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The real 11/8


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#1 zoropb

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Posted 08 November 2018 - 09:06 AM

Good day traders.

 

What may happen first is a small dip in the open then run them up. After yesterday I doubt we get more than the 2825-2838 zone and then sell off pretty big.  Depending on the high if the above scenario plays out, a drop to the 2795-2765 zone. So I do think the high comes in today. If the drop happens first then all bets are off for a high today and we are looking at 2760-2786 zone. The question of the high stays open.

 

 

I have an appointment later (past 12 eastern) so will be on remote and not be able to post until I get back.

 

 


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#2 12SPX

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Posted 08 November 2018 - 09:44 AM

Good day traders.

 

What may happen first is a small dip in the open then run them up. After yesterday I doubt we get more than the 2825-2838 zone and then sell off pretty big.  Depending on the high if the above scenario plays out, a drop to the 2795-2765 zone. So I do think the high comes in today. If the drop happens first then all bets are off for a high today and we are looking at 2760-2786 zone. The question of the high stays open.

 

 

I have an appointment later (past 12 eastern) so will be on remote and not be able to post until I get back.

 

 

Totally agree on this one!!



#3 K Wave

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Posted 08 November 2018 - 11:15 AM

YM has had a pretty good run up.

 

Once it shows signs of cracking, should join the others tiring out now.

 

Somewhere between YM 26,200-300 should run outta gas.

intently watching the 1 min chart now for signs of a flinch....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#4 zoropb

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Posted 08 November 2018 - 11:25 AM

12 I hope thats a good thing. lol

 

Kw  they wasted a lot of time so far I am thinking shallower by 6.5 points off the upper zone 2831.50 or less if new highs. crack that 2803.75 and south. Im on that. 


Edited by zoropb, 08 November 2018 - 11:25 AM.

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#5 K Wave

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Posted 08 November 2018 - 01:33 PM

YM has had a pretty good run up.

 

Once it shows signs of cracking, should join the others tiring out now.

 

Somewhere between YM 26,200-300 should run outta gas.

intently watching the 1 min chart now for signs of a flinch....

 

So far, so good....

 

Watch BA this afternoon...came down to 365 on the open, then rallied up to fresh swing high.

If it were to now take out 365, that would be pretty darn bearish action....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#6 K Wave

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Posted 08 November 2018 - 02:11 PM

Bulls not giving up on YM easily...

 

Need 5 min close under 26160 before this ramp can be declared over...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#7 zoropb

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Posted 08 November 2018 - 06:16 PM

I did not trade today just could not get free enough to read the charts. I did get back in time for the last 50 mins of futures and thought that was a stop run so shorted it at 2808 at breach of a bar after several attemps up. This is the longer type trade and I went in half.  bbl


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#8 gm_general

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Posted 09 November 2018 - 01:11 AM

Looks like SPX would have to drop at least 70 points tomorrow to hold the MACD resistance line its ended the day exactly at. So that being unlikely the MACD would then be free to move up to the top trend line. The bad news could be it could still cross above the current MACD resistance line and still drop a lot tomorrow. That would be temporary though. Rarely did I see such numbers falling off the back end on MACD that you could advance on such a point drop.



#9 zoropb

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Posted 09 November 2018 - 07:01 AM

thanks GMG for the heads up.

 

I just bailed for now on the longer trade out at 2790.  I think there is more but a little oversold intra-day and will likely hit it again on bounce.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.