06/27/2016 Live Update

[Al_Dente]

1 month %, hourly
Compare the eurofinancials (solid red)
to the U.S. banks and regionals (dashed red and dashed pink)

[Al_Dente]

Secretary of State John Kerry joint news conference with British Foreign Minister Philip Hammond
LIVE:
http://live.reuters.com/Event/Reuters_L ... ium=Social

[Al_Dente]

MERKEL - ARTICLE 50 IS VERY CLEAR: BRITAIN MUST MAKE THE APPLICATION TO LEAVE

HOLLANDE: UK A50 NOTIFICATION MUST COME AS QUICKLY AS POSSIBLE

[Al_Dente]

BERLIN (AP) — Merkel, Hollande, Renzi agree no formal or informal talks before Britain triggers Article 50 to withdraw from EU.

[fehro]

GBPUSD GBPEUR .. not there yet.. but long GBP could be an amazing swing long.. contrarian to everyone thinks Buy property in London.. once the USD = GPB

[fehro]

The Federal Reserve will release the second set of results from stress tests it has conducted annually on large banks since 2009 on Wednesday.

http://www.futuresmag.com/2016/06/27/fe ... ress-tests

[sleeman]

sellout 89, looking to short

[Mr. BachNut]

Mr. B here...

The NYMO cycle is down. It is a little unclear whether the current move is a fresh down cycle or simply a continuation of the one that started June 8.
Even though higher highs and lows got posted on the move from 6/14 to 6/23, which suggests an up cycle, it may have been a corrective move to the zero line that terminated with a fakeout high the day before Brexit.
Today's NYMO intraday low broke the 6/14 low close suggesting a continuation of the June 8 down cycle may be the case.

Multiple targets have been hit since the last post.
As with the June 16th low,the June 23 high failed to close a gap target during the open session.
However, these targets were clearly crossed in the futures market.
Interestingly, today's low also has failed (so far) to close the open gap from March 11.
So, perhaps unfinished business.
Below this target, there is a fair degree of open space below before next targets come into play.

My lower Keltner band was almost tagged this morning.
The continuing failure of the index to tag the upper keltner while making multiple lower keltner contacts in recent months is technically bearish in the big picture.

At the moment, NYMO is above the June 14th low while price is well below the June 14th low.
If this continues, we have a big bullish divergence.

I am long near the lower Keltner band for a corrective bounce.
I have a breakeven stop on. If stopped out, I'll try to reposition lower up until tomorrows close.
If this thing doesn't turn by then, things are pretty ugly.

[Cobra]

small double top. I just don't trust any bear patterns nowadays.

[fehro]

SPX .. small triangle, bear flag.. so weak.. but so is the VIX.. H&S 15m VIX "could" see a 3 point drop take out $23 neckline

[Al_Dente]

Rueters BREAKING: S&P lowers United Kingdom sovereign credit rating to AA from AAA

[MrMiyagi]

small double top. I just don't trust any bear patterns nowadays.

Really? Even with a billion point drop on the markets?

[fehro]

/CL W/D/60 nears neckline daily.. could crack hard or boune back to 50d.. cover USO P here.

[Daniel]

FXY lod
BUT.. JNK also lod. Not a normal correlation. Also, XOP lod

[sleeman]

sell 88.5es

[Daniel]

EEM, EWG holding well off their lows

[MrMiyagi]

ALL HOPE IS LOST

[Cobra]

possible higher low. wait.

[Junior Buffett]

ALL HOPE IS LOST

WHAT???? BULLS ARE DOING REALLY GOOD SINCE MORNING...WHY YOU COMPLAINING?

[user13]

ALL HOPE IS LOST

WHAT???? BULLS ARE DOING REALLY GOOD SINCE MORNING...WHY YOU COMPLAINING?

Today could have been as great snap back intraday rally with short term indicators so stretched, but it does not look like they will get it. Not a good sign to me.