05/12/2020 Live Update

[JFR]

SPY Point-Figure 30 minutes.

[Al_Dente]

5/12 NOMURA: This Friday may change the picture significantly as options expiration means a significant shift in positioning.
The largest Gamma stries are at 2850, 2900, 2950 and 3000 (3000 is the monster $strike). All will be coming-off Friday….
Option expiry does not support any extension of the current Nasdaq outperformance and neither do the bond market's moves.

[flrtrader]

5/12 NOMURA: This Friday may change the picture significantly as options expiration means a significant shift in positioning.
The largest Gamma stries are at 2850, 2900, 2950 and 3000 (3000 is the monster $strike). All will be coming-off Friday….
Option expiry does not support any extension of the current Nasdaq outperformance and neither do the bond market's moves.

Meaning does not support higher prices? I was thinking up into wend/thurs targeting 2975-3000

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2020/05 ... ay-update/

[Al_Dente]

5/12 NOMURA: This Friday may change the picture significantly as options expiration means a significant shift in positioning.
The largest Gamma stries are at 2850, 2900, 2950 and 3000 (3000 is the monster $strike). All will be coming-off Friday….
Option expiry does not support any extension of the current Nasdaq outperformance and neither do the bond market's moves.

Meaning does not support higher prices? I was thinking up into wend/thurs targeting 2975-3000

https://www.zerohedge.com/markets/nomur ... ans-nasdaq

[flrtrader]

5/12 NOMURA: This Friday may change the picture significantly as options expiration means a significant shift in positioning.
The largest Gamma stries are at 2850, 2900, 2950 and 3000 (3000 is the monster $strike). All will be coming-off Friday….
Option expiry does not support any extension of the current Nasdaq outperformance and neither do the bond market's moves.

Meaning does not support higher prices? I was thinking up into wend/thurs targeting 2975-3000

https://www.zerohedge.com/markets/nomur ... ans-nasdaq

Thank you Sir,.. Does your opinion of a Short/Long here for this fri Expo align with theirs!

[Al_Dente]

Thank you Sir,.. Does your opinion of a Short/Long here for this fri Expo align with theirs!

This potential double top on SPX is serious resistance, but QQQ (FANGs) keep leading/pushing it up … that can’t last forever…
My targets were/are SPX 3000 and QQQ 235

[JFR]

SPY 5. Riding the EMA 20, but it is ugly and choppy. Scalps possible nevertheless. IMO.

[BullBear52x]

Good enough if we test overnight low at the least.

[Heck]

New Lows Bro's

$SPX 3000 bait just a tease ?

IYT Leading the Way

IYT Target - 74 %
From From 146.68 to 37.87
- 1.8 % Dividend Yield

[BullBear52x]

I can feel the test of 2895ish

[BullBear52x]

3rd time is a charm boss.

[Heck]

3rd time is a charm boss.

Nice calling

[Cobra]

Yes, so far it looks like a bear flag but bear flag works only 50% of the time even less in the past. Let's see.

[flrtrader]

No Fed Today,

I smell one huge Bear Trap... Sideways consolidation two days Tomorrow the Feds back and 2989 first target. Naz Futures back Positive. Bears no hope if they can't change their minds.

[Cobra]

Bulls may have chances here if this bar or next bar is a strong bull bar.

[Cobra]

Exceeds the mini rebound target and break above EMA20 before we can seriously consider the low might be in.

[Heck]

Double bottom text book target but remember, in a range day, nothing last.

Amen

[Al_Dente]

BREADTH numbers are bullish.
But when compared to April’s numbers, they are waning.
Divergence.

[flrtrader]

There's your over night low... Geez