08/22/2014 Live Update

[Cobra]

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Rising Wedge breakdown, text book target horizontal blue line, well, dream only. Likely this pullback would be bought upon open.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

[fehro]

SPX 15m.. mind the red / green trends.. and lower open gaps.. should it get out of control...

[uempel]

Check the RSI on SPX 60 min ...

[joeynickels]

Well there you are. Nice chart. Welcome back.

[Mr. BachNut]

No changes.

Signals up.

Not withstanding the fact that this bull is an outlier that has broken most stats, this suggests a little relief is coming for the bears:

http://paststat.com/blog/spy-closes-pre ... -row-next/

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[daytradingES]

Possible breakdown today sold 1989.75 (on sim this week)

[Al_Dente]

*YELLEN: LABOR MARKET HASN'T FULLY RECOVERED EVEN AMID JOB GAINS
•*YELLEN SAYS THERE'S `NO SIMPLE RECIPE' FOR APPROPRIATE POLICY
•*YELLEN: FOMC SHIFTING TO QUESTIONS ON LEVEL OF JOB-MARKET SLACK
•*YELLEN SAYS GAUGING LABOR-MKT SLACK NEEDS TO BE `MORE NUANCED'
•*YELLEN REITERATES ASSET BUYING TO BE COMPLETED IN OCTOBER
•*YELLEN SAYS ASSESSMENT OF SLACK DEPENDS ON RANGE OF VARIABLES
•*YELLEN SAYS FASTER PROGRESS ON GOALS MAY BRING RATE RISE SOONER
•*YELLEN SAYS SLOWER PROGRESS ON GOALS MAY DELAY RATE INCREASE
•*YELLEN SAYS FOMC SEES SIGNIFICANT UNDER-USE OF LABOR RESOURCES

[Out of Bounds]

*YELLEN: LABOR MARKET HASN'T FULLY RECOVERED EVEN AMID JOB GAINS
•*YELLEN SAYS ...

Thanks.

[Al_Dente]

*YELLEN: LABOR MARKET HASN'T FULLY RECOVERED EVEN AMID JOB GAINS
•*YELLEN SAYS ...

Thanks.

full text here: zzzzzzz
http://federalreserve.gov/newsevents/sp ... 40822a.htm

[DellGriffith]

our current runup really isnt that amazing. back in late may to early june SPY stayed overbot on the hourly for about 3 weeks. now that was impressive. were not even close to that. back then we blasted out of a tight bollinger band formation while this one is coming off a small correction. either way its soul crushing for anyone thinking of shorting.

[Al_Dente]

aapl new hi

[fehro]

SPX 60m.. tad short of pink.. bounced off orange.. looks like we "should" tag pink... that's when it doesn't happen.. .... NDX new yearly highs.

[uempel]

Update:

[quientuves]

Double top??

[Cobra]

don't believe it's double top, but here's the target.

[Mr. BachNut]

Possible NYMO cycle top as of 08/19/14. Need to see more though.
We have lower high and lower low, but it was really just a ripple. So, perhaps next push could make higher high.
Target area has been tagged, but given strength of move, tagging upper Keltner band should be on the agenda.
If cycle top is in, price at cycle low should be at or below SPX high of 1982.57.

[Al_Dente]

spy backtests the 7/24 high of 199.06
today’s low is 199.00

[Out of Bounds]

full text here: zzzzzzz

No thanks.