11/02/2016 Live Update

[Cobra]

5 min to show time.

now testing yesterday's low, some chances of double bottom here.

[Al_Dente]

5min, potential for double bottom
IWM no
SPY yes
QQQ yes

NY declining stocks = 3 x advancing stocks
NY declining volume = 3 x advancing volume

[Cobra]

show time?

[Al_Dente]

*FED DECIDED TO WAIT FOR TIME BEING FOR SOME FURTHER EVIDENCE
*FED SAYS CASE FOR A RATE HIKE HAS CONTINUED TO STRENGTHEN
*FED SAYS GEORGE AND MESTER DISSENT IN FAVOR OF RATE HIKE

[BullBear52x]

Clockworks, first thing first.

[Al_Dente]

Fed funds implied a 14% chance of a rate hike today but sentiment was for a 0% chance with expectations of a hawkish-biased statement
(67% prob of Dec hike).

NO PRESS CONFERENCE

[Out of Bounds]

[Al_Dente]

*FED DROPS REFERENCE TO SEEING INFLATION STAYING LOW NEAR TERM
*FED REPEATS RISKS TO ECONOMIC OUTLOOK `APPEAR ROUGHLY BALANCED'
*FED: HOUSEHOLD SPENDING `RISING MODERATELY,' INVESTMENT SOFT
*FED: JOB GAINS HAVE BEEN SOLID, GROWTH PICKED UP SINCE MID-YR

[Out of Bounds]

Cancellation is now cancelled

[BullBear52x]

buy buy buy there is positive D now.

[Cobra]

members only update at 2:12 pm
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[Cobra]

so far almost not show. election result is more important than fomc now.

[BullBear52x]

God is with me again.

[BullBear52x]

lets pray bulls.

[fehro]

SPX.. so much for the fireworks.. guess they are saving them up for the election :roll

[BullBear52x]

/es stop at 97.5, let it rise, let it rise....

[BullBear52x]

that was fast. I am done for the day......

[uempel]

Update

[Eddie]

I missed that whole move. This is my first experience trading ES during a news event and seeing the wild swings. The good news is my setups didn't fail me. Next time, I'll have a better idea of what can happen.

[BullBear52x]

Hour and a half left, I might try one more buy the dip here.