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05/23/2018 Live Update

Re: 05/23/2018 Live Update

Postby fehro » Wed May 23, 2018 3:31 pm

INDEXes dailies.. trying hard to push higher
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Screen Shot 2018-05-23 at 12.30.16 PM.png
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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 3:36 pm

All the energy went into the volume spike at 2 so I expect a slow sell into the close.
Bigger point to me is the island top was created going up on super light volume. Gap down was good night time volume but we powered back through on an algo driven fed news release. I think that gap area will be revisited because we really haven't had trading in that area, just elevator rides.
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Re: 05/23/2018 Live Update

Postby Al_Dente » Wed May 23, 2018 3:38 pm

smalls have been leading up
smalls have been leading down
hence, i will trust this rally when the smalls do...
[edit: ps: yes, i see the higher low(s)]
523 quick.png.png
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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 3:46 pm

ES 06-18 (5 Minute) 2018_05_23.png
5 minute regular trading hours


Thye low volume node at the monster Fed bar is what I don't like.
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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:52 pm


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Re: 05/23/2018 Live Update

Postby Trades with cats » Wed May 23, 2018 3:54 pm

ES 06-18 (15 Minute) 2018_05_23.png
15 minute Regular trading hours

Four day view showing the same hole in the volume profile. If this market slips this week ES 2714 is clearly one area where there is support. Further up it sure is blocky so no clear consensus on fair value. Also it is clear that the volume was high in the chop zone before the Fed notes were released.
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Re: 05/23/2018 Live Update

Postby Cobra » Wed May 23, 2018 3:54 pm

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

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Re: 05/23/2018 Live Update

Postby 1der » Wed May 23, 2018 3:59 pm

SPY PBar update end of day - interesting
SPY 052318_04.jpg
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