07/11/2018 Live Update

[Trades with cats]

Biggest crude draw down in the last couple of years. Gasoline inventories at the top of the band. Confident smart guys will write about this later.

[Trades with cats]

EMA did not hold this time. Through EMA, VWAP and point of control to (once again) bounce on yesterday's low. No idea how long that will hold ES 2780.50

[fehro]

buckle up

[Trades with cats]

Euro time zone traders going home.
9 am news driven dagger stopped at ES 2775. 60 minute OR low just above at 2777.

[MrMiyagi]

Market tried to get back up but was not successful. Needs to nap a couple of days

[rpccharts]

Got Gold? Harmonic by Larry Pesavento

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[fehro]

buckle up

[fehro]

Got Gold? Harmonic by Larry Pesavento

key time.. it breaks..1242 goes... won't be pretty.. looking for -$20 to -$50 drop / day

[fehro]

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

[Trades with cats]

Looking for a double bottom and a move back to resistance around ES 2783, but once it touches VWAP well we have seen afternoon sell offs before.

[Cobra]

sharp breakout then it's double bottom, key time.

[MrMiyagi]

sharp breakout then it's double bottom, key time.

LET'S GO BABY JANET'S GHOST!!! COME ON!!!

[Wallstreetrader]

oil crashing ....

[Cobra]

mini rebound target. exceeds it (I think bulls have chances) then I think the low might be in for today although may have another higher low test.

[Wallstreetrader]

ok

[Cobra]

record only:

typical false breakout (green arrow) trap bulls, then breakdown (red arrow) so bears thought the double bottom failed therefore good short (also double top breakdown), but unfortunately it sharply reversed up AS USUAL (now) trapping bears as well. I think the low probably was in because the current rebound exceeded the mini target. comparing all different colored highlight area it's clear the rebound got stronger and stronger.

[Cobra]

general pattern thereafter.

[Trades with cats]

Good day for fast moving scalpers, not so much for trend followers.

[Cobra]

Good day for fast moving scalpers, not so much for trend followers.

Yes!