06/13/2018 Live Update

[Cobra]

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no idea up or down from here. Roller coaster show at 2 pm, might move the market. I'm still on the backup connection. the internet is down for the whole area I live.

[Cobra]

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

[fehro]

mind the bearish rising wedge /ES .. SPX resistance and lower gaps… SPY H&S bearish wedge wedge still in play (as per yesterday)

[Wallstreetrader]

2800 next target ?

[fehro]

SPX still mixed..mind morning gap.. yLOD key..

[Cobra]

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

[Cobra]

it's morning hourly filled black bar. the implication is on the top right of the chart itself.

[te_fern]

Can it break to ST new highs....

[te_fern]

TICKs look pretty weak this morning....

[fehro]

NDX COMPQ nATH NFLX helps.. AAPL, AMZN, GOOGL, FB not so much .. yet

[te_fern]

VIX is staying relatively tame...

[fehro]

adv/dec -219 SPY Qs IWM green.. 5th day of lower highs/lower low on adv/dec as indexes push higher highs

[fehro]

TRANSports weak , TLT pushing

[Daniel]

TLT 119 is an area to note. Price is currently comfortably above. 119 is about where the 20day and 50day MAs are converging. It has also served as a support level in the past.

If TLT makes it to 118 on the downside it may well keep going a long time, pushing rates into the mid-3% zone--where it probably should be, given world econo-strength.

Also, a reminder that Fed days, which are generally bullish on that day, tend to be neutral to weak if the prior days have seen runups to new highs in major US markets. Most of the juice is used up in those cases.

[fehro]

SPX grinding.. .

[te_fern]

TICK for the QQQs have gone crazy, the big board is still struggling....

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[te_fern]

Seems like its trying to get back to flat before the FOMC meeting this afternoon....

[Trades with cats]

Different pattern today. Prior two days the big up moves were several hours before the New York open and then again when Eurozone closed. Today the overnight low is above yesterday's close. The big overnight move was the lower volume Asian markets. Now, the time for Eurozone to go home we are pushing the days highs, so after 20 minutes or so of nothing market goes for the bottom of the range. Just goes to show that two days in a row does not a rule you can trade by.

[Trades with cats]

As usual ES has now exceeded the i hour opening range on both sides.