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Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:02 pm
by te_fern
Did someone once say the first move is a head fake??

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:05 pm
by te_fern
Well, that was fun. We're back in the triangle....

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:05 pm
by Al_Dente
* NEXT RATE HIKE LIKELY APPROPRIATE SOON [june]
* MODEST INFLATION OVERSHOOT COULD BE HELPFUL [what?]
* SOME OFFICIALS SAW FORWARD-GUIDANCE REVISION APPROPRIATE SOON


now potus tries to steal the show, roundtable on the bad guys, live

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:08 pm
by te_fern
Now we're talking....

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:11 pm
by fehro
fehro wrote:
fehro wrote:triangle.. SPX intra day
mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out

resistance here.. mind the return trip down :roll:

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:12 pm
by Daniel
Gap fill, spy

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:15 pm
by Al_Dente
NYAD is only minus -94 red
Weak but it happens to be the HOD

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:16 pm
by Daniel
Naz up/down volume significantly more bullish today than NYSE, which is still net bearish.

Financial sector continues to be a big drag on SPY, NYSE today.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:20 pm
by Daniel
Naz advancers are only moderate, and somewhat off the hod. As expected from the up/down volume, NYSE advancers are even weaker, altho still close to the hod.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:24 pm
by Cobra
the pullback probably will be bought.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:40 pm
by te_fern
TICKs have been whipsawing around today....

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:41 pm
by fehro
fehro wrote:
fehro wrote:
fehro wrote:triangle.. SPX intra day
mind the algo move for the FOMC minutes.. both targets may get tagged and stops on both sides could get blown out

resistance here.. mind the return trip down :roll:
bears see a bear flag :roll:

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 2:42 pm
by Daniel
Al_Dente wrote:Cobra's chatter is a rare gift; it’s what I live for.
Absolutely. I especially love when he puts out the green smile-face and "reiterates".

Reiterate away Cobra da! Whenever you do, I whip out my pencil and take notes!

:P

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:00 pm
by Cobra
I have a dream. Fib some percent mm should be possible.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:01 pm
by Daniel
QQQ, SPY at fresh hod! BUT.. Naz and NYSE advancers are not.

..update: and now they've hit marginal new highs.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:02 pm
by Al_Dente

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:03 pm
by Cobra
Daniel wrote:
Al_Dente wrote:Cobra's chatter is a rare gift; it’s what I live for.
Absolutely. I especially love when he puts out the green smile-face and "reiterates".

Reiterate away Cobra da! Whenever you do, I whip out my pencil and take notes!

:P
Thank you guys, really appreciate. :mrgreen:

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:06 pm
by Cobra
Fib 50% mm now. Fib 61.8% is possible.

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:09 pm
by fehro
SPX tags triangle target next area of resistance..

reload nibble short

Re: 05/23/2018 Live Update

Posted: Wed May 23, 2018 3:13 pm
by Cobra
the pullback probably will be bought again, it's just not as high odds as the previous "pullback will be bought", so timing is important.