11/20/2019 Live Update

[Al_Dente]

wow, took 5 minutes to reach targets

[BullBear52x]

423.6% = 88 (87.77)

well, anything is possible I guess.

[Cobra]

must be a bad news, now we wait for the dust to clear.

[BullBear52x]

few more ( 4 handles more) at least.

[JFR]

ES five minutes. Dive. Dive. Dive.

[Trades with cats]

Any further downside is going to have to chew it's way through lots of support as the November composite heat map volume profile shows there has been a lot of two way action in this area.

[BullBear52x]

My projection: /ES 88ish and SPX is 83ish, for that I will settle at 89, Why? I like the number.

[Vaamsy]

My projection: /ES 88ish and SPX is 83ish, for that I will settle at 89, Why? I like the number.

I think there is more on the downside. Maybe all the way to 3028 since a lot of people are expecting a gap close here and continue the moveup?

[BullBear52x]

My projection: /ES 88ish and SPX is 83ish, for that I will settle at 89, Why? I like the number.

I think there is more on the downside. Maybe all the way to 3028 since a lot of people are expecting a gap close here and continue the moveup?

For today I will depend on this sell, no new LOD then I will call it a day.

[BullBear52x]

Cash SPX Fib, same playbook, under 38.2% is bear territory.

[Cobra]

still cannot say the low was in. it's bear's last chance here.

[BullBear52x]

Just to see where we are at. Balanced area is clear here. (center highlighted )

[MrMiyagi]

Market drop on Reuters crappy news, probably someone there is making a mint putting these out and buying putts/calls ahead of it:

"Phase One" of the trade between the U.S. and China could slide into next year, Heather Timmons of Reuters reports, citing trade experts and people close to the White House. Beijing is pressing for more extensive tariff rollbacks, and the Trump administration is countering with heightened demands of its own, Timmons points out. A deal is "still elusive," and negotiations may be getting more complicated, trade experts and people briefed on the talks told Reuters. Trump and U.S. Trade Representative Robert Lighthizer recognize that rolling back tariffs for a deal that fails to address core intellectual property and technology transfer issues will not be seen as a good deal for the U.S., a person briefed on the matter added.

[MrMiyagi]

That was quickly followed by:

**TRUMP AIDE SAYS PROGRESS BEING MADE ON PHASE ONE CHINA TEXT - FBN

and then

**WHITE HOUSE DEPUTY PRESS SECRETARY JUDD DEERE SAYS NEGOTIATIONS CONTINUING, PROGRESS BEING MADE ON TEXT OF PHASE-ONE AGREEMENT - FOX BUSINESS REPORTER TWEET

[Trades with cats]

Well into the empty space range between nodes. As we have all seen repeatedly these news about the future things tend to retrace. Algo induced jerk around just needs some human confirmation.

[Cobra]

well, guess bears were over again. there might be a higher low test though.

[JFR]

ES five minute. Moving up beyond a support/resistance level.

[BullBear52x]

If we closed right here or lower, this could spell a short term market top. I will be more comfortable to buy in at mid daily BB area than any where else. FWIW.

[Trades with cats]

Market turned around but it was weak. Now that VWAP (blue dot dash line) has been reached we will see. Since current prices are based totally on narrative and not earnings today could be a turning point on narrative. Time will tell if he dares to defy the Senate in order to save face for the Chinese trade deal.

[Al_Dente]

HAPPY HOUR