06/08/2016 Live Update

[fehro]

SPX break it? or gap it tomorrow? or at 3:00am .. with Draghi

[MrMiyagi]

spy

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2016/06 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been overwhelmingly bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Out of Bounds]

Holding short overnight (w/ very small profit)

[BullBear52x]

Chart for the road: Indecision day with negative histogram short term, tomorrow bears might have a chance currently is at first come2papa sell, will it continue into tomorrow that is 30K$ question. /ES 5 min. bears got a little wind on their back but no bearish candle I can call to yet. maybe tonight I will have to get up at mid night to check it out? tomorrow is another day for me. Peace!

[sleeman]

anyone with a view on if tonight the overnight plunge protection team PPT will be on duty ?

[fehro]

worth a shot.. stop being moved down .. closer to today' highs

[sleeman]

They'll prob take the night off, its easy enough with these low volumes during the day

[Out of Bounds]

So far, so good with these shorts.

[sleeman]

I see now why bears didn't step in today and let that wedge play out so high. Drahgi has spoken. Mkts less and less impressed. 4 trading days to position. Should see more bear action above 2100 or even in the 2090s since there just isn't the volumne

[sleeman]

Predictive trading column (if you're into this).

Anyone also notice Soros in WSJ June 8th. 2nd time in 1 mth putting on shorts 5 trading days before an FOMC announcement....and in the WSJ ? Along with all majour banks and their bearish reports in the past month. (these guys own the Central banks or if they're not in the know, they're putting on pressure).

Alt-mkts came up with this
While I understand the argument that the Fed would be “better off” taking its time and raising in July or September, I want readers to entertain another possible scenario for a moment. Imagine if the Fed raised rates in June to everyone’s shock and surprise. Market turmoil is almost a guarantee. A hike in June BEFORE a Brexit event would also be easier to rationalize to the public than a hike after a Brexit event. Alt-mkts also points out the FED has continuously communicated without fail its plan to increase and its cred is on the line (data dependant ? since when does the fed read the same date we do)

In previous post, I also question the date set on Brexit. In anycase, perhaps more importantly....there is divergence among the majour talking heads .....fed cred is all the system has got.

.......just building a case on a possible increase on the 15th......

[Wallstreetrader]

Now we are in connection , good reading...

just add more the opex data 17 June, is a perfect cocktail...

[fehro]

.......just building a case on a possible increase on the 15th......

it's now or not until after the election…

Almost there.

[sleeman]

..increase in the fed funding rate.

My view
- no increase , bull head fake, spy bias down
- increase, spy bias down
(I haven't decided yet if I will hold a position over the event....leaning towards a short)