International markets traders banter

[skc]

Just notice that Dow Futures is down more than 100 points.
Is this normal?

US an d EU market closed.

Not normal.. market bit edgey probably over the latest Trump news.

 

[SuperGlue]

Thanks skc.

Looks like a higher low pattern has form in the short timeframe chart.. Let's see if it will hold.

 

[Quant]

Well this sh!ts getting real , ATH 1 day , 3 week lows next , filled the gap SPX from 24 april just now and lower a big chance rest of week , been a good week , looking like one of these breakaway gaps I love so much

 

[CanOz]

Welcome back volatility! You've been missed in the equity space.

Nothing like that period of calm that makes a market ripe for a catalyst.....any catalyst.

 

[CanOz]

The Vix spiked almost high enough to test the gap, but not quite. The ES is just a few points away from the prior POC at 2353.75. Lows are a made at night, will this stay true?

 

[CanOz]

The Dax should bounce here, if not, or if it takes out 12448...look out below. The Yen is still sceaming...

 

[CanOz]

Gold near a key POC as well.

 

[CanOz]

Bonds breaking out....Looks like they have legs. Bunds too.

 

[CanOz]

Let the bounce begin

 

[pixel]

Let the bounce begin

The bounce will only last until the POTUS makes the next gaffe.
He is sanity-impeared fruit-cake and needs to be impeached. Then and only then is there a chance that "she'll be apples".

 

[Quant]

Got to say tad surprised the SPX 16 may gap filled so quickly with 21 april gap fill stellar support/rejection . Momentum waning last couple days . Back to home on the range with bullish fake break stop runs to fade back on my agenda . I'd suggest id have been stopped out of a couple fades this last 3-4 days if I hadn't been down coast on a break

 

[CanOz]

massive flash crash on the Dax

 

[Quant]

Bit of trivia , we have had 7 consecutive green days SPX and as I have stated previously there is no edge in fading consecutive green runs , only red . But thought id post it anyway ( its a quiet day ) I put my bullcount on bottom for the visual on how it ignores inconsequential bars

PS last time there was 8 consec green days was July 2013 , interestingly enough 2013 has a large cluster of big green runs

 

[kid hustlr]

My stats say the same on the FTSE fwiw. 6 green days in a row gives no insight into where the 7th will go etc etc

 

[Quant]

My stats say the same on the FTSE fwiw. 6 green days in a row gives no insight into where the 7th will go etc etc

Ftse actually looks a tad more useful than SPX as far as potentially fading the large count consec green days tbh just on a straight chart visual , when I have some spare time I will run some code/backtests over it , probably amount to nothing but I have to know now

 

[Quant]

Might amount to nothing but ive put a calendar alert in for daytrading at this time

"" Former FBI dir James Comey testifies before Senate Intel committee on Thursday at 12pm aest ""

 

[Logique]

Likely hung Parliament in the UK. This can't be good for market certainty.

Let alone where it leaves Brexit.

 

[Quant]

Likely hung Parliament in the UK. This can't be good for market certainty.

Let alone where it leaves Brexit.

Meanwhile its a sea of green short squeeze all over , Cable is getting hammered . I think that's the real way to trade UK these days , FTSE is incredibly irrational

 

[CanOz]

Carnage....

 

[Boggo]

A bit of fun chart that may be of interest on the S&P 500.
The weekly and the daily have fairly similiar patterns. Not as well defined on the daily but they both have a "typical" target area around 2700.
On the weekly we still have a W.3 within the W.5 to form so there may be a correction to come even though it has reached the min Wave 5.
Let's see how it plays out, time wise there is still 6+ months left in it to the typical W.5.