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BUY BUY BUY -- ST low is in place


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#11 dTraderB

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Posted 15 November 2018 - 07:58 AM

Powell maintains FED's HAWKISH tone:

 

"a commitment by the policymaking Federal Open Market Committee to continue to increase short-term interest rates in a gradual but steady manner. The committee has approved three quarter-point increases this year and is expected to go through with a fourth in December."

 

https://www.cnbc.com...good-place.html



#12 dTraderB

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Posted 15 November 2018 - 08:00 AM

A great daytrading market this morning, especially the POUND. 

3 NQ trades, but only one POUND trade, so far.

 

Still ST bullish unless daily SPX closes below SPX 2690



#13 Waver

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Posted 15 November 2018 - 08:27 AM

dTraderB
SPX closes below 2690
On a daily basis or an hourly basis or 15 min basis......
?

#14 dTraderB

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Posted 15 November 2018 - 09:00 AM

that SPX 2690/95 zone is the pivot, the fulcrum, the key critical zone - intra and daily, bearish or bullish ST direction



#15 dTraderB

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Posted 15 November 2018 - 11:19 AM

another ST low, but a lower one...

Sterling on another leg down.

2 NQ and 3 Sterling trades since 9"30am EST



#16 dTraderB

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Posted 15 November 2018 - 11:35 AM

my hourly SPX on a BUY now

 

STOP @ SPX 2695



#17 dTraderB

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Posted 15 November 2018 - 12:10 PM

Buyers have been coming into the markets since early yesterday, more are buying the dips. and even more buyers today. 

 

Of course, this is not a one-way bull market now but this rally could go a long way

 

...and it could crash again with more political silly talk. 

 

But, another stronger ST low has been made, a higher swing hi  and swing low in the 5m SPX charts and the hourly SPX is on a BUY.

 

Good enough for a ST low for me. 

 

SPX 2695 STOP in any SPX long

 

Should get a fill on GE if it goes below 7.4 this week (spiked down trade)

 

JAN 2019 170 HD Calls (Larry Williams Thanksgiving trade), risking 33% of premium paid



#18 dTraderB

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Posted 15 November 2018 - 01:21 PM

BP 1.279 to 1.2725  TRADE OF THE DAY

600 points drop in 20 minutes 

 

Not too far behind

NQ soared 50 points in 10 minutes



#19 dTraderB

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Posted 15 November 2018 - 01:24 PM

On the way to SPX 2745/48 resistance and then 200ma @ 2761

 

If it does not get there then back down below SPX 2690



#20 dTraderB

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Posted 15 November 2018 - 01:32 PM

Strongest buying since last week fueling rally