These trading ranges are enormous... you have to dial in the hourly chart to get a read on it... This is truly one very FAST MARKET... so you have to adjust your targeting for it...
Biggest Bear Trap of All Times? (Friday's Pullback)
Started by
SemiBizz
, Dec 29 2018 11:27 AM
BREAKING NEWS
22 replies to this topic
#11
SemiBizz
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- Traders-Talk User
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Volume Dynamics Specialist
Posted 29 December 2018 - 01:04 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#12
brucekeller
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Posted 29 December 2018 - 01:49 PM
I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.
https://twitter.com/...1022720?lang=en
That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward.
#13
SemiBizz
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Volume Dynamics Specialist
Posted 29 December 2018 - 02:42 PM
Can always count on GS to suck a few more bears in...Just out today...
Goldman Sachs slashes growth forecasts
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#14
leverage4
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Posted 29 December 2018 - 04:43 PM
I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.
https://twitter.com/...1022720?lang=en
That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward.
Bruce, I also haven't collected data, but I remember thinking trade news would still be a market mover in the last several weeks like it was earlier in the fall, only to be surprised by the small blip it turned out to be. I think China is a huge deal that "should" impact the market but at this juncture it has been overshadowed by the Fed, re-balancing and just plain fear. Maybe it will resume it's "rightful" importance with this announcement, but my betting on it is just 60/40. twt.
Lev
#15
tsharp
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Posted 29 December 2018 - 05:26 PM
I haven't collected any of the data myself, but I thought in general that most of Trump's positive tweets in regards to China have been met with selling or not much reaction.
https://twitter.com/...1022720?lang=en
That was was on December 4th, talking about negotiations and a warm dinner with Xi etc. The market just went kind of flat into this next downturn afterward.
Bruce, I also haven't collected data, but I remember thinking trade news would still be a market mover in the last several weeks like it was earlier in the fall, only to be surprised by the small blip it turned out to be. I think China is a huge deal that "should" impact the market but at this juncture it has been overshadowed by the Fed, re-balancing and just plain fear. Maybe it will resume it's "rightful" importance with this announcement, but my betting on it is just 60/40. twt.
Lev
Please remember the last time we had trade news was at the summit (early December), then within 24-hours the state department (read deep state) arrested Meng Wanzhou, a top executive at Chinese tech giant Huawei, while in Canada... they completely undermined the good news on trade!
I wouldn't be surprised to see some attempt at something similar again.
#16
pdx5
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I want return OF my money more than return ON my money
Posted 29 December 2018 - 07:10 PM
In other words no one has a clue where market is headed next! 
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#17
saltlake
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Posted 30 December 2018 - 12:50 PM
In other words no one has a clue where market is headed next!
lol, exactly! I think we head up in short order to test the underbelly of the breakdown at 2600 ES, it can go back down from there for a bit.
#18
Waver
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Posted 30 December 2018 - 02:00 PM
Saltlake
Is this a bear market and last weeks low is taken out?
Is this a bear market and last weeks low is taken out?
#19
saltlake
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Posted 30 December 2018 - 04:33 PM
Waver, right now Im in the bear market camp, new lows coming after this momentum V bottom is over with. Im not married to that thought though. Im super interested how we trade this week, should be a big up day tomorrow or Wednesday.
