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maybe rebound from here?

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

SPX minor gap down.. mind the "possible" pink H&S .. not sure.. /ES green upward channel /Cyan triangle ?.. more chop

fehro wrote:SPX minor gap down.. mind the "possible" pink H&S .. not sure.. /ES green upward channel /Cyan triangle ?.. more chop

first support.. mind yGAP and Thursday's GAP ..

SPX pushed down to the S1 pivot...

Volume profile on the left edge and the weekly VWAP are doing all the talking on the 15 minute view

TICKs are positive and are trying to turn back up....

RUT TRAN again push.. everyone else red, VIX green

fehro wrote:

fehro wrote:SPX minor gap down.. mind the "possible" pink H&S .. not sure.. /ES green upward channel /Cyan triangle ?.. more chop

first support.. mind yGAP and Thursday's GAP ..

neckline adjustment.. mind the morning gap.. tries to fill it.. struggles

te_fern Futures Trader 71 said Sit On Your Hands this morning for a trading strategy!
His style is to get in at around 100 to 120 contracts then gradually reduce at each potential turn until he is left with a small runner.
He said for the last two weeks he has been trading 1/6th his normal size because this market is so difficult to read.
His comments made me feel better about my personal performance recently, good to know you aren't broken, your just running uphill in mud with this market.

Hat tip to Alistair Williamson on Twitter

I think we have 3 speeches today


FOMC Member Kashkari Speaks  


BoE MPC Member Haldane Speaks  


FOMC Member Kaplan Speaks  

Any thoughts what are the topic of these speeches?

Thanks

Trades with cats wrote:te_fern Futures Trader 71 said Sit On Your Hands this morning for a trading strategy!
His style is to get in at around 100 to 120 contracts then gradually reduce at each potential turn until he is left with a small runner.
He said for the last two weeks he has been trading 1/6th his normal size because this market is so difficult to read.
His comments made me feel better about my personal performance recently, good to know you aren't broken, your just running uphill in mud with this market.

Very interesting. I wish I had the capital to trade a large enough size to exit in small amounts (commissions would eat me up). Hopefully one day. I have listened to Futures Trader a time or two and he is very informative. Need to make it a habit....

We are now into the middle of the overnight Asian session and yesterday afternoon's New York trading, so we will see how many will this area again. This is looking like a repeat of yesterdays 12:00 spike up, same place on the chart, same big green candle.

fehro wrote:

fehro wrote:

fehro wrote:SPX minor gap down.. mind the "possible" pink H&S .. not sure.. /ES green upward channel /Cyan triangle ?.. more chop

first support.. mind yGAP and Thursday's GAP ..

neckline adjustment.. mind the morning gap.. tries to fill it.. struggles

nada.. gap filled and then some.. resistance here…

Much higher and we run into this resistance line....

As fehro also stated....

Just buy a seat on the exchange for half a million or what ever they are going for, it cuts your trading costs in half. And you don't have to take any of those exams because you are trading your own money. Then you can add it to your internet signature, Member XXX Exchange along with the picture of yourself in the Italian super car

Usually the Hong Kong Tokyo trading hours are not significant but they set that overnight high that just stopped this move cold.