05/30/2018 Live Update

[Cobra]

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Kiss neckline goodbye?

[Cobra]

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

[Trades with cats]

Overnight volume 2x. Asian session touched ES 2686 twice. European session did a lot of the lifting, then went flat for the US pre-open.

[fehro]

resistance here .. mind the gap gaps

[Cobra]

the open. all the recent gap up were faded. Let's see if today is still the same.

[Trades with cats]

ES 2707.75 overnight high price coming close.

[fehro]

IWM RUT all frothy.. and super excited for ATH retest, take out.. every else.. not so much.

Mind the double top in IWM RUT

[fehro]

SPX dabble short here and nibble IWM lotto P @0.22

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Daniel]

European Funds and energy relateds are the strong dogs of the day so far.

Bullish to see EUFN (european financials ETF) up over 1.5%

[Wallstreetrader]

italy cds moving up again not good ...

[fehro]

SPX dabble short here and nibble IWM lotto P @0.22

mind the gaps… pushing for the upper one… still iffy struggles

[Daniel]

SPY running into clear resistance at 271. QQQ stalled right at the R1 pivot/yest hi.

[Trades with cats]

So far today turning into Cobra's nightmare for trading, a range day and a tight one at that. FT71 calls them trading from the outside in, which sounds better than guessing at where the edges are, but it means the same thing.

[Daniel]

I believe the Fed's Beige Book will be released at 2 pm ET... and if so large investors may be in a holding pattern until then..?

[Trades with cats]

target ES 2714 or so, if it can keep running.

[Trades with cats]

i have a new indicator, prints FOREX FACTORY economic news releases right on my chart. They are rating beige book as a low impact release. Their big one in 5 minutes is a speech by Jordan, Chair of the Swiss National Bank.

[Trades with cats]

That move started three minutes before the SNB Chairs speech, which feels about right for a news embargo, or maybe it was a White House tweet.

[Cobra]

this bull may have legs. the recent reversal on up day happened around 11 am, so we'll know the truth in 10 minutes.

[fehro]

SPX dabble short here and nibble IWM lotto P @0.22

mind the gaps… pushing for the upper one… still iffy struggles

upper one it is.. mind the downtrends