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SPX 15 Updated View

Posted by steve on 22nd of May 2020 at 04:22 pm

$SPX - Chart Link- got the expected bounce as mapped - NOW let's see how things unfold come Tuesday.  Keep an open mind and trade what's in front of you.  

Robert Miner's Saying:  "Trade don't Forecast" 

Have a nice weekend everyone.  

Posted by steve on 22nd of May 2020 at 04:14 pm

Have a nice weekend everyone.  

You and Matt as well!

Posted by tahoe on 22nd of May 2020 at 04:50 pm

You and Matt as well! Take care, be safe!  Sit down, buckle in, next week should be interesting.      C|:-)

VIX heading for a double

Posted by roger on 22nd of May 2020 at 04:09 pm

VIX heading for a double bottom - next week should be interesting

Fridays are always up days

EOM crosscurrents should be very

Posted by profmel on 22nd of May 2020 at 04:13 pm

EOM crosscurrents should be very interesting! Sure seems as if they've got the shorts by the nads! Tom Lee and Marko K at JPM have been adamant we're headed to 3200-3400-3600 sooner than later. Makes me wonder if they know something about the state-of-quants that we don't????

Lately we've seen late buying

Posted by steve on 22nd of May 2020 at 03:56 pm

Lately we've seen late buying on Friday afternoons - maybe ES 2954 can be tagged 

Bingo on 2954

Posted by steve on 22nd of May 2020 at 03:59 pm

Bingo on 2954

SPX nice bull flag on

Posted by arun on 22nd of May 2020 at 04:05 pm

SPX nice bull flag on daily.....burnt my hands trying to short..Maybe 3000 on tuesday before we see any sell off

SPX 1hr Chart link > shallow

Posted by tahoe on 22nd of May 2020 at 03:29 pm

SPX 1hr Chart link > shallow INV H-S with Target to 3030? Thoughts?

Really choppy in a slight

Posted by EdZ on 22nd of May 2020 at 03:43 pm

Really choppy in a slight uptrend.

FB  GOOGL  AMZN    still

Posted by hoek2 on 22nd of May 2020 at 02:24 pm

FB  GOOGL  AMZN    still short?

Trade your plan if shorting

Posted by steve on 22nd of May 2020 at 02:59 pm

Trade your plan if shorting those stocks - don't worry about what others are doing.  AMZN and NFLX did not gap down today and thus provided more objective entries.  On FB watch 60 minute for double top or divergent high - if that prompts selling or not into next week.   

Thanks Steve, I was more

Posted by hoek2 on 22nd of May 2020 at 03:05 pm

Thanks Steve, I was more referring to the alarms.   which i see were just updated!!!

Take note - the alarms

Posted by steve on 22nd of May 2020 at 03:08 pm

Take note - the alarms ARE not a trigger they are simply a point of reference and delayed data. 

UNG Chart Link> 1hr >

Posted by tahoe on 22nd of May 2020 at 02:01 pm

UNG Chart Link> 1hr > ugly H-S forming? Target to below $10? Thoughts?

IOVA follow up and other issues

Posted by matt on 22nd of May 2020 at 01:12 pm

IOVA - Chart Link - this one busted out nicely.  otherwise I have not done any trades, been dealing with computer issues all morning, sucks

SPX 3 with Fibs

Posted by steve on 22nd of May 2020 at 12:48 pm

$SPX - Chart Link

Do you have to subscribe

Posted by winter39 on 22nd of May 2020 at 03:25 pm

Do you have to subscribe to the highest level to get VWAP, and how is it used?  Thank you.  Be glad to hear from anyone.

No. It's in the top

Posted by profmel on 22nd of May 2020 at 03:34 pm

No. It's in the top overlay drop-down  menu at the bottom of list.

am referring to Stockcharts, and

Posted by winter39 on 22nd of May 2020 at 03:29 pm

am referring to Stockcharts, and was looking below at the 3 minute $SPX chart

SPX Mapping

Posted by steve on 22nd of May 2020 at 12:27 pm

$SPX - Chart Link- here is one path that I will be monitoring into next week.  Let's see how the market acts into today's close as well. 

https://stockcharts.com/h-sc/ui?s=%24SPX&p=60&yr=0&mn=2&dy=0&id=t3025368500c&a=584502113&r=1590166555613&cmd=print- larger time frame view 

SURF bounced off it's 5

Posted by EdZ on 22nd of May 2020 at 12:25 pm

SURF bounced off it's 5 ema.

IOVA Updated View

Posted by steve on 22nd of May 2020 at 12:02 pm

JO pierces lower BB with

Posted by retirefire on 22nd of May 2020 at 11:52 am

JO pierces lower BB with a hammer

2934...2933.7...2934.15...2934 anyone care to guess

Posted by profmel on 22nd of May 2020 at 11:49 am

2934...2933.7...2934.15...2934 anyone care to guess where the algos are set?

Gold in a rapidly tightening

Posted by racerick on 22nd of May 2020 at 11:46 am

Gold in a rapidly tightening wedge here on 1hr chart

OMI Updated View

Posted by steve on 22nd of May 2020 at 10:16 am

OMI - Chart Link - evening star pattern played out as mentioned last night 

Ive got several freeze ups

Posted by watcdy on 22nd of May 2020 at 10:02 am

Ive got several freeze ups on trade station

market short term comments

Posted by matt on 22nd of May 2020 at 09:56 am

$SPX - Chart Link - 15 min, so far the morning lows on the cash was 46 points off the highs, which is the same as the last pullback - so that was a logical bounce off the lows

$SPX - Chart Link - here's a 5 min view, that broken coil trendline may offer some resistance 

ThinkorSwim seems to be having

Posted by EdZ on 22nd of May 2020 at 09:45 am

ThinkorSwim seems to be having issues today, both on PC and cell phone.  Only way to open or close trades is to call.  Finally came back.

same here, but working now

Posted by retirefire on 22nd of May 2020 at 09:57 am

same here, but working now

TOS took forever to launch

Posted by elementsix on 22nd of May 2020 at 09:55 am

TOS took forever to launch this AM... streaming info is inconsistent. Maybe a sign to take the day off.

Or maybe to TOSs TOS.

Posted by disciple33 on 22nd of May 2020 at 10:05 am

Or maybe to TOSs TOS.

TOS seems to be working

Posted by timsufo on 22nd of May 2020 at 10:25 am

TOS seems to be working here. SPY hit 291 overnight, wondering if that's the test for today if price breaks the 5EMA. 10 Year yields looking weak this AM.

Pivot supports

Posted by matt on 22nd of May 2020 at 09:37 am

these are not pivots but important support/resistance areas, currently price in a cluster area of support

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