06/04/2018 Live Update

[Cobra]

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this bull may have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/06 ... ay-update/

[fehro]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

[Cobra]

members only update at 9:36 am
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[Wallstreetrader]

Perfect like the books !!!

[Trades with cats]

Friday's high is FT71's line in the sand today. Target is that lonely 2754 area that was abandoned in March.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/06 ... ay-update/

[fehro]

tease .. almost fills gap.. IWM already gap fill red.. mind Fri's open gap IWM .. weak

[fehro]

INDEXes

[te_fern]

TICK still above its MA line. Looks like they are going sideways to down right now....

[Trades with cats]

Looking for an OR low (60 minute).

[fehro]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

nLOD into morning gap.. IWM RUT testing Fri's LOD .. Fri's open gap.. not good.. outside reversals possibly

[Trades with cats]

FT 71's guess for a selling day. Expected up at open then reverse down pausing at Friday's high then drop to 2724 with a possible next drop to 2726 then, either way an up move into the close.

He just calls out prior support and resistance levels.

[fehro]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

nLOD into morning gap.. IWM RUT testing Fri's LOD .. Fri's open gap.. not good.. outside reversals possibly

tries to hold support.. IWM still very weak… SPX daily at this level shooting star, gravestone

[Trades with cats]

Looking ahead to the Euro zone close I don't expect much. Only day traders with a nice profit bought during the Tokyo session. Eurozone before the North American open was 80 to 90 percent long but the drop into North American open pretty much wiped that out so I am guessing at nothing big between 11 and 11:30. Will be waiting to see if Cobra has to declare a range day again.

[Cobra]

my guess (just a guess) is up.

[brokebybernacke2]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

nLOD into morning gap.. IWM RUT testing Fri's LOD .. Fri's open gap.. not good.. outside reversals possibly

tries to hold support.. IWM still very weak… SPX daily at this level shooting star, gravestone

IWM is interesting and most at risk index, but so long we do not break lower line of wedge, ok... need to break out soon though b4 mac d crosses..

[Trades with cats]

Crude and S&P futures from Alistair on Twitter

[brokebybernacke2]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

nLOD into morning gap.. IWM RUT testing Fri's LOD .. Fri's open gap.. not good.. outside reversals possibly

tries to hold support.. IWM still very weak… SPX daily at this level shooting star, gravestone

IWM is interesting and most at risk index, but so long we do not break lower line of wedge, ok... need to break out soon though b4 mac d crosses..

better pic, chart is classic butterfly, bears got shots here. When the Fed is pushing up monetary policy and trying to increase the price of risk, large caps will outperform small caps. think their run is running on fumes...normally rotation goes into larger caps. june interest rate details coming in few weeks, timing right.

[fehro]

SPX at resistance, at open gap.. mind today's gap.. /ES at resistance..

nLOD into morning gap.. IWM RUT testing Fri's LOD .. Fri's open gap.. not good.. outside reversals possibly

tries to hold support.. IWM still very weak… SPX daily at this level shooting star, gravestone

IWM is interesting and most at risk index, but so long we do not break lower line of wedge, ok... need to break out soon though b4 mac d crosses..

yup not pretty dailies.. .. IWM 5m bear flag.. looks like it want's to fill Fri's gap outside reversal not good