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02/06/2019 Live Update

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Cobra
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02/06/2019 Live Update

Post by Cobra »

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no idea up or down from here and still when no idea always assumes up.
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Cobra
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Re: 02/06/2019 Live Update

Post by Cobra »


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JFR
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Re: 02/06/2019 Live Update

Post by JFR »

The market is catching its breath. The giants will likely not be quiet for long.

spy.png
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JFR
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Re: 02/06/2019 Live Update

Post by JFR »

A wild opening. Big battle going on, bulls vs bears.

2019-02-06_0638.png
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JFR
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Re: 02/06/2019 Live Update

Post by JFR »

Finding some support.

2019-02-06_0644.png
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Trades with cats
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Re: 02/06/2019 Live Update

Post by Trades with cats »

Theme for today, market must find more buyers to start moving up the Dec 4 slide. So expecting a pullback to find bargain hunters.
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Cobra
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Re: 02/06/2019 Live Update

Post by Cobra »


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Re: 02/06/2019 Live Update

Post by Trades with cats »

This would be a good place to reverse, if not then 2717 (yesterday overnight low) would be a do or die place to reverse.
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Cobra
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Re: 02/06/2019 Live Update

Post by Cobra »

at the best for bulls it's a range day, even if it decisively breaks yesterday's low it could be a downtrend day.
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BullBear52x
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Re: 02/06/2019 Live Update

Post by BullBear52x »

/ES yawn...
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Re: 02/06/2019 Live Update

Post by BullBear52x »

ATM I am expecting range low to retest once more. breakdown will be fast if no support this time.

sell @34
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Re: 02/06/2019 Live Update

Post by Trades with cats »

Machines reached their goal and shut down.
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Re: 02/06/2019 Live Update

Post by Trades with cats »

Clearly the pullback failed to attract enough money to push up above 2737 zone for now.
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BullBear52x
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Re: 02/06/2019 Live Update

Post by BullBear52x »

Range day, today is extremely indecision, weekly is in a sell the rip zone (I use weekly as a gauge for long term)
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Re: 02/06/2019 Live Update

Post by BullBear52x »

You have to nailed a good entry to stick around and day trade today, this is a cage fight :lol: :lol: :lol:
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Cobra
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Re: 02/06/2019 Live Update

Post by Cobra »


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Al_Dente
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Re: 02/06/2019 Live Update

Post by Al_Dente »

LONGER TERM:
We can’t predict, but we should be able to tell where we are. We can do that by “taking the temperature of the market” through questions like: Where does market psychology stand? To what extent has this psychology been priced in? Are attitudes toward risk prudent or cavalier?
When assets begin pricing in the notion of permanent prosperity, it usually turns out to be an illusion.
We're in the second half of the 10th year of an economic recovery, and US economic recoveries have never lasted more than 10 years. The odds that the expansion goes on much longer are not great.
If investors are scared, as they were in the fourth quarter of 2008 or early 2009, I believe you should be aggressive. But if investors look like flaming optimists, then watch out. I still see some optimism in the market today. So I would want to be in stable, higher-quality and defensive assets more than in aggressive, optimism-oriented assets.
[Howard Marks, via zh, 2/5/19]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 02/06/2019 Live Update

Post by Al_Dente »

plenty of potential double tops here
to cure that, bulls need a breakout
soon
26quick.png.png
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te_fern
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Re: 02/06/2019 Live Update

Post by te_fern »

Might be heading to the bottom of this potential looking box....
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Al_Dente
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Re: 02/06/2019 Live Update

Post by Al_Dente »

HAPPY HOUR
play inside.png.png
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