06/21/2018 Live Update

[Cobra]

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the pullback will be bought?

[Cobra]

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

[cletus]

What this daily pullback needs is a full day of selling. During the whole pullback every dip has been bought intraday and open to close has been UP. Predicting today or tomorrow you see net selling open to close.

[fehro]

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

[Trades with cats]

This is where it bounced at 8 A M

[fehro]

buckle up for the downside

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

[Cobra]

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

[Daniel]

Am watching the semis today.. SMH, after a big gap up on favorable Micron earnings, has seen a sharp reversal-- from a high of 109.50 down to a recent low of 108.

[Daniel]

IWM is breaking the OR-30 to the downside, currently giving back much of yest's gain.

AAPL was up nearly 1% a short while ago, and was helping to offset the weakness in the semis, leaving QQQ basicly flat.

USO has seen a sharp recovery in the past 15min, but XLE and XOP are still down >1%

[brokebybernacke2]

buckle up for the downside

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

about time, 3 bigger bear flags in a row on the 15 min. was expecting another gap down this am to mimic the prior 3!

[Daniel]

IWM testing the Mon/Tues high, may serve as support.

[cletus]

No major bounce today - should test the futures overnight lows of 2735 or so

[Daniel]

Am watching the semis today.. SMH, after a big gap up on favorable Micron earnings, has seen a sharp reversal-- from a high of 109.50 down to a recent low of 108.

Extraordinary reversal continues. $2 move from high to current fresh LOD in a bit over half an hour.

[fehro]

buckle up for the downside

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

[Daniel]

From Briefing.com:
Oil prices lower as OPEC/Russia kicks off two-day meeting in Vienna; energy shares lag

Chipmakers in focus; Micron (MU) rallies after earnings beat; Intel (INTC) slides following resignation of CEO Brian Krzanich

Industrial sector underperforms, further extending its big weekly decline

10am: The Conference Board's Leading Economic Index increased 0.2% in May (Briefing.com consensus +0.4%), and the April increase was left unrevised at 0.4%.

[fehro]

buckle up for the downside

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

about time, 3 bigger bear flags in a row on the 15 min. was expecting another gap down this am to mimic the prior 3!

yup … stair steps down … sell the rips

[brokebybernacke2]

china really not happy...is china or usa leader:)?

[fehro]

SPX @ 20d SMA INDU <20d/50d .. SPX 20d goes… look to 50d SMA

[Trades with cats]

If we get another one or two of these waves down I am thinking risk parity funds reducing leverage.

[fehro]

buckle up for the downside

SPX choppy here.. resistance.. mind all those open gaps… big fast moves coming

mind SPX 2745 it goes.. look for -50point drop.. /ES 2751 bearish wedge it goes… -100point drop