05/03/2018 Live Update

[Cobra]

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3 push down and testing the Apr 25 low so rebound from around here?

[fehro]

SPX 200d 2614 ish .. as per yesterday ..gaps green line… gapping near 200d .. under it look out below

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

[fehro]

/ES

[brokebybernacke2]

daily MAC d crossed negative , knocking near 200dma, do not like looks of this market, very heavy. really need china good news or this could nosedive..as someone usu. say here, i am buckled up

[Daniel]

As of yesterday’s close, the standard (12,26,9) MACD indicators applied to DJIA and SP500 are negative. This crossover (or negative histogram) has caused seasonal-switching strategies using this metric to issue a Sell signal for these indexes.

In the Hirsh version of the overall system, the NASDAQ has a “Best Eight Months” rather than best six, and its favorable period lasts until June. At that point MACD will trigger its exit.

[Junior Buffett]

daily MAC d crossed negative , knocking near 200dma, do not like looks of this market, very heavy. really need china good news or this could nosedive..as someone usu. say here, i am buckled up

If my memory serves I have seen Twitter from Trump saying dont expect any resolution of tarrif during this meeting or something along those lines...I dont expect anything coming out of this meeting other than rosy talk...

[Daniel]

EEM, SPY lod

[fehro]

SPX 200d 2614 ish .. as per yesterday ..gaps green line… gapping near 200d .. under it look out below

come to papa.. KEY time 200d SMA .. looks like it will be sliced like soft butter and gap fill under it

[Daniel]

IYT, XLF lod
Of the majors (SPY, QQQ, IWM) the smallcaps have been the strongest since the Open.

[brokebybernacke2]

SPX 200d 2614 ish .. as per yesterday ..gaps green line… gapping near 200d .. under it look out below

come to papa.. KEY time 200d SMA .. looks like it will be sliced like soft butter and gap fill under it

definitely will be a stop cleaner.

[brokebybernacke2]

daily MAC d crossed negative , knocking near 200dma, do not like looks of this market, very heavy. really need china good news or this could nosedive..as someone usu. say here, i am buckled up

If my memory serves I have seen Twitter from Trump saying dont expect any resolution of tarrif during this meeting or something along those lines...I dont expect anything coming out of this meeting other than rosy talk...

anything can happen, so much BS these days...just think its losing its sticking power. market did not move on "good" earnings, therefore, geopolitical it is..

[fehro]

SPX 200d 2614 ish .. as per yesterday ..gaps green line… gapping near 200d .. under it look out below

come to papa.. KEY time 200d SMA .. looks like it will be sliced like soft butter and gap fill under it

definitely will be a stop cleaner.

sliced easily ..look to SPX 50w 2586.96 next key level

[Trades with cats]

Getting a bounce off of the expected test of the low, now supposed to move up to yesterday's low smartly .

[fehro]

SPX green line key resistance… /ES tests yLOD from underneath.. SPY test Tues LOD.. horizontal resistance here

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Daniel]

Fast shifting markets. Situation is now the exact reverse of earlier-- IWM lod! Terrible RS versus the other majors.

[fehro]

SPX green line key resistance… /ES tests yLOD from underneath.. SPY test Tues LOD.. horizontal resistance here

SPX 1 point short of tag from LOD .. still looking for tag.. it goes.. gap fill look for a fast 10point drop.. then 50w SMA comes into possible play 2586.91

[victorm]

how it make you feel? https://www.bloombergquint.com/markets/ ... aders-club

[fehro]

bulls still have hope.. but VIX >50d/20d then there could be serious trouble ahead.. with indexes <200d SMAs