DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 3 day cycle projection 2829-32. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 2 day cycle projection 2831 Link to comment Share on other sites More sharing options...
sandy beach Posted August 1, 2018 Report Share Posted August 1, 2018 Thanks! I'm personally agnostic at this point. It is common to see a month end ramp and also common for an up bias on Fed announcement days. So I think we'll see next week which way we are headed next. To me this is just range bound trading. But I just can't imagine in my little brain that this market has anticipated the impact of 25% 200 billion dollar tariffs on China and the blow back that will follow. So I'm flat until I see a direction. I do have some low ball limit orders out for single stocks just in case a few decide to dump some morning but that's just looking for a lucky buying opportunity. Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Trend resistance 2827 needs to be cleared. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 All noise to me. Holding short and expecting lower prices to come. I have stop above 2831. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 Liquidity is one of those things that can be misunderstood. We've seen stocks flow up on very low volume for months. We've seen massive volumes on drops. I say follow price. Link to comment Share on other sites More sharing options...
specie Posted August 1, 2018 Report Share Posted August 1, 2018 lob Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 Shorted ES at 2820.25. Stop above 2831. Trade safe. Covered half at 2815.25 for +5. Fed coming up this afternoon...going to stay light. Moving stop for rest to 2827. Trade safe. Link to comment Share on other sites More sharing options...
sandy beach Posted August 1, 2018 Report Share Posted August 1, 2018 Covered half at 2815.25 for +5. Fed coming up this afternoon...going to stay light. Moving stop for rest to 2827. Trade safe. The Madness is unstoppable! Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Nice little failure to clear resistance leads to potential downturn in 5 day cycle. 5 day cycle projection has been pulled down to 2829, with 5 day cycle oscillator not yet on sell signal. 2 day cycle projection downside 2810. Link to comment Share on other sites More sharing options...
specie Posted August 1, 2018 Report Share Posted August 1, 2018 The world is about to change Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 Support line at 2812 Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2018 Report Share Posted August 1, 2018 5 day cycle projection drops to 2827. Hourly high was close enough for gummit work. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 SPX Looks like head and shoulder on the daily. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 1, 2018 Report Share Posted August 1, 2018 The Madness is unstoppable! Thanks! Clean short setup this morning at 2820-2823 area with clear defined risk (stop above 2830). Nothing magical really. Link to comment Share on other sites More sharing options...
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