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05/08/2019 Live Update

05/08/2019 Live Update

Postby Cobra » Wed May 08, 2019 9:12 am

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double bottom or not, wait and see. finally bulls have 50% chances.
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Re: 05/08/2019 Live Update

Postby Cobra » Wed May 08, 2019 9:18 am


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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 9:30 am

Daily buy the dip zone, Hourly sell the rip. all and all I am expecting bulls to make a move. early bird buy operation, internals nothing to be bullish about, the chart pattern is Buy first.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 9:49 am

Morning bulls can not lose today, take half off the table, let the rest run. :mrgreen: :geek: :ugeek: :ugeek:
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 9:50 am

I do not enjoy it when we have 10 point nearly instantaneous spikes because of some tweet. Also I think news events like that normally just pause the auction. Still need to determine if yesterday's low is valid or too high. But I try to not let opinion get in the way of what price is telling us.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 9:59 am

I'll be worry for the bulls if they lose 75ish support level, so far looks like a range day to me. 78.25 is now my pivot.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 10:07 am

Wishful thinking, I am on the blue.
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Re: 05/08/2019 Live Update

Postby ccash04 » Wed May 08, 2019 10:19 am

Whipsaw Wednesday all day?
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 10:45 am

I am thinking we will retest the overnight High at the least before the bulls are out of juice.
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 10:46 am

ES 06-19 (2000 Tick) _ ES 06-19 (2000 Tick) 2019_05_08 (8_41_41 AM).png

I drew the lower line and drug it up for the upper channel. I figure an overshoot from the China tweet can be ignored. The mid channel line looks pretty good.

So after yesterday it does seem reasonable to have a slower day. The question is do we go up to the Euro zone close and then drift down or do we grind up all day.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 10:47 am

bullish scenario.
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 10:52 am

As te-fern confirmed, along with the evil site yesterdays end of day monster move was buyback money. When they stopped buying and the Euro zone kissed 2900 the market dropped and the auction resumed from about where it was. Same as the trade tweet this morning. So I guess I am seeing a normal market in spite of the big spikes.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 10:59 am

Ding ding ding
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 11:03 am

That was news algos jumping because of a White House Press release from Sarah Sanders on trade negotiations.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 11:06 am

Testing overnight high will tell if bulls up trend day can sustain or not.
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Re: 05/08/2019 Live Update

Postby 1der » Wed May 08, 2019 11:13 am

Trades with cats wrote:That was news algos jumping because of a White House Press release from Sarah Sanders on trade negotiations.


MARKETS
Trump says China’s vice premier is coming to the US ‘to make a deal’

Cramer: Trump’s trade tweet is about ‘getting the Dow up a little bit’ and pressuring China
PUBLISHED 42 MIN AGO


This is bordering on lunacy :lol: , really??? Was the Vice Premier coming here to do something else?? Blatant market manipulation by someone who can trade on market moving tweets..... But it did take out this morning's SPY high PBar at 289 :D :D
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 11:19 am

Well there goes my channel
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 11:20 am

I got sell signal now. well, I am done today.
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Re: 05/08/2019 Live Update

Postby Trades with cats » Wed May 08, 2019 11:21 am

Sure looks like a top for now and bingo, 10 minutes from the London/Frankfurt close.
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Re: 05/08/2019 Live Update

Postby BullBear52x » Wed May 08, 2019 11:26 am

Chart for the road: If, that is big "IF" we closed right here and RSI is >30. a Daily buy signal of mine is triggered. see you all Friday, good luck trading, trade well. Peace!
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