06/02/2015 Live Update

[MrMiyagi]

Do you see a bearish market anytime? If so, what's your time frame?

Woopsies starting?

[BullBear52x]

One more buy here, this is when TSI is coming handy.

[Cobra]

double top text book target. not sure.

[fehro]

possible minor H&S SPX 5m.. target 2109 ish under 20d

[BullBear52x]

Chart for the road. Now the market god knows everyone is looking at this, lets do the gap setup gap tonight? peace!

[BullBear52x]

One more warning chart, it's fearful market, with RSI of this chart closed >50, down market directional is to be expected. lets wait until the close for this setup.

[fehro]

INDEX SPX / RUT testing 20d/50d

[MrMiyagi]

Greece issue close to being done.
Good?
Bad?

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

members only update at 3:00 pm
http://www.cobrasmarketview.com/2015/06 ... ay-update/

[Trades with cats]

ES finding support at the pivot Point 2109. Still time to run it up to R1 at 2118.

[Daniel]

GOOGL: Shorting risks a dollar for 3-5, back to 553-555.

Per Schwab, GOOGL currently above both R1 and R2 pivots, and rule is former resistance becomes potential support-- so R2 is right at the beginning of this target range { 554.78 }

Look at that. Price moved to exactly 554.75ish (exact low of 5min bar, per Schwab, was 554.71), before bouncing a bit-- as many on this board have observed, these arbitrary 'pivot' targets are being tagged with such exactitude, it means large buy and sell programs are just going on and off like fireflies. There are no more investors left, just robots.

[Al_Dente]

!!! POWER HOUR !!!

[Unique]

Hey, I'm back for a little bit. GOOGL: My alerts show that GOOGL at daily breakout candle and at the 588 double top resistance first try. Might be a good scalp short...

First of all, U., ongoing thanks to you and to Fehro and to BullBear52 (and of course to Cobra-da) for the beautiful framing of the market--and of individual opportunities--that your clear and actionable charts present to board viewers.

I definitely "see" the markets better when viewing them thru the filter of this community.

That said, did you perhaps mean 558 rather than 588 in the above? Or were you using a variant Google class of stock (and symbol)?

Thx.

Oops, I often type too fast when I post. It is 558 double top daily (first try, not 588. It was a decent risk 1 for 4-5 scalp short.
Bears too weak, couldn't even get back to 554. (held 15m 20ema sticksave for now)

[Junior Buffett]

Greece issue close to being done.
Good?
Bad?

Bad..now FED can raise the rate...if Greece fails, FED will not able to raise the interest rate..

[fehro]

may get that lower gap <50d close yet... SPX ... H&S on top of another H&S..messy.. but I like it!

[MrMiyagi]

Bad..now FED can raise the rate...if Greece fails, FED will not able to raise the interest rate..

Makes sense...

[fehro]

SPY 15m .. last two days.. identical looks like little "hooks" .. crazy

[Unique]

GOOGL Update:

Since today is a bull day, tomorrow or later this week needs follow through to close above the 558.24 res
or else this is merely just bull trap. (past four weeks of nothingness, tight range)
--
Remember, the name of the game is to not get trapped on trading follow through patterns/setups, since we're in a tight range bounded market.
Much easier to buy the dip at key support level and short at resistance (hourly) on /ES or SPY.
Range bounded until price proves otherwise.

[Al_Dente]

SPY is meandering but $VIX is in a solid-red channel until proven otherwise
60min
(ignore vertical lines)