06/11/2015 Live Update

[fehro]

SPX watching hourly candle for outside reversal.. and VIX to break wedge..

[DellGriffith]

daily SPY:

If anyone is wondering, I still have SPY in wave A down. Wave B up would be confirmed if we clearly close above the initial downtrend line, so that wouldn't even be something to look at until the end of today. Price is currently a little above the downtrend line, but if we reverse and close lower, then wave A down is still on.

[Cobra]

double bottom or not wait and see.

[Junior Buffett]

European stocks are falling like a rock, after news that IMF negotiation team return without any progress on Greece...

[fehro]

SPX 1m.. possible bear flag.. expanding wedge... still looking for that morning gap fill / 50d TRIN > 1.50 fwiw.

[fehro]

SPX 1m

[Denali92]

Nice post employment bottom - really quite rare....

http://www.cobrasmarketview.com/2015/06 ... ay-update/

Alas, their rarity means that we do not have a lot to go on.... except the same thing happened in March 2015!

-D

[uempel]

Update on this red bullish flag ...

[uempel]

European stocks are falling like a rock, after news that IMF negotiation team return without any progress on Greece...

European stocks (FESX) and DAX ended the day up - approx 0.5 percent.

[Cobra]

members only update at 12:15 pm
http://www.cobrasmarketview.com/2015/06 ... ay-update/

[fehro]

XLF slightly new high.. not all time high.. but high from 2009 lows.. looking a tad toppy here. 5 wave move in a bearish rising wedge, doji /evening star candle possibly..
M/W/D

[fehro]

crazy.. I know.... Short AAPL via puts, . 20d test, broken trend retest, horizontal resistance.. different chart..

1/2 position P sold triggered on that intra day spike down +65%

[uempel]

This is going to be one of the most exciting trading days ever - bye guys!

[fehro]

XLF slightly new high.. not all time high.. but high from 2009 lows.. looking a tad toppy here. 5 wave move in a bearish rising wedge, doji /evening star candle possibly..
M/W/D

yup don't like this chart... short via XLF 24.5 P

[fehro]

internals a tad weak.. TRIN still up there

[BullBear52x]

lets see how will the AAPL survive selling pressure this time.

[BullBear52x]

XLF slightly new high.. not all time high.. but high from 2009 lows.. looking a tad toppy here. 5 wave move in a bearish rising wedge, doji /evening star candle possibly..
M/W/D

yup don't like this chart... short via XLF 24.5 P

XLF is not a short setup on my read. last sell failed to make a new LL and now histogram is back positive. GS, JPM, BAC, and C they are all strong.

[BullBear52x]

Short setup in consolidation phase until it failed, so far they've not failing, try again here.

[BullBear52x]

Look at AMZN, the fight inside consolidation phase is still on, no buy interest on my side until histogram turns positive. simple, bearish bias until then...

[Cobra]

ascending triangle? bias is up then.