11/18/2015 Live Update

[MrMiyagi]

Hi Mr. M,
Last time I guessed the temporary top would be 202, you guessed 204. We were both wrong, BUT, you were closer than I was.

Now I say we are running to 211 to 212. What your thoughts??

If NYSI bounces from here, the +200 area, then SPX could see 2100.
Just a guess of course, if it fails (so far it isn't), then SPX 2000.

[fehro]

Tight security http://www.bbc.co.uk/news/world-europe-34830110

[gappy]

Lunch lokkin. 10 minute.

Capture.PNG

[Al_Dente]

Again: Massive squeeze in progress GDX NUGT
Now back-testing breakout

[josephli]

market is not as euphoric as last month FOMC day, where it jinx itself before announcement.

[finman66]

BOOM !!!

bull_market_risk_financial_concept_heavy_bullish_beast_walking_cg8p6623592c_th.jpg (9.99 KiB) Viewed 2412 times

[fehro]

SPY /SPX/VIX .. VIX never took out yesterday's LOD.. yet.. 200d SPX still holding

VIX takes out yesterday's LOD, firework levels for the FOMC minutes, SPY mind the open gaps and trend lines... as per usual.

[daytradingES]

for Marcueus

shaping up a little like 28 Oct 2015

[nikman]

Where is Marcueus?

for Marcueus

shaping up a little like 28 Oct 2015

[Unique]

Seat-belt and helmet on, I'm ready 2PM

[Unique]

Tight security http://www.bbc.co.uk/news/world-europe-34830110

Lmao, I thought u photoshopped that, but then clicked link

[daytradingES]

ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.

Waiting for 2PM.

Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.

I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...

NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.

-D

don't you track FOMC days as, FOMC minutes released days, ie when the market has it wild swings (or not)
SupposedLY the minutes of the meetings are kept secret :lol

[daytradingES]

Tight security http://www.bbc.co.uk/news/world-europe-34830110

Lmao, I thought u photoshopped that, but then clicked link

wearing WMD on their kitty collars?

[Junior Buffett]

ES: Attempting channel resistance breakout before FOMC announcement. 61.8% fib = 2067.56
Then, no major resistance until 2086.34 which collides with upper channel resistance.

Waiting for 2PM.

Just to be clear - this is NOT an FOMC day.... that was back on October 28th - this is a release of the minutes from that meeting on the 28th - still important, but there is NO ANNOUNCEMENT. The embargo'd press will come out with 500 words on the gist of the minutes at 2pm .... but there is no announcement.

I do not keep any stats on FOMC minutes day as some times the market moves some times it does not...

NEXT FOMC meeting is on 15-16th of Dec - right in the middle of opex.

-D

don't you track FOMC days as, FOMC minutes released days, ie when the market has it wild swings (or not)
SupposedLY the minutes of the meetings are kept secret :lol

how market knows what's in the meeting like within seconds..that's some superman reading going every time...I always wonder, don't they need at least 5 to 10 min for reading??

[josephli]

I wonder how the traders with big book trade FOMC days? presumably it is difficult for them to reverse their position in short time.

[Cobra]

show time.

[Al_Dente]

Anyone notice $VIX went berserk THREE MINUTES before the release
Now back down

[Trades with cats]

The FOMC report, just like many others, is released to the news services with an embargo time on it. So John Hilsenrath is actually not the worlds fastest typist. Of course the major trading houses would not be tipped off by the news services in advance, that would be wrong.

[ALdaytrade]

Tight security http://www.bbc.co.uk/news/world-europe-34830110

Lmao, I thought u photoshopped that, but then clicked link

My favourite comment on that situation was, "Where there are rats, there are cats."

[Unique]

ES only 5 points range so far....pretty disappointed in the algos. Usually it's 10 points real quick