03/11/2019 Live Update

[Cobra]

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no idea up or down from here but generally the rebound might be sold somewhere.

[Trades with cats]

FT 71 commented this morning that the CME says only about 45% of traders have rolled over to the new ES contract, so a slower than normal contract roll.

[BullBear52x]

Multi-Time frame besides intraday.
Weekly = Sell
Daily + Buy
Hourly Sell

If we can maintain a positive closed today, a daily Buy is triggered. but at the same time we are entering sell the rip zone on Hourly, this tells me, a little pull back late in the day or tomorrow if we can hold gain today.

[BullBear52x]

$RUT a leading? then HH is needed here.

[BullBear52x]

/ES intraday is very bullish, a continue buying from Friday, this is real deal, not a short covering. but the line in the sand is drawn, 2766 must needed to break through and hold for bulls. find excuse to buy.

[Trades with cats]

5 minute view with FT71's 3 scenarios for today crudely drawn by me. Point is of course that wew may be looking for a test of Friday's range soon.

[Trades with cats]

Candice Brown's Derivative Oscillator does not agree with this mornings action. I also am uncertain because we have been following a tight little channel (machine drawn regression) since around 5 AM Eastern Time.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[Trades with cats]

I should add that if you jumped in long after it crossed the EMA you are up about 10 points, so no matter the reason price pays.

[BullBear52x]

2780ish still in the card today or tomorrow. will see.

[Trades with cats]

Approaching Thursday's High Wednesday's low, so expecting resistance.

[brokebybernacke2]

Approaching Thursday's High Wednesday's low, so expecting resistance.

gettin overbought

[Trades with cats]

Drawing my retracement fibs from the low about a half hour before Friday's close. All three of the Oscillators I follow are rolling over on the 5 minute. (Server error on the chart posting for now)

[BullBear52x]

Fighting to regain 5 DMA, AD line all looking healthy.

[BullBear52x]

80 and 97 next.

[Trades with cats]

Running out of shorts to squeeze. Zerohedge reminds us "Bonds ain't buying it".

[Trades with cats]

Bottom panel is a juiced up RSI (yellow) with a fast and slow trigger line.
So market is overbought but someone continues to buy as we push back into Wednesday's range. If you even begin to think this is normal retail buying look at where price is, over 4 atrs above the 20 period EMA. Note the Thursday morning CTA trigger sell off also was 4 atrs out, only to the down side. So the whales are making moves.

Edit- the letters on the chart are generated by the Lizard Trader zerolag indicator (pannel 3). Momentum, Key retracement secondary Retracement.

[Cobra]

so far looks like a strong uptrend day if no sharp pullback in the next couple of bars.

[BullBear52x]

Greed kills, I don't see we move pass 80ish today.

[Trades with cats]

Added a composite volume profile outline in violet, covering the visible chart. Visual clue as to where resistance should be sitting. (High volume node). Also shows the irregular and vertical nature of the drop and rebound over the last couple of days. In theory could be easily retraced, but who knows in practice.