07/06/2017 Live Update

[Daniel]

Naz advancers finally hit 1000... which is its HOD

QQQ is close by its high, and may bust thru, as VXN is near its lod

[Cobra]

"another push up" as I said. now let's see if bears can make a lower high. if not, then there should be another push up.

[Trades with cats]

What we saw today was a European Black Bear, a close relative of the North American Black Bear, but clearly not the same thing from a trading perspective.

[Trades with cats]

ES trying to make the end of the lunch break memorable with a move to S1 pivot and the opening print. Still short of the morning high. Assuming NY Fed's Dudley is working the phones.

[Daniel]

USO, XOP lod!

XLE not yet, and not really close.

Update: hush my tongue! XLE covered that ground quick-- LOD! EWZ as well.

[Cobra]

should be another rebound but could be just a lower high.

[Wallstreetrader]

off now cya tomorrow...

[Daniel]

SPY right back on that 50day, 241.20-30

Meanwhile Naz advancers have collapsed, well off high

[Cobra]

testing day low, key time. sharp rebound would mean double bottom so bears must push harder.

[cguirguis]

Thoughts on picking up some TSLA for a rebound down here?

[MrMiyagi]

Kidneys in the fridge are going bad, need to go harvest some more. They can't be frozen either...

[Cobra]

Thoughts on picking up some TSLA for a rebound down here?

the one of 2 reasons you want to buy TSLA here is it's the very first test of weekly ema20 in long long time, usually should be a rebound.

It's just "usually", there's always "exception", so nothing guaranteed.

[Al_Dente]

HAPPY HOUR

[Cobra]

HAPPY HOUR

[fehro]

sorry but I will buy monkey again, + div pretty clear, still beleive in the bull

possible bounce area.. 50d.. soo close 2413.70ish.. just 4 points lower

bouncy bounce.. 2422 resistance.. then open gap.. then triangle restest.. it's all oils fault.. sure not tech

stalls at 2423.. oil rally slips again as /CL makes nLOD undercuts oLOD. SPX ,50d 2413.. not good..

[Wallstreetrader]

We have a big Head & Shoulders breakdown !!!

[Trades with cats]

Sitting on the edge of the cliff.

[Cobra]

looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.

[MrMiyagi]

looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.

I think this market will flush my kidneys, SPY $237.50 is not that far down.

[fehro]

Not pretty dailies..