Back to www.cobrasmarketview.com

   

06/30/2020 Live Update

Re: 06/30/2020 Live Update

Postby jademann » Tue Jun 30, 2020 2:27 pm

BullBear52x wrote:
jademann wrote:I understood that a VIX of 32 is supposed to mean a large change in the S&P index, which there is not. Is the VIX broken at this point?
https://stockcharts.com/h-sc/ui?s=$VIX& ... 9075927330

I use 16 and 24, volatility is way high on my read. over sold on $VIX, over bought on index, we should have a blip pull back first then will see, see the BB on SPX:$VIX it is border line bearish bias under the mid BB.


I had to use the free daily for the ema but these charts are equivalent.
I like my channels, I timed them out over much back testing and the green one combined with the ema is a good entry usually.

I am probably taking a break from the markets until July the 5th.
I am bearish more often than bullish, and I suspect that we will have support until after the holiday.
My comments were dictated to me by homie the clown
jademann
 
Posts: 632
Joined: Wed Aug 22, 2012 10:49 am

Re: 06/30/2020 Live Update

Postby flrtrader » Tue Jun 30, 2020 2:35 pm

Long since Friday close after panic, I am thinking they want 3100/3115 by Thurs Morning. I will cover all longs there and put 50% of holding betting big on a swan dive next week. My cycle work says next two weeks down 2915 , small bounce and down into Aug 2825/2850. I think the highs are in for a while. Very nervous being long here but holding.

:roll:
flrtrader
 
Posts: 476
Joined: Thu Aug 25, 2011 1:58 pm

Re: 06/30/2020 Live Update

Postby jademann » Tue Jun 30, 2020 2:44 pm

Covid earnings season kicks off on July 15th. so there will be plenty of nerves after J4th.

VIX is now indicating a minor UPRO Buy
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137

Lets see if they get the VIX down to 29 bottom of the blue channel, or if they really try 26 where the 200ma is, for a good J5th entry.
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137
My comments were dictated to me by homie the clown
jademann
 
Posts: 632
Joined: Wed Aug 22, 2012 10:49 am

Re: 06/30/2020 Live Update

Postby Cobra » Tue Jun 30, 2020 2:55 pm

Testing day high, 50% chances of double top.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 46669
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/30/2020 Live Update

Postby Al_Dente » Tue Jun 30, 2020 3:00 pm

'The central bank’s unprecedented actions allowed companies including Boeing, General Motors and Royal Caribbean Cruises, all hard-hit by the pandemic, to raise significant amounts of capital and stave off possible default—at least for now.' [WSJ]
User avatar
Al_Dente
 
Posts: 24366
Joined: Thu Jul 21, 2011 2:29 pm

Re: 06/30/2020 Live Update

Postby BullBear52x » Tue Jun 30, 2020 3:11 pm

I don't see bulls will give up, a trade below 3062 before I would say it's failing to hold intraday's high.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23142
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/30/2020 Live Update

Postby BullBear52x » Tue Jun 30, 2020 3:19 pm

Cash SPX Fib, strong bulls, not going to give in today, breakout is good.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23142
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/30/2020 Live Update

Postby BullBear52x » Tue Jun 30, 2020 3:32 pm

Chart for the road: tomorrow it is time to put on a bullish cap, histogram is good, bullish percentage not red any more, candles/bar chart all turning positive. dip will be bought. Peace!
Attachments
2.PNG
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23142
Joined: Tue Feb 22, 2011 3:47 pm

Re: 06/30/2020 Live Update

Postby Cobra » Tue Jun 30, 2020 3:34 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 46669
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/30/2020 Live Update

Postby Cobra » Tue Jun 30, 2020 3:51 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 46669
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/30/2020 Live Update

Postby Cobra » Tue Jun 30, 2020 3:52 pm

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 46669
Joined: Sat Feb 12, 2011 10:29 pm

Re: 06/30/2020 Live Update

Postby Heck » Tue Jun 30, 2020 4:07 pm

SP.1 Sep Futes SELLING < 3,101.25
Heck
 
Posts: 2005
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 06/30/2020 Live Update

Postby jademann » Tue Jun 30, 2020 4:51 pm

Big dump at the end.. I picked up some of that since it was so oversold.
My comments were dictated to me by homie the clown
jademann
 
Posts: 632
Joined: Wed Aug 22, 2012 10:49 am

Re: 06/30/2020 Live Update

Postby JFR » Tue Jun 30, 2020 5:32 pm

SPY 5. Up 3.90 on the day. Seems like hot air and helium.


2020-06-30_1428.png
User avatar
JFR
 
Posts: 4457
Joined: Sun Dec 02, 2012 7:24 pm

Re: 06/30/2020 Live Update

Postby Heck » Tue Jun 30, 2020 6:52 pm

I'm a little bull biased because real bears shouldn't be this slow, many days have passed, not down much so far. Possible range day today.


Good call Mr Co :D bra
Heck
 
Posts: 2005
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: No registered users and 10 guests