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What Trade war? Bounce in progress, S&P up 7 points


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#11 dTraderB

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Posted 23 March 2018 - 11:06 AM

ESM 2625.75 lows on consecutive 5m bars  from 11:55am may be the low for the rest of the day. 



#12 dTraderB

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Posted 23 March 2018 - 11:08 AM

I don't trust GOLDMAN et al

But, they could be right



#13 SemiBizz

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Posted 23 March 2018 - 11:41 AM

Well, they probably KNEW Trump was going to waffle on signing the bill...

 

And probably KNOW whether it is just a ploy or he means it...

 

I guess we'll all find out in a few minutes...

 

and maybe the market doesn't care about it and is more concerned with developments in the European Banking sector...


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#14 dTraderB

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Posted 23 March 2018 - 12:07 PM

Yeah, they knew and also they now know that TRUMP will actually sign the BILL later today or tomorrow. 



#15 dTraderB

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Posted 23 March 2018 - 12:08 PM

Multiple restests of the ESM 2625/27 support zone in the 5m chart



#16 dTraderB

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Posted 23 March 2018 - 12:43 PM

Looks like we will retest that GLOBEX low

2618



#17 dTraderB

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Posted 23 March 2018 - 12:55 PM

BULLISH engulfing candles on the ESM and NQM hourly charts



#18 tommyt

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Posted 23 March 2018 - 01:32 PM

"we have an EXTREME CLOSE - with AN EXTREME CLOSING TICK of -769... which sets up a very sharp bounce now"

 

Not much chance today. The invincible techs like AMZN, NVDA, and MU are very heavy and have more to go. This tape wont allow any sharp bounce here. But you could mean ES +3.



#19 dTraderB

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Posted 23 March 2018 - 02:02 PM

I am looking for a long trade after I exit this short entered at 2616.5



#20 CLK

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Posted 23 March 2018 - 02:17 PM

Covered daytrade just off the 2600 lows. Still loaded with crash Puts vertical spread 248/220 bought earlier.