10/23/2014 Live Update

[Cobra]

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I don't read it's a back test of broken price channel because rare it works. I think it's Triangle so bias is up.

[cletus]

Gap up goes exactly according to bear plan.

If you see a strong reversal within the first hour, that could signal the end of the recent up move. Bulls are facing a confluence of resistance here. Intermediate trend is still down despite recent strength.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Bman69]

194.04 spy pbar met, downside pbars not working at all, up up and away

[Out of Bounds]

Long 194.60
Many contributors here are making some very good points. Cobra has been spot on.
I'm hoping for a gap and run today. GL everyone.

[jway888]

Long 194.60
Many contributors here are making some very good points. Cobra has been spot on.
I'm hoping for a gap and run today. GL everyone.

never trade against the guru it seems is right all the time

[grandeG]

Long 194.60
Many contributors here are making some very good points. Cobra has been spot on.
I'm hoping for a gap and run today. GL everyone.

If you look at IWM it appears a bear flag is forming which looks like it might be complete around 112.50ish on Monday afternoon /Tuesday morn? IWM patterns have been much more reliable. It also appears that the pbar of 196.75 Mr. Myagi has been showing could actually be the turning point on SPY.

[cletus]

5 min QQQ goes to bears, current value < open value

[cletus]

10 min goes to bulls, small push up but still in the resistance zone

critical, critical times

[Cobra]

members only update at 9:40 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Out of Bounds]

Sold 194.64 I don't like the way this looks. NAZ keeps looking lower

[cletus]

15 min neutral, no real breakout either way yet

[fehro]

SPX 1m.. mind the gaps

[Out of Bounds]

short 194.54 RUT falling

[Tutti]

has anyone else noticed that since the bottoming day a week ago, every overnight session on the ES starts to rally at 3AM EST, when Europes desks come on? Also many days I have noticed that the AM sessions horsepower diminishes greatly (and generally the days high or the days first real sell pressure) as soon as the Europeans go dark at 11:30AM EST.

or maybe I am crazy

[cletus]

doesn't really have that strong reversal feel today...so far

[Trades with cats]

Dollar is rising, our economy is more solid, why not invest in US as a safe haven. I see the same thing. What I don't know where to see a chart of capital flows.

[cletus]

has anyone else noticed that since the bottoming day a week ago, every overnight session on the ES starts to rally at 3AM EST, when Europes desks come on? Also many days I have noticed that the AM sessions horsepower diminishes greatly (and generally the days high or the days first real sell pressure) as soon as the Europeans go dark at 11:30AM EST.

or maybe I am crazy

that's fairly typical of what I've seen over the past few years...at least among some traders they look for turning points in the market as Europe closes

[cletus]

QQQ update, bulls are trying to press above the line, but a false breakout is still a possibility, for now it doesn't seem to be happening, well, if it does break there's more resistance up at 98.88

[Cobra]

morning hourly black bar.