09/14/2016 Live Update

[MrMiyagi]

Crude inventory report not helping out SPY.

[fehro]

VIX holds 200d SMA… SPX 60m nasty inv hammer reversal candle

[Trades with cats]

Crude is in middle of Algo battle. Programs are not capable of differentiating shades of gray

Hey it is just an estimate of inventory and besides Libya and Iraq are both stepping up shipments. Show me an OPEC country that is reducing production.

[fehro]

SPX .. sideways.. near 2015 highs/levels

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2016/09 ... ay-update/

[fehro]

SPX channel holding again 5m.. at resistance on the 60m

[fehro]

SPX

[Out of Bounds]

Long 2120 for a bounce.

Could we close up into 2130? Def a possibility

[Cobra]

testing yesterday low, no idea if it'd break it or not as we could just be in a range, range high has been tested now it's time to test the range low.

[fehro]

SPX key level 20w SMA 2122.93 it goes.. looking for 2108 - 2098 open gap

[fehro]

AAPL to the rescue.

maybe not .. mind the daily.. should we close near the open and gravestone.. little sloppy H&S 5m

[Out of Bounds]

Added more longs at 2118

[fehro]

SPX 20w goes 2123.. looking for 2098.. mind the descending wedge 5m

[Trades with cats]

Maybe Kuroda San is out of new ideas to "try out" on the New York markets while they review what happened with the three different scenarios they pitched over the top of the partitions last night. It would be very stressful to be running a big bond fund right now. So with BoJ and CL as the two primary drivers of the market I feel like I am watching a silent slapstick movie from the golden days of Hollywood.

[ALdaytrade]

SPX 20w goes 2123.. looking for 2098.. mind the descending wedge 5m

Maybe going up to build the right shoulder? To 2133?

Then down to 2103?

[fehro]

SPX 20w goes 2123.. looking for 2098.. mind the descending wedge 5m

Actually.. .. could see a 30 point drop.. to 2090... 60m

[Trades with cats]

2098 is calling, and I don't know how the Autumn Holiday shut down will change things tonight and tomorrow night. PBOC punishing the shorts at the beginning of holiday shutdowns (last night) reminds me of some nature film where the great beast is surrounded by the little predators that keep nipping away.

[Trades with cats]

What an out of gas market, can't even bounce it above the opening print. Come on Janet, try harder!

[Al_Dente]

A rally won’t be taken seriously until the TICK (top panel) recovers here
5min

[Al_Dente]

HAPPY HOUR