06/24/2016 Live Update

[Wallstreetrader]

GM

hope we get it;) ...

[daytradingES]

from earlier this morning

First one shows trades of 6 pts or more and 3 contracts would be
$39K
The second is the o/n until 7:30 CT showing a -120 pt range with the low compared to the RTH low thurs -90

we are at a level to watch for the govt-buy-the-dip prgs to fade 2060 area (-- my NT and connection to TWS are having prbs.)

[MrMiyagi]

SPY hit 3min intraday 20ema. Should go down for a bit here. 5min 20ema is near $208.

[Al_Dente]

NY declining stocks are 7.3 x advancing stocks
NY declining volume is 7.2 x advancing volume

Started this morning near 20x

[fehro]

LOD goes.. looking for 20w 2039, then 50w 2023, then 2020 200d… if any of those go..
add to SPY P, VXX C

[daytradingES]

8:27 AM 6/24/2016

The difficulty in making estimates for today is that one is guessing the govt buy/manipulation prgs not the market.
I would expect a push up then down and a zig-zag down with a downday FE:SE

With this strong caveat here is today's
2028.25 = mid
H/L est
2048.75
2007.50
41.25 = dif

I have reduced my range from the autoestimates from 69.50 to the 41
DDAuto Est:
2161.75
2092.25
69.50
2127.00

GLTA
Don't forget there is still next week for selling and Friday is Crooks' Day !

dd Auto high est 2161.75 and HOD at this time 2064.75

[fehro]

INDEX .. TLT quite the pop.. 20w SMA under pressure NDX/COMPQ TRANSports multi month lows.. UUP > 20w SMA

[brucekeller]

I don't think the selling is done yet.

[Al_Dente]

[constantin]

@bruce

from my experience indices tend to creep downwards if they dont make a fresh low right at the start...so as cobra mentioned. spx was a bit too streched, small leg up followed by a downmove.

overall could be a dead cat bounce

[sleeman]

Fehro, I think we made a good decision in holding the puts and you going long gold..

Thanks.. went short the SPY, long VXX and had shorts on OIL, IBB,.. but short on GLD .. not huge positions.. but wrong on that.. was expecting the dollar to pop.. which it did.. but gold went up too.. overall good.. but the GLD options expiring worthless this am.. and a few further out.. not so good… but not huge positions small.

nice trade

[MrMiyagi]

spy

[Al_Dente]

Dow is now down -2.5%
By comparison, Black Monday October 1987 closed down -22.6%

[JTrader]

I saw a SPY p-bar all the way to 221.81 around 1045ET this morning. They deleted it and it's gone now, but that's quite a target to the upside.

[fehro]

SPX mind the two lower open gaps 2051-47 and 2041-2038 ish May 24 & 19

[Al_Dente]

London closes in a few minutes 11:30 AM ET
FTSE filled that island gap

[fehro]

Weeklys + 8/20/50/200w SMA

[Al_Dente]

[fehro]

624heat.png.png

as red faced as all the BREXIT pollsters

[Daniel]

624heat.png.png

as red faced as all the BREXIT pollsters

Not at all Fehro, you're being cruel.
Many of the polls predicted a close outcome, none predicted a landslide in either direction, and some were saying narrow victory for Leaving.