06/05/2020 Live Update

[Al_Dente]

6/5 CTAs broadly speaking appear to have finished the job of covering their short positions in Russell 2000 futures and DJIA futures. [Nomura via zh]
[Pasta here: when short covering is done … no more buys to cover … the next step is usually down].
https://www.zerohedge.com/s3/files/inli ... k=eu8N3f0V

[JFR]

SPY 5. Riding the EMA 20.

[Cobra]

Just a reminder, not saying it'll, sharp sell off here would mean lower high trend reversal the high was in, so watch.

[Al_Dente]

WEEK AT A GLANCE early
Why are banks (red) so strong? IDK, maybe deposits?
But this is Q1 which is stale already….
https://www.axios.com/us-banks-hauled-n ... 9b2f7.html

[jademann]

Something for the bears
https://stockcharts.com/h-sc/ui?s=$VIX& ... 1309525406

Double top Nasdaq leading the reversal last time I looked..

[Cobra]

Testing support.

[jademann]

Finally UVXY woke up and said dont forget bout me!

[BullBear52x]

Honey hole = works

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

[BullBear52x]

Chart for the road, if bears got time, I would not worry, it will give back. option traders 100% call buying, Okay may be 95% Peace!

[Cobra]

The line will not hold another test.

[BullBear52x]

inverted hammer, watch TRIN at the closed, for position traders.

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what the next Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[marcueus3]

Hello Guys after a looong time not see