06/08/2018 Live Update

[Cobra]

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the usual pattern.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/06 ... ay-update/

[fehro]

Buckle up today… could get VERY wild today. could see -30 plus points down from oLOD

AAPL gapping down .. island top, weekly candle gravestone /NQ 30m bear flag, /ES 4 day H&S.. target is -26 points from oLOD

DXY pushing oHOD 20d SMA over it could fly up. /GC on the edge of cliff..
/CL bearish rising wedge 60m /CL 5m bear flag

VIX 4 day invs H&S… HOW goes target is +2 points 15.35ish

perfect storm brewing…. engage seat belts Indexes, gold, dollar, oil, and even crypto… all on the edges of large patterns.. all could move huge

if not.. ……………… BIG … gaps on Monday

[Daniel]

Divergence btw IWM (still green) and QQQ (gap down and testing yest lows) is the story of the first key bar, the OR-15.

Early weak dogs among the sectors: SMH, FXI both down >1%

Mild strength in IYT, XHB, and XLP. Oil and commodities flat.

[fehro]

tryin to fill morning gap Qs stuck at yLOD resistance

SPX looses 2671 lookin to Mon's top edge gap fill -20points = weekly SPX candle gravestone… not good

[Daniel]

SPX looses 2671 lookin to Mon's top edge gap fill -20points

..is that meant to read "2761"..?

[te_fern]

TICK appears to be consolidating....

[Trades with cats]

Big earlier morning rally by European time zone traders lifted price 14 points to get us where we are. I am keeping that fast fall potential in mind today. Can't think this flat chop will last all day.

[te_fern]

Semi's took it on the chin at the open...

[Daniel]

Energy and esp Oil Svc weak today. XOP down >1%

[Daniel]

Divergence btw IWM (still green) and QQQ (gap down and testing yest lows) is the story of the first key bar, the OR-15.

Divergence reversal. QQQ hod. IWM, MDY now both red.

[te_fern]

Wondering if we'll fill this triangle today....

[fehro]

gap downs under y bearish reversals dailies on NDX and COMPQ is not encouraging

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[Al_Dente]

NY declining stocks = 0.95 x advancing stocks
NY declining volume = 0.84 x advancing volume
Bears aren’t serious… yet

[Daniel]

Strong recovery in energy is powering SPY.
Modest recovery in the semis is powering the Qs.

[1der]

SPY PBars overnight -
277.37 above
276.00 below

[te_fern]

Back to the top of the triangle, will it hold.....

[Al_Dente]

QQQ
LOD

[te_fern]

Pressuring the bottom side now....