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08/09/2018 Live Update

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Cobra
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08/09/2018 Live Update

Post by Cobra »

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no idea up or down from here, so far looks like a bull flag.
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Cobra
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Re: 08/09/2018 Live Update

Post by Cobra »


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fehro
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Re: 08/09/2018 Live Update

Post by fehro »

mind the downside, mind Tuesday's gap on SPY .. Bonds, VIXes green TRIN 2.00+
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fehro
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Re: 08/09/2018 Live Update

Post by fehro »

mind the "possible" diamond SPX 15m red , bearish rising wedge pink fwiw
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Screen Shot 2018-08-09 at 6.55.56 AM.png
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Cobra
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Re: 08/09/2018 Live Update

Post by Cobra »


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Re: 08/09/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_08_09 (8_00_09 AM).png
Ugh, easy day to draw trendlines, but I can't even try for a two point scalp. Oh well, might as well enjoy the 106 degree heat today. At least humidity is up to 37%. :D
te_fern
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Re: 08/09/2018 Live Update

Post by te_fern »

TICKs are positive this morning...
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Re: 08/09/2018 Live Update

Post by te_fern »

Smalls are doing well this morning....
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Re: 08/09/2018 Live Update

Post by te_fern »

Cobra's potential bull flag...
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SPX.PNG
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Re: 08/09/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Min Volumetric) 2018_08_09 (8_24_28 AM).png
Volumetrick 5 minute bars showing what it took to break out. Boxes show ticks (trades) with dominate side colored. Yellow is max value for the bar Cyan and Magenta are trade imbalances.
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Cobra
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Re: 08/09/2018 Live Update

Post by Cobra »

so far looks like an uptrend day, I just find it hard to believe, no trade.
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Al_Dente
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Re: 08/09/2018 Live Update

Post by Al_Dente »

ATH on $SML
Not yet on $RUT, nor IWM
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 08/09/2018 Live Update

Post by te_fern »

First attempt was a bull trap, still time....
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Re: 08/09/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Min Volumetric) 2018_08_09 (9_05_39 AM).png
The battle for 2862 continues. Worst part for bulls is the big band of resting orders is at 2864.

Comment from a paid writer earlier in the week on how calls were dirt cheep. Wondering if that is the emerging srategy for now. Sell the top and buy calls in case you were wrong.
te_fern
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Re: 08/09/2018 Live Update

Post by te_fern »

Back in the channel for now...
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Re: 08/09/2018 Live Update

Post by Trades with cats »

10:30 buy program.

I have an 11 by 17 printer that I use at the end of the day to hard copy and preserve my poor performance, sort of like monks punishing their own flesh. :lol: Half of last week and certainly yesterday and today same deal, right around 10:30 eastern a buy program takes off. Just saying until things change adding no shorts around 10:30 to my list of commandments.
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Re: 08/09/2018 Live Update

Post by Trades with cats »

Last 7 five minute bars hugging VWAP and the EMA. With other markets going home maybe something will happen.
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Re: 08/09/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Min Volumetric) 2018_08_09 (9_54_33 AM).png
Round dots ate trades of 30 contracts or more, FuturesTrader71's (more or less) definition of large traders. You can see how they kicked the sell off into gear. The other sign, to me, is the size of the bid ask delta bar. Clearly somebody wanted out now.

I note the standing buy order support stripe aat ES 2855 has been there all morning and is still there acting as support. :)
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Cobra
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Re: 08/09/2018 Live Update

Post by Cobra »


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Re: 08/09/2018 Live Update

Post by Trades with cats »

I added odd stats to my twitter feed. He is a retired econ prof. Today is day 180 from the Feb low. Since WWII or so on 8 occasions the S&P has had a 10% or greater correction that was not erased within 180 days. All 8 of those turned into full bear markets.

Te-ferns rounded top trend lines are very scary given that stat.
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