07/24/2015 Live Update

[fehro]

SPX cover more shorts here.

[Cobra]

should be a rebound here first (15 min chart is a clear exhaustion bar) which might be sold.

[fehro]

INDEX days ..

[MrMiyagi]

Just a reminder, FOMC is on Wednesday.

[Al_Dente]

The FED blew it:
(everyone is covering this story, not just zh)
http://www.zerohedge.com/news/2015-07-2 ... mes-glitch

[Trades with cats]

TF (small caps) bouncing off S2 pivot, while the ES overshot by a point. Is it time for the afternoon counter-trend move?

[fehro]

SPX 2080.03 last weeks low.. bearish engulfing.. if we close lower

[MrMiyagi]

spy

[fehro]

SPX

[Cobra]

vol surge, biggest red, so might be a rebound here first then we'll see.

[MrMiyagi]

Well now....

[Al_Dente]

island filled
half-filled the green-gap
Full gap fill would be just below the 61.8% level
I think this waterfall is all about taking out the stops
The angle of descent yesterday and today is unsustainably steep, it should fan out soon (either by going sideways or up or both). Don’t know if it will be today or Monday.
Can't let the fanning out turn into a wacky runaway covering/rally ….

[MrMiyagi]

SPY $207.98 gap closed.

[fehro]

on the gap... VIX at resistance.. all out of shorts

[Cobra]

members only update at 1:50 pm
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[fehro]

INDEX days

[fehro]

now without the pre-market.. those P-bar from yesterday make the RS SPY 5m

Chart update - SPY 15m support orange

[fehro]

GLD moving.. as per earlier comments.. oil not so much... USD weakening .... /GC trying to hammer the daily..

[mozart]

Could we be at turning point here, begining of significant correction?

[fehro]

SPX into next gap.. outside reversal on the weekly now...