07/20/2018 Live Update

[Cobra]

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double bottom or not, wait and see. 51% chances.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/07 ... ay-update/

[fehro]

SPX gap down.. mind the lower side.. VIX into 20d SMA and green

[Wallstreetrader]

...

[fehro]

SPX gap down.. mind the lower side.. VIX into 20d SMA and green

Stalling .. LOD goes.. look for acceleration down VIX eases .SPX retesting breakdown, and diamond break has potential for a huge move today..

[fehro]

downtrend and wedge test.. could break either way very hard

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[te_fern]

TICKs still positive, but look like they are deciding which direction to go....

[daytradingES]

Hi Cobra,

Thanks for the daily recaps you provide.
I think they are very helpful to everyone.

[Cobra]

possible higher low.

[daytradingES]

Here is a little chart FWIW - and today not much, LOL

On a longer term note, I have a the "feeling" of a bid sudden drop coming. Sadly I think it will be over the (or a) weekend. As I recall the sudden Yaun devaluation of Jan 2015 (?) was over the weekend and you would have had to be in before then Thursday or Friday to participate. On Monday, at RTH open, the US gov't came in and bought up the market as the SPY had fallen more than 10%

[daytradingES]

so far the range day/chop indicator (top secret - hah, hah) is showing a range day.

(hey thanks Sherlock!

[daytradingES]

update

[fehro]

TLT not happy

[fehro]

SPX at resistance and another bear wedge by a bear wedge, under a bear wedge.. lol

[Al_Dente]

The market cap of the top 5 S&P 500 companies: $4,095,058,706,432
The market cap of the bottom 282 S&P 500 companies: $4,092,769,755,136
Nice pie chart from Michael Batnick:
https://pbs.twimg.com/media/DiaiTLHWsAYAEEX.jpg

[Al_Dente]

AMZN
What caused that Prime Day outage?
Scroll down to “The first hour”
Pretty interesting
https://www.cnbc.com/2018/07/19/amazon- ... amble.html

[Wallstreetrader]

I think is safe say there nothing i repeat nothing that can take the market down these is hyper bull market !!!

[te_fern]

AMZN
What caused that Prime Day outage?
Scroll down to “The first hour”
Pretty interesting
https://www.cnbc.com/2018/07/19/amazon- ... amble.html

That was interesting....

[te_fern]

Seems to like this channel today....