05/06/2016 Live Update

[Cobra]

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3 Push down or not (therefore 2 legged rebound is due), wait and see.

[Wallstreetrader]

GM

Cobra Gap's are valid in cash or just ES ?

[fehro]

SPX gapping below 50d SMA 2042.26 not a good thing, / 50w 2026- ish / 200d 2013 / 20w 1994
Mind the morning gap, 2030 range possible better support. Pre-market VXX muted so far.
It's Friday.. could chop all day at the 50d SMA. Can't hold 50d.. 200d could come very fast…
and fwiw new moon today.

Weekly candle ugly at this level.. bulls would need a move up 2058- 2067 to doji it. 2074 to hammer it. 2067= flat for the week.

[fehro]

/CL - USOIL 20d 43.14, confluence 50d/200d at 39.94/.79 measured H&S 60m move is 39.90ish sitting on neckline 60m W/D/60m

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/05 ... ay-update/

[fehro]

SPX - pre open

[Wallstreetrader]

The HS Top these time are real !

[fehro]

VIX no reaction what so ever.. wedge still there.. holds here 50d… measured move = 2070ish in other words.. 50d hold to 20d bounce

[daytradingES]

low pre out giving rebound potential
initial push up
H/L est 2044.50 2026.25 18.25

could be 46 vs 44

[fehro]

watch out for the crazy bull … VIX red! SPX red

[Al_Dente]

Non Farm payroll 160k vs estimate 208k

[Al_Dente]

Goldman Sachs is firing traders.
"......... the investment bank announced layoffs in its fixed-income, currencies, and commodities (FICC) business, bringing its headcount reduction to about 10%. The news was first reported by The Wall Street Journal. Thursday's cuts follow a difficult first quarter for Goldman, which saw a 37% drop in trading revenue versus a year ago."

[Trades with cats]

low pre out giving rebound potential
initial push up
H/L est 2044.50 2026.25 18.25

could be 46 vs 44

I have a closing bar high of 2045.50. Congrats on once again nailing it.

[Cobra]

GM

Cobra Gap's are valid in cash or just ES ?

ES generally doesn't leave gap because it trades 24 hours.

[daytradingES]

8:51 AM 5/6/2016

so far 46.75
push back up and drop?

[Wallstreetrader]

IMO was short position close !
So more down ahead just a thought...
... facts are facts and cannot be ignored.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/05 ... ay-update/

[Cobra]

morning hourly hollow red.

[fehro]

CPC/CPCE call put extreme.. 1.25ish

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2016/05 ... ay-update/