05/15/2018 Live Update

[Cobra]

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the pullback is larger than I'd like to see but still generally it should be bought eventually.

[fehro]

mind wedge / H&S /ES … SPX gapping down -15 points.. look to lower gap..

[Cobra]

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

[fehro]

DXY buckle up …. /GC <20d/50d/200d/20w/50w next support zone 1265/75 that goes.. look for a fast move to 1180… gold could be in serious trouble.. for months

[1der]

SPY Pbar below at 270.30

[Daniel]

DXY buckle up...gold could be in serious trouble.. for months

GLD 20day low. Donchian sell signal.

[fehro]

mind wedge / H&S /ES … SPX gapping down -15 points.. look to lower gap..

worse case today.. mind the 20d/50d retests INDEXes dailies.. VIX up sharp.. Expiration tomorrow

[Trades with cats]

15 minute bars view of the overnight action. Not trying to be all doom and gloom but we are back into the middle of the biggest short squeeze since Brexit and the volume profiles all look like this. Either a big bankroll needs to step in or we will be back at ferho's 2665 wall this week.

[fehro]

SPX possible support.. but Thurs GAP 2704-2698 looks like it wants a fill… cover partial shorts here from yesterday +30 … may bounce for a bit

[Trades with cats]

Looks like the S3 pivot may offer a little support. You know it is ugly when we hit the S3 in the first 30 minutes!

[te_fern]

TICKs started falling not long after yesterday's high....

[te_fern]

fehro has already mentioned the jump in the VIX this morning....

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[1der]

SPY PBar at 270.30 was nearly perfect with 270.29 low, so far.

It is disturbing to me that this so often plays out. Reeks of how deep and blatant the manipulation is

[Daniel]

TLT lod, down >1%.
If TLT were to close here, it would be a classic-MACD crossover sell signal--from the negative histogram area. The recent venture into the 119 area would be a clear lower high, and a target of the Feb low on TLT might then be attainable (ca. 116)

[fehro]

SPX possible support.. but Thurs GAP 2704-2698 looks like it wants a fill… cover partial shorts here from yesterday +30 … may bounce for a bit

not sure weak bounce, another RS of green H&S .. and breaks again.. look to 20d/50d tags

[QED]

SPY PBar at 270.30 was nearly perfect with 270.29 low, so far.

It is disturbing to me that this so often plays out. Reeks of how deep and blatant the manipulation is

Which is why it is important to watch the PBars. We know the market is rigged, the important thing is to stay on the
right side of the rigged game!

[Trades with cats]

It isn't that it is a rigged game, I think it more that those with deep pockets play a different version, like a medieval game of thrones, we all have our place but the rules for us aren't the same as for those with titles. If it was well and truly rigged I don't think we would see the turn over in the great houses. This is, after all the great game.

[te_fern]

See if it can jump the S2 pivot line..

[te_fern]

No go, pulling back....