11/20/2018 Live Update

[Cobra]

now near range low, key time.

[QED]

ES 12-18 (30 Minute) 2018_11_20 (12_38_41 PM).png

30 Minute with volume profile. Just a reminder we are creeping up on the opening range (60 minute) low this will be the forth touch since we bounced on 2600. But this is a seasonally bullish week and 80% of the time a down Monday (1.5 %) does not mean a down week (according to Odd Stats on twitter).

Not a big concern, but I think the right side of your chart is on fire ...

[Al_Dente]

Fear & Greed Index
https://money.cnn.com/data/fear-and-greed/

[Al_Dente]

SMALLS iintraday
higher low
and then double-bottom-ish
maybe bounce soon?

[te_fern]

Will be with family the rest of the week. Hope each of you have a great Thanksgiving and I will see you again on the 'forum' next week!!

[Al_Dente]

Will be with family the rest of the week. Hope each of you have a great Thanksgiving and I will see you again on the 'forum' next week!!

HAPPY THANKSGIVING boss

[Al_Dente]

SMALLS iintraday
higher low
and then double-bottom-ish
maybe bounce soon?

yes

[Daniel]

Nasty upper wick on this last 15min candle-- all 3 majors (spy, qqq, iwm).

Price keeping well below the 20ema in that timeframe.

[Trades with cats]

QED Yea I need my glasses checked, that's why I pulled the post. 2670 is not the century mark. Although 2650 was correct.

Right now it is VWAP at ES 2652.50 That seems to be in control.

[Trades with cats]

Aside from TLT, which is basically flat (up a nickel)... out of the ETFs that I track intraday only UUP is up. Ignore correlations-- everything is down. Gold. Yen. Oil. Staples. Utes. Maybe some forced selling going on.

Commentator's are focusing on that fact and suggesting that we are experiencing a liquidity event.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Buyers lining up at ES 2635, over 800 contracts.

[Al_Dente]

SMALLS iintraday
higher low
and then double-bottom-ish
maybe bounce soon?

yes

failing

[Trades with cats]

Twitter feed has multipal sources saying crypto's are now in full panic free fall.

[Daniel]

Aside from TLT, which is basically flat (up a nickel)... out of the ETFs that I track intraday only UUP is up. Ignore correlations-- everything is down. Gold. Yen. Oil. Staples. Utes. Maybe some forced selling going on.

Commentator's are focusing on that fact and suggesting that we are experiencing a liquidity event.

update: Now XBI (smaller biotech) and ITB (homebuilders) have gone slightly green, but otherwise the above is still true. And both TLT and GLD are very slightly negative now--certainly not acting as 'havens' today.

[Trades with cats]

Lack of Havens and panic means I am going with the talking heads, this market is rotating from high beta growth to defensive value and accepting that the central bankers are shutting things down. No signs of capitulation from John Q Public making the news feed. When that happens and they trigger waves of ETF selling I bet the Haven's will go through the roof.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been mixed. 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

[Daniel]

King Dollar. ..

With ITB throwing in the towel and closing down a penny, and TLT flat, the only signif gain today on my quick-tracking list of ETFs is UUP. Even FXY(YEN) and GLD could not eke out a gain. UUP up about 1/2%.