11/01/2016 Live Update

[Al_Dente]

SPY ignored a chance to double bottom, then ignored the chance to triple bottom (well, still testing it)
And now the blue-box target is met on that little H&S I posted earlier

[fehro]

SPX daily testing Jul 8th gap

[fehro]

morning 6 chart.. Descending wedge cracking.. "could" morph into a bullish falling wedge.. should this be a "false" break. VIX has room. SPX 200d 2080 seems doable

[Cobra]

members only update at 1:48 pm
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[Cobra]

vol surge, maybe a rebound here first which likely would be sold.

[Al_Dente]

Dumb questions:
Tomorrow is FOMC right?
No rate hike right?
So is this just the setup for the no hike rally?
Oy

Elsewhere:
VIX is up almost 17% today
edit: VIX is up 17% now
EDIT: VIX is up 19.5%

[fehro]

SPX

[Mr. BachNut]

So, NYMO just dipped into the "Turn" zone.
The "Oversold" zone is still a ways away.

We now have clarification that the recent NYMO bounce to the zero line was corrective and not part of an up cycle.

Price has broken down below the former resistance now former support area, which is bearish.
We may see price try to get back above support by the close... or NOT.
I have down targets coming into view a bit lower.
It would not be a surprise to see price try to recapture support before proceeding lower to targets.
But... I have no idea what will happen. Could decide to get crashy for all I know.

I am still short. Now have profit stop on.
I am looking to hedge with longs using shorter time frame setups and may get net long for a bounce. Could be a bad idea...

[Trades with cats]

Pasta Boss, no rate hike is the expected result. Rate hike at first meeting after election is the one at 75% odds (December). This is P.M. May winning in court (reducing the chance of Parliament reversing what the people voted for, BREXIT) and the US election going into a tailspin without a 'known' outcome.

[fehro]

INDEXes .. 200d SMA rushing closer VIX nears Sept highs 20.51

[Al_Dente]

Pasta Boss, no rate hike is the expected result. Rate hike at first meeting after election is the one at 75% odds (December). This is P.M. May winning in court (reducing the chance of Parliament reversing what the people voted for, BREXIT) and the US election going into a tailspin without a 'known' outcome.

thanks boss

VIX is up almost 17% today
EDIT: VIX is up 17%
EDIT: VIX is up 18.5%
EDIT: VIX is up 19.5%

[BullBear52x]

in cash, now wait to counter trend on this last positive D.

last one got the dip buyers good, will see how this next one will go.

[Mr. BachNut]

Target at the July 7 open gap just closed.
Good place for a pause if not support?
Next open target is 200 day MA.

[BullBear52x]

God is on my side again.

[fehro]

VIX multiple resistance.. nibble long SPX

[MrMiyagi]

Janet?

[fehro]

SPX 60m trying to hammer

[BullBear52x]

Clockworks, last one eh?

[MrMiyagi]

Some Bullish ticks came and wen, however it seems that steam is all gone, dumplings may be done.

[Trades with cats]

The amazing power of the round numbers.