alphahorn
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by alphahorn » Thu Dec 05, 2019 1:50 pm
3108 is well defended again
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Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Dec 05, 2019 1:52 pm
Internals are weak; not even 1-to-1.
1/trin went bull at circa 11:30 and now flipped to bear-spy
options traders are “wait and see”
5min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Vaamsy
Posts: 174 Joined: Thu Oct 20, 2011 12:54 pm
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by Vaamsy » Thu Dec 05, 2019 1:58 pm
Descending triangle might be in play. One more touch of 3108 support shouldn't hold it. And down we go to the low of the day.
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brokebybernacke2
Posts: 1955 Joined: Wed Sep 21, 2011 10:10 am
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by brokebybernacke2 » Thu Dec 05, 2019 2:03 pm
Vaamsy wrote: Descending triangle might be in play. One more touch of 3108 support shouldn't hold it. And down we go to the low of the day.
move today might take some by surprise.
alphahorn
Posts: 243 Joined: Fri May 27, 2011 9:36 am
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by alphahorn » Thu Dec 05, 2019 2:06 pm
going to lunch, leaving trade on have stops on both sides. good luck all. my best guess is this is a wave b triangle and we are above to put in the last leg, leg e, then we should fall. If I'm correct
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Vaamsy
Posts: 174 Joined: Thu Oct 20, 2011 12:54 pm
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by Vaamsy » Thu Dec 05, 2019 2:07 pm
brokebybernacke2 wrote: Vaamsy wrote: Descending triangle might be in play. One more touch of 3108 support shouldn't hold it. And down we go to the low of the day.
move today might take some by surprise.
Absolutely! The IHS on the hourly and H&S on the 4hr and daily confuse a bit. Should be ready to jump ships anytime.
te_fern
Posts: 4022 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Dec 05, 2019 2:07 pm
SPX is still in this triangle. Getting closer to the end of it, so it will resolve.......
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Vaamsy
Posts: 174 Joined: Thu Oct 20, 2011 12:54 pm
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by Vaamsy » Thu Dec 05, 2019 2:08 pm
alphahorn wrote: going to lunch, leaving trade on have stops on both sides. good luck all. my best guess is this is a wave b triangle and we are above to put in the last leg, leg e, then we should fall. If I'm correct
What could be the max for this last leg? Overnight high?
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Dec 05, 2019 2:18 pm
Vaamsy wrote: ... The IHS on the hourly and H&S on the 4hr and daily confuse a bit. Should be ready to jump ships anytime.
thanks for that boss
hmmmm, I've got an H&S on the hourly, and maybe an inv-H&S
Both potential, neither confirmed yet
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Heck
Posts: 2535 Joined: Thu Nov 15, 2012 4:56 pm
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by Heck » Thu Dec 05, 2019 2:22 pm
Red prices and VIX = Market confusion
SPY Target + 34 %
From 310.58 to 415
+ 1.76 % Dividend Yield
JFR
Posts: 10270 Joined: Sun Dec 02, 2012 7:24 pm
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by JFR » Thu Dec 05, 2019 2:25 pm
Late once again. ES daily. Riding the E Train, the EMA 20.
Charts posted are not recommendations. They are just a sharing of information.
JFR
Posts: 10270 Joined: Sun Dec 02, 2012 7:24 pm
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by JFR » Thu Dec 05, 2019 2:27 pm
ES five minute. A big push down at the opening. And then stuck in a range. Scalp country.
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Cobra
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by Cobra » Thu Dec 05, 2019 2:44 pm
breakout likely, possible mm.
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BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Dec 05, 2019 2:54 pm
Bears are too weak. bullish above this pivot.
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Trades with cats
Posts: 8656 Joined: Sat Oct 11, 2014 4:40 pm
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by Trades with cats » Thu Dec 05, 2019 3:12 pm
White House worried about the third touch at 3108. They wheeled Treasury Secretary out to bla bla bla trade for an algo trigger. All it did was get us to the most favored price of 3114 so we are at neutral. But energy was spent trying higher overnight and that was rejected. Just as lower was rejected. Thinking market wants to be in it's happy place gathering courage to face the jobs report.
BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Dec 05, 2019 3:14 pm
Zoomed in,Bullish eh, well, it's my sell day today so I will sell my next sell setup RSI >70
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JFR
Posts: 10270 Joined: Sun Dec 02, 2012 7:24 pm
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by JFR » Thu Dec 05, 2019 3:20 pm
ES five minutes. Moving up out of the range.
Charts posted are not recommendations. They are just a sharing of information.
BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Dec 05, 2019 3:21 pm
Excuse to sell, we are still under the dark side of the chart with TRIN on the bears side.
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BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Thu Dec 05, 2019 3:34 pm
I am back on a south bound train.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Vaamsy
Posts: 174 Joined: Thu Oct 20, 2011 12:54 pm
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by Vaamsy » Thu Dec 05, 2019 3:34 pm
3117.5 is the next stop. If that clears back to overnight highs. Hopefully it turns at 3117.5