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05/07/2019 Live Update

Re: 05/07/2019 Live Update

Postby JFR » Tue May 07, 2019 12:25 pm

Hitting the EMA20. In a base. Waiting for breakout.


2019-05-07_0924.png
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Re: 05/07/2019 Live Update

Postby BullBear52x » Tue May 07, 2019 12:32 pm

Last sell trade for me, If I got stopped out I will be done today.
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Re: 05/07/2019 Live Update

Postby BullBear52x » Tue May 07, 2019 12:34 pm

I am still eyeing 78-80 /ES, if not today then tomorrow????
tomorrow will be buy day if we get that level. Peace!
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Re: 05/07/2019 Live Update

Postby te_fern » Tue May 07, 2019 12:35 pm

Need to break VWAP and then move up to the red MA line....
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Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 12:46 pm

I have VWAP at ES 2895.75. Clearly market said close enough. Making a mockery of all my trend lines.
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Re: 05/07/2019 Live Update

Postby JFR » Tue May 07, 2019 12:53 pm

Trying to breakout.

Back later ...

2019-05-07_0951.png
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Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 1:04 pm

Nice little double top at VWAP. Guess too early to go to ES 2900. As down as this has been need valid test of bottom.
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Re: 05/07/2019 Live Update

Postby Daniel » Tue May 07, 2019 1:08 pm

Daniel wrote:IWM undercut yest's low (made at the open) and is now above, it may be bottoming...

update: all three majors are struggling to stay above their LOD.
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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:18 pm

AD
bears are still 4-5x bulls
(something about a bad 3-year treasury auction... )
Last edited by Al_Dente on Tue May 07, 2019 1:23 pm, edited 1 time in total.
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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:20 pm

LOD:
IWM
SPY
QQQ
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Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 1:22 pm

Overshooting my third measured move. Time to turn around.
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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:26 pm

“Sell in May and Go Away”
Bloomberg: The S&P's 17.3% gain in 2019 through the end of April makes it the fourth best start to a year in history. And, that may be a bearish signal. Because historically when the January-April return exceeds 15%, the performance for the rest of the year is paltry at best and, at times, a disaster.
sell may.png.png

But that strategy still leaves money on the table:
https://stockcharts.com/articles/chartw ... ming-.html
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Re: 05/07/2019 Live Update

Postby Mr. BachNut » Tue May 07, 2019 1:29 pm

Mr. BachNut wrote:
Mr. BachNut wrote:We have two down gap targets within striking distance at 2888.32 and 2778.20.


First target tagged.


Second target tagged. :shock:

Maybe some support can be found around here.
Otherwise, the 50 MA is around SPX 2856.5.
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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:36 pm

Megaphone tilted down
“Descending Broadening Wedge”
http://thepatternsite.com/dbw.html
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Re: 05/07/2019 Live Update

Postby JFR » Tue May 07, 2019 1:37 pm

Crash. Boom. Bah.


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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:39 pm

Isn't anyone from the cabinet or the FED going to start yapping, to give us false hope :?:
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Re: 05/07/2019 Live Update

Postby Trades with cats » Tue May 07, 2019 1:43 pm

Well I guess they can reprice all the IPO's.
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Re: 05/07/2019 Live Update

Postby BullBear52x » Tue May 07, 2019 1:48 pm

Chart for the road: Daily entering buy the dip zone. I will be a buyer tomaro.....trade well, Peace!
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Re: 05/07/2019 Live Update

Postby Al_Dente » Tue May 07, 2019 1:48 pm

SOXS
3x SHORT semis
up +10% today
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Re: 05/07/2019 Live Update

Postby Cobra » Tue May 07, 2019 2:00 pm

before the mini target (tinted area) exceeded, no hope of bottom.
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