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03/11/2019 Live Update

Re: 03/11/2019 Live Update

Postby BullBear52x » Mon Mar 11, 2019 12:01 pm

Trades with cats wrote:
ES 06-19 (5 Minute) 2019_03_11 (9_47_34 AM).png

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. :D

spiking profile or spiking channel is very bullish, 2772 is now a good floor until then.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 03/11/2019 Live Update

Postby BullBear52x » Mon Mar 11, 2019 12:02 pm

I am sitting out wait for new dip buying setup.
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Re: 03/11/2019 Live Update

Postby Cobra » Mon Mar 11, 2019 12:05 pm


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Re: 03/11/2019 Live Update

Postby brokebybernacke2 » Mon Mar 11, 2019 12:10 pm

BullBear52x wrote:Greed kills, I don't see we move pass 80ish today.


yup. fed meeting wed.
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Re: 03/11/2019 Live Update

Postby BullBear52x » Mon Mar 11, 2019 12:15 pm

few supports on this spiking channel.
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Re: 03/11/2019 Live Update

Postby flrtrader » Mon Mar 11, 2019 12:27 pm

Long from 2730 as posted,

Stop 2770

Looking for 2794.50 this week = no news... 2825 good news.

Also BA calls this morning at 371.50 2nd 5min candle dbbl now will exit BA calls at the close.
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Re: 03/11/2019 Live Update

Postby flrtrader » Mon Mar 11, 2019 12:37 pm

Geez am I on Block?


:shock: :roll: :roll:
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Re: 03/11/2019 Live Update

Postby Al_Dente » Mon Mar 11, 2019 12:40 pm

NOT MARKET RELATED
Pancakes are free at IHOP Tuesday (tomorrow)
Limited to one short stack per person while supplies last. Prices vary, but a short stack of three pancakes usually costs $5.79.
Charity fundraiser
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 1:46 pm

:lol: Not market related-
Used to go to LA to see our daughter and we would have Sunday Brunch in some trendy west side place with unlimited mimosas. Two kids later it is the Santa Monica IHOP (not in the trendy part of that town !)
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 1:53 pm

ES 06-19 (2000 Tick) 2019_03_11 (11_48_45 AM).png

Copied and dragged the trend line twice.
Ignor my dark verticle for London/Frankfurt close. We are in the daylight savings two week gap period waiting for English Summer Time to kick in on March 31
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Re: 03/11/2019 Live Update

Postby Al_Dente » Mon Mar 11, 2019 1:59 pm

Tick is already overbought, and can get more overbought
But usually that means SPX should take a breather soon
15m
311tick ob.png.png
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Re: 03/11/2019 Live Update

Postby BullBear52x » Mon Mar 11, 2019 2:09 pm

Chart for the road: Hourly entering sell the rip zone, as mentioned earlier, today end of day pull back or tomorrow. if not today I will plan my day trade selling tomorrow. Peace!
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 2:21 pm

ES 06-19 (5 Minute) 2019_03_11 (12_17_50 PM).png

Changed Composite volume profile to be Monday to Monday, added the fibs from last Monday's high and it does paint a story.
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 2:31 pm

ES 06-19 (2000 Tick) 2019_03_11 (12_25_59 PM).png

Tick chart pulled back to the EMA and stalled until a double bottom. now it's made one of Pasta Boss'es Darvas boxes. Expecting a triple top fail but I don't see good chances for shorts unless that EMA fails and it makes an end of day dive towards VWAP. If this is just another short squeeze then could be the action will be fast and furious around and just after the cash market closes.At least we have seen that pattern before.
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 2:51 pm

ES 06-19 (2000 Tick) 2019_03_11 (12_47_27 PM).png

Nice! Don't know if Cobra would call it an exhaustion bar but it sure is a failed breakout and back into the box. Waiting to see if it recovers or swan dives lower.
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 3:11 pm

Quantifiable edges expecting no follow through from today.
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 3:13 pm

Second attempt to move higher. This one counts (2nd move)
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Re: 03/11/2019 Live Update

Postby Trades with cats » Mon Mar 11, 2019 3:27 pm

ES 06-19 (5 Minute) 2019_03_11 (1_23_46 PM).png

After almost 6 full dayus of trading the POC on the composite is ES (6/19) 2797.50, 10 points away.
Edit- Implied was this drop and recovery has been a pretty low volume affair.
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Re: 03/11/2019 Live Update

Postby flrtrader » Mon Mar 11, 2019 3:33 pm

Twc

No crystal ball but do you have a sense of how they may play this tomorrow/Wendsday since its OPEX

Thanks
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Re: 03/11/2019 Live Update

Postby Cobra » Mon Mar 11, 2019 3:34 pm


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