06/18/2019 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

testing the previous high, key time. I say, pullback from here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/06 ... ay-update/

[JFR]

Overnight gap up on ES, NQ, YM and IWM.

[JFR]

Just basing so far, although IWM trying to break out at the top.

[JFR]

Breaking out. For the time being.

[Trades with cats]

1. Last time Drahi went full on Kurota they kept reporting that they (just like the Japanese) were running out of stuff to buy. But he says look I have a new charge card and I am ready to go shopping and its off to the races. Then, and this is starting to read like a court transcript on the story of an abused wife, Trump blasts a positive Chinese trade tweet and we tack on another 10 points. (Really, he says he loves you but why are you going back, you know he is going to hit you again)

Sellers sitting at ES 2930 on the DOM.

[te_fern]

Well, the smalls (along with everything else) made the break higher. Wish I could say I had some!!

[Trades with cats]

Sober point 2 Source of market buyers last 5 years

[te_fern]

Please no double top....

[Trades with cats]

Sober view 3.
Based on the last couple of cutting cycles they expect the US 10 year to end at 0.05%.

[Trades with cats]

And its on like Donkey Kong. DOM going nuts with buyers and sellers lining up.

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2019/06 ... ay-update/

[te_fern]

ST range....

[Mr. BachNut]

Another day... another gap.

The NYMO cycle is up.
Not much more to say than that.
The squiggles have been making higher highs and lows during the recent consolidation, which is constructive.

Pricewise, the last two up gap targets are coming into view.
The action this morning feels like capitulation, but there may be a few stubborn shorts still to be squeezed into those gaps. Don't know.
The down gap targets are stacking up again. So, there is plenty of bear food for when the next turn comes.

The May 1 high and the June 1 low appear to be critical prices.
Closes above the high would complete a serious cup and handle with targets well above 3000.
Closes below the low would be a failed test of the 200 MA and trigger liquidation of patient longs.
Let's see what happens!
I am seeing bulls and bears alike making passionate arguments in social media and news flow ahead will have an effect.
I haven't got a clue.

I am long SPX and R2K and have taken scales in both.
My SPX runner has a BE stop but the R2K position is awaiting some adjustments.
Today's break up helps a lot as my entry was late given the speed and slope of the move.
No plans to exit or reverse until a turn appears.

[Cobra]

if breaks above day high with a good looking bull bar then it's an uptrend day.

[Trades with cats]

Re-test of the double top. Expect corporate types telling Goldman to keep some spare fire power for tomorrow. However I do think this puts Fed in a really bad situation. So I am confident they will follow the plan and jaw bone accommodation while doing nothing.

[Cobra]

breakout is more likely. I see C&H or consolidation, not double top.

[te_fern]

There's Cobra's breakout!!

[te_fern]

Can we get a back test???

[te_fern]

Back test and bounce....