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07/10/2018 Live Update

Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 10:54 am

fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes
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Screen Shot 2018-07-10 at 7.54.15 AM.png
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 11:09 am

fehro wrote:
fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes
Attachments
Screen_Shot_2018-07-10_at_8_07_50_AM.png
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 11:42 am

minor H&S possible .. should we stall and fill morning gap
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Screen Shot 2018-07-10 at 8.41.22 AM.png
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Re: 07/10/2018 Live Update

Postby Trades with cats » Tue Jul 10, 2018 11:42 am

ES 09-18 (5 Minute) 2018_07_10 (9_29_51 AM).png

Clearly still lots of bets that this multi-day short squeeze (if that is what it is) has pretty much run out of juice. :o

Those yellow dots at the overnight high are an indicator called the D3 divergence spotter. I run it looking for price divergence to a little used indicator called the Divergence Oscillator developed by Candice Brown a decade or so ago as part of an effort to get to an automatic Elliot Wave system. Her oscillator manipulates and smooths a couple of EMA's. I am running it in the same panel as the DI as it gives pretty similar results. My only issue is when the +and - DI's snake dance above 15 (chop) the DO doesn't show the chop.
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 11:43 am

fehro wrote:minor H&S possible .. should we stall and fill morning gap


trying to hold mid June highs..
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Re: 07/10/2018 Live Update

Postby Cobra » Tue Jul 10, 2018 11:53 am


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Re: 07/10/2018 Live Update

Postby Trades with cats » Tue Jul 10, 2018 12:04 pm

ES 09-18 (2000 Tick) 2018_07_10 (9_55_20 AM).png

This is the 2000 tick chart I am using to learn price action. The indicators are training wheels. Maybe someday I will be in the peloton on price action like Cobra but not yet :)
Looking like the usual pattern of drifting higher after the euro zone close. Will see what happens in the power hour.

Wondering if the market is being helped by the Administration's panic over what their Iran oil sanctions are doing to gas prices ? Sec State clearly walking it back today.
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Re: 07/10/2018 Live Update

Postby Wallstreetrader » Tue Jul 10, 2018 12:13 pm

this is the fed guys they will not give up !
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Re: 07/10/2018 Live Update

Postby Trades with cats » Tue Jul 10, 2018 12:27 pm

Oil pro's now predicting that success (Iran exports at zero) will raise prices by $50.00 barrel with Saudi pumping full out. Sounds like a win win for Saudi and a pheric victory for the US.
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 12:47 pm

fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:mind yGAPs on all indexes.. look for possible fills



buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes
Attachments
Screen Shot 2018-07-10 at 9.47.22 AM.png
Screen Shot 2018-07-10 at 9.47.22 AM.png (28.22 KiB) Viewed 537 times
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 1:03 pm

Trades with cats wrote:Oil pro's now predicting that success (Iran exports at zero) will raise prices by $50.00 barrel with Saudi pumping full out. Sounds like a win win for Saudi and a pheric victory for the US.

mind the diamond top.. weekly bearish rising wedge.. stalls in this zone takes out May highs.. then got some downside potential
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Screen Shot 2018-07-10 at 10.02.27 AM.png
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Postby MrMiyagi » Tue Jul 10, 2018 1:03 pm

COME ON DAMMIT WE NEED MORE POWER!!!!
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Re: 07/10/2018 Live Update

Postby Trades with cats » Tue Jul 10, 2018 1:26 pm

Oil- it is summer drive season. Up next gulf hurricanes causing the platforms to shut down, tankers to shelter out at sea and refinery managers to get nervous. Worse yet we will soon see how the vacation season is going in all those new four door pickup trucks. Hedge funds (according to twitter) are all ready going short the December contract. As I posted earlier Sec State is walking back sanctions on Iran. This could get interesting as Ferho's charts show.
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Re: 07/10/2018 Live Update

Postby Al_Dente » Tue Jul 10, 2018 1:28 pm

Rob Hanna on QQQ
"What 3 Days Of Strong NASDAQ Breadth Suggests For Today"
[spoiler: downside edge]
http://quantifiableedges.com/what-3-day ... for-today/
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 1:31 pm

fehro wrote:minor H&S possible .. should we stall and fill morning gap
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Screen Shot 2018-07-10 at 10.30.51 AM.png
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 1:37 pm

RUT outside reversal.. VIX goes green
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Re: 07/10/2018 Live Update

Postby Al_Dente » Tue Jul 10, 2018 1:37 pm

Smalls needs Poncho’s help:
https://www.youtube.com/watch?v=GT3HuQY9p74
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Re: 07/10/2018 Live Update

Postby Cobra » Tue Jul 10, 2018 1:41 pm

double top text book target. not sure as it's testing the day low, if it's a range day then should be a rebound here.
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Re: 07/10/2018 Live Update

Postby rpccharts » Tue Jul 10, 2018 1:43 pm

WWW OPEX ROLL Tomorrow

Solar Eclipse/ New Moon Thursday

Banks EPS Friday
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Re: 07/10/2018 Live Update

Postby fehro » Tue Jul 10, 2018 1:48 pm

fehro wrote:
buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes
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Screen Shot 2018-07-10 at 10.47.49 AM.png
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