05/07/2019 Live Update

[Trades with cats]

Lots of bets on a double bottom. (860 contracts)Same two points lower at 88.50

[Cobra]

breakdown with a good looking bear bar then it'd be downtrend day with perhaps later day reversal up. down and down day has been rare.

[te_fern]

te-fern I had not looked at a regular hours chart. Those gaps look like bomb craters! I have VWAP at 2901.50. You would think we would get there when the euro time zone crowed closes out their shorts for the day.

You saw the articles on how much Goldman gets for themselves plus several billion for clients on the Uber IPO so no way they let this get out of hand. Of course the White House will do what it can to help them get the market back up.

I would agree with the IPO's coming we should find some support around here....

[Trades with cats]

DOM shows lumps at ES 2895 sellers, and ES 2888.25 2888.5 buyers.

[Al_Dente]

5min
1) SPX finally filled that 12 April gap
2) 1/VIX is starting to wedge
3) QQQ "knock three times" is failing; cyan box target just below that

[Trades with cats]

As the people who are paid to write (cough, Cobra, cough) say, tops are a process. Looking for next week to turn ugly with the IPO stuff behind us and nothing but politics to move the market. Admit that this volatility is way more exciting to trade.

[Mr. BachNut]

We have two down gap targets within striking distance at 2888.32 and 2778.20.

First target tagged.

[JFR]

Pushing down for now.

[BullBear52x]

I am eyeing 78.25 (big dream)

but that is next level that make sense for now.

[MrMiyagi]

Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!

[te_fern]

Still in bear channel....

[Daniel]

I think the bottom is in now...

IWM undercut yest's low (made at the open) and is now above, it may be bottoming...

[te_fern]

Trying to escape to the upside....

[1der]

Lol!! Just learned something new in the arena of “how brokers manipulate their clients accounts” -

Interactive Btokers pop up “we repriced your Stop Order so it would not cross your set stop price”

Had a stop for my SPY long at 288.11, just before it gets there they repriced and triggered at 288.12. Had not seen that before

So, I got long again immediately at 288.14 because they were doing me a favor!!!

[BullBear52x]

wishful thinking, one more shakeout before a bottom is in today.

[Daniel]

Super-bearish day with 92% down volume and VIX at 20. Thanks Donnie!

It's making Mr. BachNut happy.

[Trades with cats]

Ninja has a setting so your stops are on your computer, not at the brokers. Assume some other programs offer the same.

[Trades with cats]

Did I just miss a Fed Announcement or a jobs report or something?

[JFR]

Riding the volatility. One minute chart on ES. Discrete moves large enough for scalps. Taking a break ...

[Cobra]

members only update at 12:07 pm
http://www.cobrasmarketview.com/2019/05 ... ay-update/