06/20/2018 Live Update

[Cobra]

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the rebound may have legs? Sorry about late start, the server was down.

[fehro]

/ES SPX

[Cobra]

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

[fehro]

SPX resistance here mind the morning gap… more gaps than swiss cheese .. no cheese.. all holes

[Trades with cats]

Morad (FT71) was looking for a possible consolidation day today with a tight range. We certainly saw consolidation in the Euro zone trading with a double top that looks like a brick wall at ES 2776.25. The gap up open was pretty much all the work of the Asian traders last night, a polite way of saying the lowest volume.

[Trades with cats]

Yes I do have a graphic to back my comments.
M<y new toys are a Divergence Ossilator (one of those triple smoothed ones) with the PPO superimposed as well as a divergence to price thingey drawing all the purple lines and dots that I haven't figured out.

[Cobra]

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

[fehro]

COMPQ nATH NDX not yet TRANSports red

[fehro]

SPX resistance here mind the morning gap… more gaps than swiss cheese .. no cheese.. all holes

filling morning gap.. trying to ..

[Al_Dente]

[Trades with cats]

Coolbizone has evaluated things and has an updated opinion:
"SPX current Wave Structure, needs to close over 2787 for confirmation for higher projections. 2743 low must hold or its correcting further. Use STOPS for all trades."

Price action crowd would point you towards 2788.25 ES as the POC from the several days market was higher. So maybe that price range becomes a self fulfilling prophecy.

[fehro]

SPX resistance here mind the morning gap… more gaps than swiss cheese .. no cheese.. all holes

filling morning gap.. trying to ..

2762 breaks.. look out below.. "could" accelerate

[te_fern]

Coolbizone has evaluated things and has an updated opinion:
"SPX current Wave Structure, needs to close over 2787 for confirmation for higher projections. 2743 low must hold or its correcting further. Use STOPS for all trades."

Price action crowd would point you towards 2788.25 ES as the POC from the several days market was higher. So maybe that price range becomes a self fulfilling prophecy.

Thanks!

[te_fern]

Someone said yesterday that Bio's aren't effected by the trade wars. I guess not, up over 4%....

[te_fern]

that may have been an 'affected', I don't know, I'm an accountant! LOL!

[te_fern]

TICKs are hanging in there today, going sideways. Working off some of yesterday's slow grind higher...

[te_fern]

It appears that the SPX filled this morning's opening gap. See if she can mount a rally from here...

[te_fern]

Taking a stab at the semi's today....

[Trades with cats]

ES has left a 0.75 point open gap.

[fehro]

COMPQ nATH NDX not yet TRANSports red

VIX perking up