Cobra's Market View

Gap up above yesterday's range so chances are good that the gap won't be filled. Key point here, bulls either must go up and up or consolidate above the breakout point before up and up, otherwise a sharp pullback here would looks a lot like a Double Top.
Institutional actions from stocktiming.

good morning

Morning!!

GM, ES is right at resistance and Neg. D right at the moment.

Cobra thanks for your tireless effort on this forum

Good Morning.

Good bye...er...good morning, Ruby Tuesday.
ES http://99ercharts.blogspot.com/2011/06/es_28.html

morning all.. caught a nice move this morning in crude and it stopped exactly at the weekly pivot and reversed .. 92.18... if we break 92.18 there's a very good chance we close the 93.40 gap.

EURUSD
Au revoir mon vieux.
http://99ercharts.blogspot.com/2011/06/eurusd_28.html

good morning and good luck

the open.

overbought in 60 min and 15 min time frame.

Looks like bulls are trying a bit of a heavy lifting here...

The view from here, will 1284-1285 become support (20 DMA)?

XLF is lagging. Shorting SPY @ 128.70

There is some trend line resistance here from June 1st, and June 22nd...

SPX
What is "Gartley Pattern" in Greek?
http://99ercharts.blogspot.com/2011/06/spx_28.html

nasdaq above red trendline on the 30min

99er wrote:SPX
What is "Gartley Pattern" in Greek?
http://99ercharts.blogspot.com/2011/06/spx_28.html

Popandropadous?

shumushu wrote:nasdaq above red trendline on the 30min

QQQ at resistance. Should fall at least from 55.10 from here I think

market show top sign at 1283 ahead of richmond at 10:00. if data bad, we will see sharp drop.

rhight wrote:The view from here, will 1284-1285 become support (20 DMA)?

Yes, I guess the 20 DMA is crucial, now at 1284.13, SPX must close above. On my hourly chart I got a buy signal 10 minutes ago.