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06/03/2019 Live Update

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Cobra
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06/03/2019 Live Update

Post by Cobra »

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no idea up or down from here.
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Cobra
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Re: 06/03/2019 Live Update

Post by Cobra »


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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

Buy day today, but a little overbought already. sit on hands.
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

Buy
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Re: 06/03/2019 Live Update

Post by Trades with cats »

Markit PMI lowest since 2009 teetering on the brink of recession at 50.5 with new orders on the wrong side of things.
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

Closed with a Hammer candle will be nice :D
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Cobra
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Re: 06/03/2019 Live Update

Post by Cobra »


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Mr. BachNut
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Re: 06/03/2019 Live Update

Post by Mr. BachNut »

No gap today. Odd.

We just closed another target at SPX 2743.07.

I wasn't planning a post today, but I continue to see the NYMO not cooperate with price.
Friday for the third time, we opened in the turn zone but closed above.
We continue to have a positive divergence with price making new lows but NYMO closing above the May 13 low.
Each stairstep drop in NYMO has been smaller creating a descending wedge.
Today NYMO is up intra-day while price is making fresh lows.

Under the hood, someone is buying.

I am still short, but looking for a turn up, perhaps for a trip to the middle keltner (now 2838).
NYMO 060319.jpg
ccash04
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Re: 06/03/2019 Live Update

Post by ccash04 »

loaded the boat this morning.
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

I am expecting a volatility market but not at this rate. well, I am a buyers today, will see.
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Re: 06/03/2019 Live Update

Post by Trades with cats »

Futures Trader 71 pointed out Friday's close in the ES this morning. There was huge volume with no price movement. So as everybody was getting out others were willing to go long into the weekend. He pointed out that for longer term people, these are good prices.

Of course many hear Nero's violin in the background. :o Especially when you read about cash flows this year.
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Re: 06/03/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_06_03 (8_26_51 AM).png
Double top or breakout?
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Al_Dente
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Re: 06/03/2019 Live Update

Post by Al_Dente »

This is new:
QQQ just broke below its 200sma today. And it broke below the 38.2% retracement level
$NDX broke below 200 Friday
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

take half off the table, morning bulls can not lose today. same playbook.
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te_fern
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Re: 06/03/2019 Live Update

Post by te_fern »

Back to the top of this channel. Need it to break out.....
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

next resistance 66ish
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Al_Dente
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Re: 06/03/2019 Live Update

Post by Al_Dente »

I’d been patiently waiting for GDX to break its box, either way. It’s been in a boring-horizontal-trading range for ONE MONTH, then on Friday, IN ONE DAY, it gapped and raced up to its cyan-box target already, on huge daily volume. Another gap this morning. That’s a powerful move right there.
60m
63gdx.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 06/03/2019 Live Update

Post by Cobra »

maybe it's uptrend day, maybe this bull shall have legs but as long as it's in the previous day's range I'd treat it as a range day, i.e. no trust of any move.
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BullBear52x
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Re: 06/03/2019 Live Update

Post by BullBear52x »

Wishful thinking, I am on the blue.
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Al_Dente
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Re: 06/03/2019 Live Update

Post by Al_Dente »

One year, as in 12 months, NDX (black) is just below where she was last June, and SPX (purple) is almost below.
I imagine the long-term holders aren’t pleased about that.
63one year.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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