Back to www.cobrasmarketview.com

05/31/2019 Live Update

te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/31/2019 Live Update

Post by te_fern »

Looks pretty orderly so far. Will it fall out of bed soon???
Attachments
SPX.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/31/2019 Live Update

Post by te_fern »

I don't think its going to be closing the gap today!!
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/31/2019 Live Update

Post by Cobra »

I read the pullback as the higher low (or slightly lower low) revisit of the day low which usually is a part of a bottom process, unless it decisively breaks the day low.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2019 Live Update

Post by Al_Dente »

posted Wed May 29, 2019 12:08 pm
Some are calling this a H&S on SPY
If so, it is testing a breakdown right now at the neckline
If so, the target is ROUGHLY SPY 260
[add: or ROUGHLY 2600 on SPX]


Call this a busted H&S or a busted double-bottom, the target is nearly the same.
Daily
531busted.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/31/2019 Live Update

Post by JFR »

ES and cohorts back down beneath the open.
Attachments
2019-05-31_1001.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2019 Live Update

Post by Al_Dente »

“Harvard-Affiliated Hedge Fund to Shut Down”
https://www.thecrimson.com/article/2019 ... am-sq-cap/
zh is reporting this like it’s new; they often don’t mention any delay in their articles… that’s fine…. JUST DATE YOUR ARTICLES, please
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/31/2019 Live Update

Post by Cobra »

possible higher low trend reversal, let's see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2019 Live Update

Post by Al_Dente »

The last 15 days %
If I could fit $SOX in here, you would see it down -11.38%
531last 15.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/31/2019 Live Update

Post by JFR »

Ay, chihuahua!

2019-05-31_1034.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/31/2019 Live Update

Post by JFR »

STZ owns Corona.

2019-05-31_1041.png
Charts posted are not recommendations. They are just a sharing of information.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/31/2019 Live Update

Post by Trades with cats »

Morad (Futures Trader 71) showing and interpreting Bookmap Pro screen this morning. Start at 17:01
https://www.youtube.com/watch?v=rQHguPAymbU

The last couple of weeks he has added a short segment on Bookmap software every morning. The tool itself is not a cheep rent and it requires an expensive data feed. But Morad trades by selling a bunch of contracts at once then scaling out of his position so he really needs to know where, as he says, there is something to push against.

Many mornings there is nothing unusual. But when there is a disturbance in the force (like today) it does provide Jedi level incite.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/31/2019 Live Update

Post by Trades with cats »

Barley and Hops are a big ag business here in the inter-mountain west (western slope of the Rockies to the east slope of the Cascades) and we havn't been flooded out. Another major export from this area is dry beans.

I don't need to remind you how the rural areas of Washington, Oregon, Idaho, Montana, Wyoming and Utah voted.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/31/2019 Live Update

Post by Cobra »

testing day low, 50% chances of double bottom.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2019 Live Update

Post by Al_Dente »

Downside targets met on TNA, 15 min
FWIW
531target met.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2019 Live Update

Post by Al_Dente »

HAPPY HOUR
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/31/2019 Live Update

Post by Cobra »

the 3rd test of the day low, now breakdown is more likely.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/31/2019 Live Update

Post by Trades with cats »

RAMP EXPRESS No sign of it so far. Set up is there, we are within 5 to 9 points of VWAP which is just below opening print and we are close to the lows of the day. So my guess is the big move up an hour ago was it. That was 8 points in 4 minutes ending at VWAP Opening print.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/31/2019 Live Update

Post by te_fern »

Low better hold or this could get ugly....
Attachments
SPX.PNG
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 05/31/2019 Live Update

Post by Trades with cats »

ES 06-19 (2000 Tick) 2019_05_31 (1_45_29 PM).png
Tick based charts provide a different geometry for trend lines. Helps to frame the daily pattern. Sorry about all my comments to myself cluttering things up.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/31/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply