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05/24/2018 Live Update

fehro
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Re: 05/24/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:/ES SPX … mind the pink bear flag SPX .. mind the morning gap

bear flag breaking ..mind lower gap.. and 20d/50ds indexes
Slipping..
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Screen Shot 2018-05-24 at 7.26.25 AM.png
Daniel
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Re: 05/24/2018 Live Update

Post by Daniel »

Market has shrugged off international news and tariff rumors many times, question imo is where to buy the resulting dip today.

BTWD!!

(buy the welcome dip)
QED
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Re: 05/24/2018 Live Update

Post by QED »

1der wrote:SPY New PBar overnight at 271.25
SPY 052418_01.jpg
That is not a P-Bar, that is a "tractor beam." :o :shock: :? :lol:
http://www.startrek.com/database_article/tractor-beam
.
1der
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Re: 05/24/2018 Live Update

Post by 1der »

SPY 1 min chart showing Open (Blue) and closed (Gold) Pbars - They play a role, imho. But how to use this to trade??
And as I write, they 271.25 PBar is coming into play. The old PBas provided support/resistance points

SPY 052418_02.jpg
Trades with cats
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Re: 05/24/2018 Live Update

Post by Trades with cats »

Carmeggedon is already picking up speed. Auto companies and production levels are rolling over. Expect extended factory closures this summer. Surf the net for charts of upcoming lease returns https://www.youtube.com/watch?v=I54wGOSg_BQ Yoda "you will be" (afraid).
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

testing yesterday's low now, key time.
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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

Junior Buffett wrote:Trump the great turn around again...NK meeting cancelled
I am also hearing that there will be big tariff on car import..which makes sense with his comment couple of days ago to autoworkers that he has a big pleasant surprise for them!
thanks for posting that letter :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re: 05/24/2018 Live Update

Post by Daniel »

Cobra wrote:testing yesterday's low now, key time.
SPY never quite reached yest low, and now strongly bouncing from that general support area btw 271 and 272.
fehro
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Re: 05/24/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:/ES SPX … mind the pink bear flag SPX .. mind the morning gap

bear flag breaking ..mind lower gap.. and 20d/50ds indexes
Slipping..

IWM RUT weak.. took out yLOD.. mind the H&S on IWM 5m 1week… retests neckline here.. LOD goes.. target is $-2.33 159ish
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

mini rebound target, must exceed it before bulls have some chances.
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1der
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Re: 05/24/2018 Live Update

Post by 1der »

PBar congestion provided bounce point for a scalp. 1 min candle body held 271.25 level.

Tractor Beam :lol: :lol: :lol: :lol: :o :o
SPY 052418_03.jpg
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MrMiyagi
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Post by MrMiyagi »

QQQ SPY Intraday double-bottoms or bust.
fehro
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Re: 05/24/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:/ES SPX … mind the pink bear flag SPX .. mind the morning gap

bear flag breaking ..mind lower gap.. and 20d/50ds indexes
Slipping..

IWM RUT weak.. took out yLOD.. mind the H&S on IWM 5m 1week… retests neckline here.. LOD goes.. target is $-2.33 159ish
mind cyan channel 20d SMA 2695ish near gap fill
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Screen Shot 2018-05-24 at 7.54.51 AM.png
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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

fehro wrote:............... mind the H&S on IWM 5m 1week… retests neckline here.. LOD goes.. target is $-2.33 159ish
FEHRO: IS THAT THE CORRECT NECKLINE WE'RE TESTING/BREAKING?
524iwm neck.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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MrMiyagi
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Post by MrMiyagi »

MrMiyagi wrote:QQQ SPY Intraday double-bottoms or bust.
BUST
sac
sac
Capture.PNG (266.73 KiB) Viewed 17978 times
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

breakdown the last low, now let's see if as usual any sharp reversal to trap bulls. Keep going down or consolidation would mean this bear may still have legs.
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fehro
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Re: 05/24/2018 Live Update

Post by fehro »

Al_Dente wrote:
fehro wrote:............... mind the H&S on IWM 5m 1week… retests neckline here.. LOD goes.. target is $-2.33 159ish
FEHRO: IS THAT THE CORRECT NECKLINE WE'RE TESTING/BREAKING?
The attachment 524iwm neck.png.png is no longer available

yes ish :roll: :) :lol: .. could be another larger complex one.. forming too.. pull back farther
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524iwm_20neck_png.png
Last edited by fehro on Thu May 24, 2018 11:07 am, edited 1 time in total.
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

sharp rebound upon breakdown as usual, sign. now let's apply the mini target. exceeds it only means bulls took the 1st step toward stable, it doesn't mean bears are over.
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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

fehro wrote:yes ish :roll: :) :lol: .. could be another larger complex one.. forming too.. pull back farther
thanks boss :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

OK, now wait to see how the ema20 gets tested. should be another leg down to test the day low again, but if it simply breaks the ema20, then bears might be over for today.
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