of the deal because it will create great uncertainty for a long time for the following reasons:
1) What is the path forward?
2) How will Iran react?
3) How will Iran's allies react?
4) Will Israel now have the green light to attack the Iran nuclear sites - specifically the Natanz facility?
5) North Korea can totally reverse the "good" face it has been trying to put on lately.
6) What to make the the Trump-Kim Jong-un Summit? Will it even take place after that?
...

Just too many unknowns to be a calm bull. Get ready for a wild ride because the market is about to get very volatile?
te_fern
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Re: 05/08/2018 Live Update

Post by te_fern »

Back to even. As clueless said this market is volatile! I'm still holding on!!
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