Back to www.cobrasmarketview.com

05/10/2018 Live Update

fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:VIX 50w holds… VIX inches up.. indexes still push a little..
caution TLT heats up.. pops up fast over 20d SMA.. look to 50d.. someone is getting nervous :roll:
TLT trying to hammer it off the 200w again
Attachments
Screen Shot 2018-05-10 at 10.15.11 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
slow bleed...
Attachments
Screen Shot 2018-05-10 at 10.46.39 AM.png
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
slow bleed...
/CL spikes into the pit close.. SPX up
Attachments
Screen Shot 2018-05-10 at 11.10.23 AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/10/2018 Live Update

Post by Trades with cats »

ES 06-18 (2000 Tick) 2018_05_10.png
2000 Tick view of today. Please note to compensate for the lack of volume I am back to showing the bars when they happen. So closer means more action as in the first 30 minutes of the day.

Note we are approaching R2 for the second time and once again it is giving resistance. Also note how close we got to VWAP and the Mid on the pullback. VWAP dot dash, daily mid dash dash, both for Regular Trading Hours.

The 20 period EMA is now surrounded by mean absolute deviation bands instead of a Keltner, Seems to track a small amount better.

In the boxes:
The efficiency ratio is thinking about going to sell. Balanced momentum is on mild sell (Navy line at 0), Williams %R is neutral but rolling over. The zero lag oscillator has not flipped to sell but it got real close with three black bars. Finally the ADX shown as a histogram is declining while the +_ Directional Indicators (green and red) indicate directionless market barely above my arbitrary chop threshold of 15.

Comment on stops. I think most price action traders would have seen the long tailed doji at R2 as a clear message to exit the trade for now. However two bars later price dropped through the EMA 20 and triggered the trailing stop. That stop is FatTails super trend (available for free) using the 6 bar median for the baseline average with a 12 period ATR (Wilders formula) with a 2.0 offset. That stop has been under the up move since 9:30 last night Eastern time. :)
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
slow bleed...
/CL spikes into the pit close.. SPX up
slippage continues… after the pit close
Attachments
Screen Shot 2018-05-10 at 11.41.22 AM.png
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2018 Live Update

Post by Cobra »

rebounding from 15 min ema20. I know it's difficult to hold here but if you spotted the uptrend day earlier like I did, you should have made enough.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
slow bleed...
/CL spikes into the pit close.. SPX up
slippage continues… after the pit close

sloppy H&S not sure.. need VIX to move.. bonds pressing HOD again TLT >20d SMA
Attachments
Screen Shot 2018-05-10 at 11.50.59 AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/10/2018 Live Update

Post by Trades with cats »

30 minute chart working on a dragonfly doji :o
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/10/2018 Live Update

Post by Trades with cats »

Tick chart (about 3 minute bars) showing price in a range between R2 and VWAP. Other time frame traders not coming in with big buy orders.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/10/2018 Live Update

Post by Trades with cats »

major battle at R2. Biggest volume spike since opening 30 minutes and price isn't able to stay above that R2 level.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2018 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58269
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/10/2018 Live Update

Post by Cobra »

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

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply