05/29/2018 Live Update

[Cobra]

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break down below the recent range, bad for bulls. Let's see whether bears can push down and down today. Usually it'll rebound immediately upon the open though so after the rebound, let's see whether bears can push down and down.

[Cobra]

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

[fehro]

SPX testing 20w SMA here 2698

[fehro]

SPX testing 20w SMA here 2698

as per usual.. mind the gap(s)

[JFR]

Overnight/weekend gap down on YM, ES and NQ.

[fehro]

VIX big gap up >20d SMA Check that TLT … doji "staircase" .. crazy

[Cobra]

members only update at 9:40 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Trades with cats]

Off to a slow start. With Italy blowing up big time last night there is another significant topic for the morning strategy meeting, so net result a slow start to the day.

[fehro]

mind your gold… dXY over 95.40 can really fly … DXY >50w/20w/20d/50d/200d …. thanks Italy as per last few weeks/months

[Trades with cats]

FT 71 was pointing out how the Italian crisis has dropped the interest rate on the Bund in half putting price into what he called "a bitcoin move" parabolic curve. If the US ten year had a move like that the FOMC would be summed to congress

[fehro]

mind your gold… as per last few weeks/months

talking weeks/month.. been say that also for week/months … nothing has happened…. yet

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Cobra]

it's morning hourly hollow red. the implication is on the top left of the chart itself.

[100sma]

I like this m30 engulfing bar.

[fehro]

SPX testing 20w SMA here 2698

as per usual.. mind the gap(s)

20w SMA near LOD finds initial support.. mind the resistance near here.. and the open gap under LOD

[Cobra]

will test ema20 which will let us know if bears are over for today or not. my guess (means no action yet) is bears are over? Just look at QQQ, very strong rebound so far.

[te_fern]

TICKs are trying to regain their MA lines...

[fehro]

SPX testing 20w SMA here 2698

as per usual.. mind the gap(s)

20w SMA near LOD finds initial support.. mind the resistance near here.. and the open gap under LOD

mind LOD lower open gap, if we drift down

[100sma]

Looking for buy stop.

[Al_Dente]

Investor sentiment higher than expected
White House slaps 25% tariff on $50 billion worth of goods on China