12/12/2019 Live Update

[JFR]

ES five minute. Hours of quiet overnight. Sharp action up at the opening. Now back down, in a range between pivots.

[Heck]

Chart for the road: Hello bears, see Accum/Dist. the option players are early on the sell, now I think they are right, off by few days. moving forward paying attention to Accum/Dist line will not be a bad idea me thinks. almost X-mas, wew! time fly, tomorrow is my last trade for the year. Peace out.

Merry Christmas

[JFR]

From Autochartist. SP500.

[Al_Dente]

[JFR]

Autochartist. $EURUSD.

[Trades with cats]

Bull Bear is right about needing a real reversal at 55. If this thing doesn't turn around I am thinking daily could look like a big tombstone candle at the new high which will get lots of press as the XMass rally high.

Overnight going to need Chinese Press saying yes deal is on now that Trump capitulated then a Tory solid majority and it will be a nice affirmation of today's high. So we will see.

[Trades with cats]

Fun Idea. While everybody is on a death bed watch for Deutsche Bank along comes HSBC

All from twitter today-

https://twitter.com/BearTrapsReport
HSBC's 2018 Pre-tax Income Breakdown: Asia: 96.2%* MENA: 6.3% North America: 6.2% Europe: -8.8% *Due to low rates and flat yield curves, nearly all of HSBC's profits are coming from Asia. Roughly 2/3 of their Asia pre-tax income came from Hong Kong last year. *Bloomberg data

10:55 AM · Dec 12, 2019·Twitter Web App
https://twitter.com/Jkylebass
HSBC’s Chief Risk Officer (amd board Member) abruptly quits. All of the signs are here. Banks begging for “new” deposits, GDP collapsing, chinese govt bullying sell-side research to avoid writing about these things. It’s all a Potemkin Village showing in Hong Kong now.
Don’t forget that HSBC’s Asia-Pacific Chief Risk officer also quit this year. They are running like cockroaches when the lights turn on.
https://twitter.com/Analyst_G
And record $$$ bond defaults in China... Virus keeps spreading in Asia/China and with lack of possibility to build empty infrastructure controling its price that has to go up, 2008 in US was just a small workout what’s happening today in China and their doors to the world HK.

https://twitter.com/business Bloomberg Headline
Beijing Has Built Thousands of Cheap Apartments No One Wants

[Al_Dente]

WAKEY WAKEY

[Al_Dente]

U.S. REACHES DEAL IN PRINCIPLE WITH CHINA, AWAITS TRUMP SIGNOFF

U.S. NEGOTIATORS HAVE TERMS OF PHASE-ONE DEAL FOR TRUMP

[Trades with cats]

ANNNND it's over.

[Trades with cats]

VWAP at 3162 on Dec expire contract. Just bounced.

[JFR]

ES five minute. The base moved up a level. Hello, Darvas.

[Cobra]

members only update at 3:33 pm
http://www.cobrasmarketview.com/2019/12 ... ay-update/

[Vaamsy]

Triangle on 5min targeting 3220?

[JFR]

ES five minute. Trying to move up out of a base. Have a good day.

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2019/12 ... ay-update/

[Cobra]

well, guess that's it for today. here's what Friday looks like: https://stockcharts.com/public/1684859/ ... /533449397

thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397