12/03/2019 Live Update

[Vaamsy]

The grind continues...

[alphahorn]

I went long ES at 3075. The previous fourth wave low (a leg of the triangle was cash 3073). Looking to take half off at 3086.50 and half at 3089.50. stop moved to 3078 in the event I"m wrong

[te_fern]

Just checked in, agree with Vaamsy about the grind....

[Cobra]

ascending triangle, now breakout on the upside is a little more likely.

[Vaamsy]

ascending triangle, now breakout on the upside is a little more likely.

Cobra, ascending triangle after a move down, says more down. No?

[Al_Dente]

There was a guy who made $31 million on SPX puts … covered half … now has zero cost position…
It’s a true story and zh has been all over it for 2+ days
[VIX folks surmise that this one trade has been screwing up the VIX, past couple of days]
https://www.zerohedge.com/markets/myste ... f-position

[JFR]

Dow 30. A sea of red.

[JFR]

Dow stocks taking hits. Back later ...

[Al_Dente]

SO MUCH FOR HEDGE FUND GUYS LIQUIDATING THEIR FUNDS
Hedge fund billionaire Steven Schonfeld … [Schonfeld Strategic Advisors] bought a sprawling Palm Beach estate for $111 million...The 6-acre estate…. has more than 70,000 square feet of living space, with 11 bedrooms, 22 bathrooms, a bowling alley, salon, spa, ice cream stand and candy parlor…. he’ll use the home as a vacation property ...
https://www.cnbc.com/2019/12/03/billion ... llion.html

Reminds me of the classic old book “Where Are the Customers' Yachts?” by Fred Schwed

[BullBear52x]

We could push up to 92ish, I will have to sell it at that point. getting close to my sell level now. Tick Tock tick tick.....

[BullBear52x]

Selling now. same old playbook, 3-5 handles.

[alphahorn]

took another off, now one left. ascending triangle measures to 3091ish, i'm happy at 3089.50 if it makes it there

[alphahorn]

i'm out, some days the play works, some days it doesn't

[BullBear52x]

If Bears mean business, this is the level. but if not, oh well, suck to be a bear.

[Vaamsy]

i'm out, some days the play works, some days it doesn't

Well played sir!
Shorting here?

[JFR]

Crawling back up from support. It is hard to keep this market down.

[JFR]

From AutoChartist ...

[JFR]

Also from AutoChartist, Dow 30 ...

[JFR]

SP500. Last one. Back later ...

[BullBear52x]

Cash SPX Fib, bulls are down but not out until 61.8% is taken.