Back to www.cobrasmarketview.com

03/11/2019 Live Update

User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/11/2019 Live Update

Post by BullBear52x »

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.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/11/2019 Live Update

Post by BullBear52x »

I am sitting out wait for new dip buying setup.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/11/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 03/11/2019 Live Update

Post by brokebybernacke2 »

BullBear52x wrote:Greed kills, I don't see we move pass 80ish today.
yup. fed meeting wed.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/11/2019 Live Update

Post by BullBear52x »

few supports on this spiking channel.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
flrtrader
Posts: 477
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/11/2019 Live Update

Post by flrtrader »

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.
flrtrader
Posts: 477
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/11/2019 Live Update

Post by flrtrader »

Geez am I on Block?


:shock: :roll: :roll:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/11/2019 Live Update

Post by Al_Dente »

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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

: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 !)
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

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
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/11/2019 Live Update

Post by Al_Dente »

Tick is already overbought, and can get more overbought
But usually that means SPX should take a breather soon
15m
311tick ob.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 03/11/2019 Live Update

Post by BullBear52x »

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!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

Quantifiable edges expecting no follow through from today.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

Second attempt to move higher. This one counts (2nd move)
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 03/11/2019 Live Update

Post by Trades with cats »

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.
flrtrader
Posts: 477
Joined: Thu Aug 25, 2011 1:58 pm

Re: 03/11/2019 Live Update

Post by flrtrader »

Twc

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

Thanks
User avatar
Cobra
Site Admin
Posts: 58334
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/11/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply