05/29/2019 Live Update

[Cobra]

Wrote a post. Got an error when I tried to attach chart. Lost it. Same crap as a few weeks ago. Sorry. Bye.

Sorry, I don't know what this "internal error" is when uploading the chart. I sometimes see the same problem, so have to re-save or edit the image then try to upload again. Seems the software doesn't like certain attributes of the image.

[Cobra]

breakdown, so it could be a downtrend day. I'm not sure, will just watch.

[Trades with cats]

Consolidate and drop pattern, could we get another cascade down like yesterday?

[Cobra]

now it's clearly a downtrend day, at least this bear shall have legs. tough decision whether to chase low here as it's a little late so your call.

[ccash04]

In theory, the 200 MA and lower daily BB should offer some sort of support both around 277-277.5... But in the short term that can get blown through.

[Trades with cats]

I show three legs down from the 10:25 high. I am guessing we need to relieve oversold conditions before moving into that 2754 target zone.

[Al_Dente]

Wrote a post. Got an error when I tried to attach chart. Lost it. Same crap as a few weeks ago. Sorry. Bye.

Sorry, I don't know what this "internal error" is when uploading the chart. I sometimes see the same problem, so have to re-save or edit the image then try to upload again. Seems the software doesn't like certain attributes of the image.

This happens too frequently to be a “temporary glitch” and it’s very frustrating.
Couldn’t you go to your “host” and complain, and get to the bottom of this problem?
Most of us save text to “WORD,” then try again.
Evidently Mr. Bachnut and others don’t save to a WORD-style program, so fails are disastrous, plus he types four+ paragraphs full of great info; all lost.
We can’t afford to lose a valuable poster like Mr. Bachnut.

[Trades with cats]

Coolbiz saying his upper target of 2780 was hit so brace for some sharp retracing as it keeps going lower.
targets are SPX 2780,2760, 2722

[Trades with cats]

Glitch- I don't understand as I just click save image and it saves automatically in a folder I have set up for charts. I go to that folder to upload. So no typing, no decisions on my part. But some times I get the error message. Computers arn't supposed to work that way.

[Cobra]

members only update at 12:03 pm
http://www.cobrasmarketview.com/2019/05 ... ay-update/

[Al_Dente]

Some are calling this a H&S on SPY
If so, it is testing a breakdown right now at the neckline
If breakdown, the target is ROUGHLY SPY 260
[add: or ROUGHLY 2600 on SPX]

[tsf]

MrBachnut,
Since you and Cobra are both on Twitter, would it be feasible to send images (of charts and commentaries) from @MrBachnut to @CobraMarketView?
Thank you.

[Cobra]

1st test of ema20 in 2+ hours, so watch for ema short setup which usually is only good for a scalp though.

[Trades with cats]

End of month pension buying to re-balance estimated at 12 Billion. Short squeeze ammo.

[Al_Dente]

I wanted a third-push-down
But shorts are starting to cover here

[Trades with cats]

Up and into a box, then up and into another box. I don't like playing this pattern.

[Trades with cats]

Now the box is looking ragged.

[Trades with cats]

For the record I am seeing fun and games with the resting orders today. Occasional huge spikes at set prices that soon go away.

[Trades with cats]

Thought for sure we were headed higher. Had the ttrend line bounce and the fake out breakout pull back and then go for it move. But double top stopped it all for now. Maybe a second shot after a pull back to find buyers.

[Trades with cats]

Only question now is lower low.