05/24/2018 Live Update

[fehro]

stalls here and LOD goes.. buckle up .. look out below big time

[fehro]

/ES yellow holds.. it goes.. look out below v2.0

[Daniel]

OK, now wait to see how the ema20 gets tested.

SPY is now above it, and the EMA itself is flattening and turning mildly upslope. However, QQQ is still struggling to get above its 5min 20ema.

15min timeframe, all three majors (SPY QQQ IWM) are still being rejected at their (downslope) 20 ema.

[Al_Dente]

Here’s my prob:
Lower low smalls price
But positive divergence on momentum (top panel)
That can be cured soon with a stronger momentum down
Otherwise it suggests a bounce is coming, soon, but could be 1+ days
[ps: below the SPX chart, u can’t see it here, is a similar pos diverge]
15m

[fehro]

stalls here and LOD goes.. buckle up .. look out below big time

congestion.. here.. still LOD goes.. will not be pretty at all

[1der]

stalls here and LOD goes.. buckle up .. look out below big time

congestion.. here.. still LOD goes.. will not be pretty at all

Back at 271.93 PBar

[fehro]

TLT pushes 200w/50d SMA near her 119.14/.11 .. retest.. or trying to bottom of sorts

[Al_Dente]

trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks

[Daniel]

IWM rebound has been the strongest, nearly went green, and is solidly above the 15min 20ema. SPY has been rejected several times at that level, QQQ is right AT it, as I post this.

[fehro]

trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks

nice letter he wrote.. .. ah the art of negotiations .. bad cop good cop.. but in the end .. a deal will be made.. and both will look good

[Al_Dente]

trump is supposed to speak re north korea (now or soon)
please post a link if u see it live, thanks

live here any minute
https://www.bloomberg.com/LIVE

[Al_Dente]

Classic squeeze
Perfect squeeze
Each 5min bar higher than the last; pauses don’t break below the last candle
It should relax or exhaust soon………
5min

[fehro]

pushing up mind cyan, white line next

[fehro]

bulls see invs H&S in there

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Al_Dente]

dodd frank bla bla
see KRE and PSCF for reaction

[Cobra]

Now we know it's a range day instead of a downtrend day. The question is where is the range high? My guess is probably not far if not already in because I see 3 push up now (red arrows).

By the way, another example is you have to guess to short (earlier), it's usually too late to short when the trend is clear, at least don't trust the breakdown which makes short more difficult because it means no short and hold therefore no good risk reward.

[Al_Dente]

NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue

NY declining stocks = 1.6 x advancing stocks (no, no, no, that means narrow-based selling…)
NY declining volume = 2.3 x advancing volume (… on healthy red volume)

NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.1 x advancing volume
bears gave it back............... AGAIN............

[fehro]

[Al_Dente]

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1min