Cobra's Market View

one more red tick from here I will switch side, \es must trade stronger from here on.

CHATTER = NOISE:
Worry re a rate hike. Right now fed-funds futures are pricing in just a 19% probability of a rate hike.
It’s not until June 15

Brexit worry: “an opinion poll by the Evening Standard newspaper and Ipsos Mori put the “remain” camp’s lead at 18 percentage points. What is most fascinating is that while phone polls show BREMAIN now in the lead, online polls signal BREXIT still leads - perhaps indicating age-related biases.”
Vote for England to stay or go is not until June 23.
Note symbol EWU

reverse to sell at 47. bulls are too weak for my taste.

Bulls and Bears now got buy and sell on both side. let see who will win out.

I am gone bearish now.

Al_Dente wrote:CHATTER = NOISE:
Worry re a rate hike. Right now fed-funds futures are pricing in just a 19% probability of a rate hike.
It’s not until June 15

Brexit worry: “an opinion poll by the Evening Standard newspaper and Ipsos Mori put the “remain” camp’s lead at 18 percentage points. What is most fascinating is that while phone polls show BREMAIN now in the lead, online polls signal BREXIT still leads - perhaps indicating age-related biases.”
Vote for England to stay or go is not until June 23.
Note symbol EWU

Watch this movie.. they are nuts if they stay in the EU... didn't realize how screwed up the EU is. hour long.. after market to view... https://www.youtube.com/watch?v=UTMxfAkxfQ0 " Brexit the movie"

100% mm?

Out of Bounds wrote:long 46.50

sold 51.00

SPX 50d 2058.40 SPY 205.74 over it.. not sure but could see a wicked up move to 20d 2069.44 / 207.12 not sure with FOMC… would need VIX to crash below green uptrend 14.81

the big fruit is movin on up....up 5.5% off the low last week...if big fruit is a leader...

fehro wrote:SPX 50d 2058.40 SPY 205.74 over it.. not sure but could see a wicked up move to 20d 2069.44 / 207.12 not sure with FOMC… would need VIX to crash below green uptrend 14.81

easy to do, lots of risker on one side of that vix boat...

/CL traders tryin very hard to hit $50.. USO key time, mind the open gap 200d. AUG 2015 lows resistance.

Long again 51.50 - looks like it will break out

bear trap ?
stops at 50% ...

When it fails its fast, it's coming my way that I know

now it's no man's land.

yes, now I see more weak hand, I like what I see for bearish position now.

SPX still short of the 50d.. minor little double top.. VIX weak -ish , SPX 60m wick-ish to the upside on those last 2 candles.

As Zerohedge reposted from others going long oil is betting that the Niger River Avengers will keep the pipelines stopped.

Timed that one poorly.
Still long

How's everyone?

Looks like micro intraday action is just grinding flatfest until 2PM fed minutes for a minor timing catalyst

Currently, see a micro 5m double top that bears need to break below 2044.5 to gain some momentum for 2037~ 100% measure move.

(I'm an intermediate bear as long as ES remains below 2060, thinking 2020 and 2000 very soon on daily chart)