07/11/2018 Live Update

[fehro]

was lost in the oilfield today

/CL tagged 20d SMA and bounced… diamond pattern almost tagged.

[Trades with cats]

I am thinking a spike above and a spike below the main channel this afternoon with more resistance showing than support so guessing at a small drop into the close. Then who knows how crazy it will get during the overnight sessions.

[fehro]

back to SPX

[fehro]

/ES cheeky

[fehro]

stall again.. another H&S.. H&S stacked on each other.. my favourite reliable pattern

larger another… on weak bounce.. and fail.

[Trades with cats]

Oil- kemp at Reuters said Hedge Funds are continuing to get out today and have dropped Brent time spreads hard. Wondering if today is a longer term marker on the chart with algos reacting to an amazing inventory report then actual people reacting to the situation on the ground and the president's tweets.

Full disclosure I have read many articles on how the gulf kingdoms have funded the war in Syria to remove Asad and get a major gas pipeline built across the Med to Europe. Wondering if Trump will try to cut a deal with Putin to allow the pipeline and give the Russians something in return. It would make sense given his criticism of German dependance on Russian Natty.

[Trades with cats]

Cletus showed us the island gap reversal this morning, something we who trade futures don't see. Unfortunately Bulkowski says it is the dead last pattern for reliability, both tops and bottoms. So no help in predicting tomorrow.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp