06/28/2018 Live Update

[fehro]

channel support.. if not triangle

[Daniel]

Fr. Briefing.com (about 10 min ago)

At midday, the 11 S&P 500 sectors are pretty evenly mixed between green and red. Five groups are higher, including top performers technology (+0.5%), financials (+0.6%), and telecom services (+1.6%), while six are in the red, including worst performers materials (-0.4%), energy (-0.5%), and industrials (-0.6%).

In the bond market, U.S. Treasuries are roughly flat. The benchmark 10-yr note is slightly lower, sending its yield to 2.84% from 2.83%.

{NOTE: The weakness in energy stocks is despite USO being up >1.5%}

[fehro]

channel support.. if not triangle

sloppy little 2 day 5m invs H&S SPY target if it goes is 272.12

[Al_Dente]

SHORT TERM options traders have been “risk off” since roughly June 19
Today there are positive divergences (green dashed lines) on a couple, and maybe, just maybe, that will change their minds
INVERTED volatility here
60min

[Trades with cats]

Coolbiz has gone back to bullish- but he got stopped out after the open.

SPX correction is likely over, expect a rally into next week beyond 2750-2770. 2691.99 should not be breached. at 2706 now, discl, hold long from 2694 area.

8:00 AM - 28 Jun 2018

SPX at 2710 now, raised the STOP to 2695, risk free trade now.

8:32 AM - 28 Jun 2018

[Al_Dente]

cats: thanks for your updates on coolbiz

[fehro]

channel support.. if not triangle

sloppy little 2 day 5m invs H&S SPY target if it goes is 272.12

[fehro]

channel support.. if not triangle

sloppy little 2 day 5m invs H&S SPY target if it goes is 272.12

buckle up looking for 2717 50d SMA tag

[Al_Dente]

ray dalio stepping down
he'll be live on bloomberg at 2pm ET

[Cobra]

double top or H&S bottom, wait and see. right now double top looks more likely.

[Trades with cats]

large level of resting sell orders showed up about 10 minutes before the first top still there at ES 2715. Could be algos but you don't know until it is tested.

[Trades with cats]

See for yourself, the orders stopped the move and new orders started forming a point higher and above. Note all the support forming around ES 2708. If it gets past the overnight high that would say something.

[Al_Dente]

Dalio: capitalism has to work for the majority of people
Currently it is not

[Cobra]

H&S bottom text book target

[fehro]

/ES test oLOD support SPX looking for bounce to 50d 2717.. reload short there .. long here

almost there 8 more points

2 points short - sell 2/3 longs +20points

[Al_Dente]

BAC issues a SELL on WBA because of Amazon online pharmacy 'threat'
https://www.cnbc.com/2018/06/28/sell-wa ... f-ame.html

[fehro]

SPX > 50d 2717

[fehro]

SPX > 50d 2717

[Daniel]

2 points short - sell 2/3 longs +20points

Beautifully navigated. This has been a very technically precise move so far, major landmarks serving as inflection points, and you've framed them well. Thanks for the guidance, to you and Cobra and all.

[Daniel]

IWM, QQQ fresh hod