05/02/2018 Live Update

[te_fern]

Got the go, but is it a head fake??

[Trades with cats]

Will be sad for bulls if they can't get past overnight high.

[fehro]

into resistance.

SPX at 20d SMA ..nibble small short here 2660 /ES also testing oHOD

mind the wedge.. "should" we stall here at 20d SMA.. not sure 2653 goes to the downside.. look for a nLOD SPX

[fehro]

DXY dollar eases… 50w SMA daily resistance holds

[Trades with cats]

Retrace, text book, now the big question which way for the continuation move.

[Junior Buffett]

CASH VIX is dropping fast here...some clue on where the market is heading?

[fehro]

into resistance.

SPX at 20d SMA ..nibble small short here 2660 /ES also testing oHOD

mind the wedge.. "should" we stall here at 20d SMA.. not sure 2653 goes to the downside.. look for a nLOD SPX

wedgie wedgie... one more up? or break and nLODs

[te_fern]

Gold futures jumped on the Fed. Waiting to see what the follow thru is....

[Daniel]

Both QQQ and SPY reached the area of their overnight highs, then ran out of gas.

[fehro]

into resistance.

SPX at 20d SMA ..nibble small short here 2660 /ES also testing oHOD

mind the wedge.. "should" we stall here at 20d SMA.. not sure 2653 goes to the downside.. look for a nLOD SPX

wedgie wedgie... one more up? or break and nLODs

breaking ish.. still iffy

[Trades with cats]

ES back at a major VWAP centered zipper from earlier. Wondering where the bulls have their stops.

[fehro]

ES back at a major VWAP centered zipper from earlier. Wondering where the bulls have their stops.

weekly daily pivot tag return trip

[victorm]

Gold futures jumped on the Fed. Waiting to see what the follow thru is....

I don't trust it, expecting andercut low till Friday..., but I'm in already with 50% deployed...

[Daniel]

TLT unchanged!

[Daniel]

Hat tip to the Fed. They fully tipped off the markets as to the utter irrelevance of today's announcement, and markets are reacting accordingly.

Dollar has recovered nicely.

The nearly 2% decline in Consumer Staples is to me a bigger story than rates today.

[fehro]

into resistance.

SPX at 20d SMA ..nibble small short here 2660 /ES also testing oHOD

mind the wedge.. "should" we stall here at 20d SMA.. not sure 2653 goes to the downside.. look for a nLOD SPX

wedgie wedgie... one more up? or break and nLODs

breaking ish.. still iffy

cover partial here 2639 ding ding wedge target

[1der]

fwiw AMZN PBar from 4-26 4:30ET 1517.96 unfilled, wishful thinking for the next week or so?

There are very few stocks which exhibit PBars: AMZN, AAPL have them occasionally. AAPL's get filled to a high degree.

[fehro]

mind the nasty outside reversals.. and yLODs if they go… SPX yLOD goes look to 200d SMA 2613.. today.. or gap on it/under tomorrow

[Cobra]

this bear may have legs.

[fehro]

Gold futures jumped on the Fed. Waiting to see what the follow thru is....

Buckle up .. /GC looses 1300/1295 look for VERY sharp drop
DXY nHOD >50w SMA