Cobra's Market View

Bounced off of Fehro's 2418....

Both Tick's headed in the same direction, down!

Max Pain site calculator says SPY 239 and QQQ 139 for Fridays expiration.
http://maximum-pain.com/options/max-pain/

THE BIG FIVE
Overlay, not percentage
[recall that 9 june was tech crash day]

BITCUSD .. bitcoin.. mind the 50d

Al_Dente wrote:THE BIG FIVE
Overlay, not percentage
[recall that 9 june was tech crash day]

615big five.png.png

Looks like they maybe creating a double bottom. We'll see!

te_fern wrote:

Al_Dente wrote:THE BIG FIVE
Overlay, not percentage
[recall that 9 june was tech crash day]

Looks like they maybe creating a double bottom. We'll see!

Or potential double top as seen from the SHORT side
SQQQ is 3x the QQQ short
SHORT
5m

Weekend reading, I would title it "Amazon Jumps the Shark" and it is not a spoof-
http://stockboardasset.com/insights-and ... consumers/

With London/Frankfurt about to close there is disagreement about market direction. Smalls and DXY not that happy while ES is thinking about getting that gap closed over lunch.

Trades with cats wrote:Weekend reading, I would title it "Amazon Jumps the Shark" and it is not a spoof-
http://stockboardasset.com/insights-and ... consumers/

that's incredible boss

Al_Dente wrote:AD grizzly bear advantage at the open
has been slipping ever since

AD bear bias continues
Just a few minutes ago VOLUME (dashed lines) was 4x bear on both NY and NAS
Meaning that there’s plenty of selling volume concentrated in a few issues
It’s fading quite a bit now, but WORTH NOTING all the dumping that was going on…
5m

bears dream fwiw - SPX 60m possible diamond top, island top.. LOD goes, or we gap down tomorrow under 20d SMA 2418.. could slice 50d like butter to 2385 or lower

the pullback might be bought.

this is just too funny.. imo

Dennis Rodman's Gift To Kim Jong Un: A Copy Of Trump's "Art Of The Deal"

http://www.zerohedge.com/news/2017-06-1 ... s-art-deal

What happened the last time(s) when there was so much intraday VOLUME dumping going on behind the scenes
…the bull recovered for a day/few days…
But u can see today is a more extreme dump, compared to the last 20 days
[this is “recency bias”, so grain of salt]
5m, 20 days, bear internals

[ADD ON TO PREVIOUS POST]
Obsessing, but here’s my prob:
The 9 june crash day was when THE BIG FIVE crashed
The full nasdaq volume was not even near extreme on that day, as the crash was concentrated in the BIG FIVE
TODAY IS DIFFERENT, today the full nas was acting like Satan:
https://www.youtube.com/watch?v=liSseCH6_p8

Same INTERNALS chart with the BULL internals on the top two panels
Bulls are pretty pathetic today, but even a dead-cat bounce can turn into a squeeze
Usually only happens when u go to lunch and forget to set yr STOPS