05/22/2018 Live Update

[Cobra]

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bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

[1der]

SPY Pbar Chart - Added one this morning below at 273.39. 274.20 above is still in play.
Blue = Not yet hit, Ornage = hit

[fehro]

SPX mind the gap.. GAPS

[fehro]

SPX resistance.. and open gap.. key time..

nibble tiny short 2741.50

[Trades with cats]

Market moved up overnight on 85,000 contracts, expected normal is 110,000. FT71 suggested that with the low volumes we are seeing you may not like it but you should adjust your trading.

[Trades with cats]

Top chart is open interest by the Hedge Funds (Large Speculators)
Bottom Chart is the July-August Brent spread.
Interesting situation with the Hedge Funds. Of course the Iran headlines are driving price but this is certainly setting up for a possible selloff, given the right catalyst, which could just as easily be a big trading house giving the market a push.

[fehro]

RUT weaker… red.. fills gap.. mind yLOD on IWM.. it goes look to yGAP = outside engulfing candle

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Trades with cats]

Market broke the curse of the lower high but not by much, not sure if Cobra will give it credit tonight so waiting for a bigger breakout but probably in vain.

[te_fern]

TICKs are moving steadily higher....

[ccash04]

playing for the rug pull here.

[Trades with cats]

That must be bad news

[te_fern]

Looks like the rug got pulled some here....

[1der]

ES 5.5 point 1 min down bar.

SPY PBar update 274.20 hit, 273.39 missed by two ticks.

[Trades with cats]

Confirms to me that the higher high was very weak when it retraces the overnight move in 2 and a half minutes.

[fehro]

SPX resistance.. and open gap.. key time..

nibble tiny short 2741.50

try's to fill gap.. takes out yLOD and fills yGAP = outside engulfing candle.. buckle up VIX pops

[Cobra]

yesterday's once more only earlier. it's hard to have rally going nowadays.

[1der]

ES 5.5 point 1 min down bar.

SPY PBar update 274.20 hit, 273.39 missed by two ticks.

Bang on the tick - SPY 273.39 is tagged.

[te_fern]

ES 5.5 point 1 min down bar.

SPY PBar update 274.20 hit, 273.39 missed by two ticks.

Bang on the tick - SPY 273.39 is tagged.

So, are all open pbars been hit (at least ones close by)??