06/03/2016 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

must be bad data or too good data, anyway, let's see if bulls are buying this dip aggressively for the 3rd time or the 3rd time is different?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/06 ... ay-update/

[gappy]

Friday getaway lookin. 2 day.

Capture.PNG

A good start, bears must work through the Summer though and rub the lipstick off the pig. We will see. Vote Cobra, glta.

[sleeman]

another distribution day, no break down...next week same wedge build but maybe 5-10 handles higher to draw buyers in, however bears are putting their puts on no doubt about it and by next weeks end will get more aggressive.

[BullBear52x]

Fractals

[QED]

... bears must work through the Summer though and rub the lipstick off the pig.

[Daniel]

Kapow! Vigorous selling across many sectors, esp. the financials, reg.banks, homebuilders.

SPY testing pre-market lows here.

[BullBear52x]

Out and get ready to reload. a trade above 96.75 will be another ramp up day.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/06 ... ay-update/

[Out of Bounds]

Can't post - I have to catch a plane.

Still short and holding

[Daniel]

SPY 15min 200ema is ca. 209.15

[JFR]

Overnight gap down in ES, NQ and YM. And running. Support?

Back later ...

[BullBear52x]

Sell @ 87.5

[BullBear52x]

The reaction @ 83 will tell if Bulls will fight back or not.

[MrMiyagi]

SPY $209.15 from June 1st hit.

[MrMiyagi]

spy

qqq

[Cobra]

members only update at 10:18 am
http://www.cobrasmarketview.com/2016/06 ... ay-update/

[Cobra]

this bear has legs?

[Daniel]

Know your Oil Producer ETFs! Can't emphasize this enuf!! They are not like other industry ETFs, they do not always track together, either intraday or on longer timeframes.

OIH currently +0.5%, XOP down ca 1% (per Schwab)

[BullBear52x]

bulls lose the fight here I'll look to 61, may not be today but that will be the number if 83 failed to support.