05/07/2019 Live Update

[JFR]

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

[BullBear52x]

Last sell trade for me, If I got stopped out I will be done today.

[BullBear52x]

I am still eyeing 78-80 /ES, if not today then tomorrow????
tomorrow will be buy day if we get that level. Peace!

[te_fern]

Need to break VWAP and then move up to the red MA line....

[Trades with cats]

I have VWAP at ES 2895.75. Clearly market said close enough. Making a mockery of all my trend lines.

[JFR]

Trying to breakout.

Back later ...

[Trades with cats]

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.

[Daniel]

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.

[Al_Dente]

AD
bears are still 4-5x bulls
(something about a bad 3-year treasury auction... )

[Al_Dente]

LOD:
IWM
SPY
QQQ

[Trades with cats]

Overshooting my third measured move. Time to turn around.

[Al_Dente]

“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.

But that strategy still leaves money on the table:
https://stockcharts.com/articles/chartw ... ming-.html

[Mr. BachNut]

We have two down gap targets within striking distance at 2888.32 and 2778.20.

First target tagged.

Second target tagged.

Maybe some support can be found around here.
Otherwise, the 50 MA is around SPX 2856.5.

[Al_Dente]

Megaphone tilted down
“Descending Broadening Wedge”
http://thepatternsite.com/dbw.html

[JFR]

Crash. Boom. Bah.

[Al_Dente]

Isn't anyone from the cabinet or the FED going to start yapping, to give us false hope

[Trades with cats]

Well I guess they can reprice all the IPO's.

[BullBear52x]

Chart for the road: Daily entering buy the dip zone. I will be a buyer tomaro.....trade well, Peace!

[Al_Dente]

SOXS
3x SHORT semis
up +10% today

[Cobra]

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