11/03/2016 Live Update

[BullBear52x]

Hope you are right BB52. I've made a couple of poor decisions already today. Didn't obey my setup. Thought I was smarter than the market.

Risk/Reward favored bulls right now.

[fehro]

SPX still weak.. VIX 15m still bull flag.. and 200d 2083ish would seem like a likely target.. but maybe too obvious.

[uempel]

Downward momentum of Bullish Percentages is not impressive today, but no sign of a turnaround. Cruising slowly south.

http://stockcharts.com/freecharts/candl ... ,$BPFINA|C|

[Eddie]

ES can go ahead and blast higher any time now.....has my permission....

[fehro]

buckle up… 200d 2082.34 VIX near HOD

[BullBear52x]

The whole world expecting a dead cat bounce, captain obvious, majority will lose normally.

[Trades with cats]

London is on winter time, so they stay open for another 50 minutes. Traditionally the slow upward drift happens after european close and before the NYMEX close. So far I have a volume profile for today saying ES 2094.75 is the central point. Yesterday's VWAP is above the pivot zone (barely) at 2097.25 and of course yesterday's close at 2092.50. So a nice tight little 5 point range.

My big hope is that on extended hours hourly chart we are at the 161.8% time fib on the recent selloff so maybe something will happen before I fall asleep in my chair.

[Eddie]

Yeah, not much bounce in that cat.

[brokebybernacke2]

love a max fear situation down round sp2070ish - election time...big clinton bounce or trump contested election trounce to the markets? oversold conditions and technicals favoring clinton bounce but....contested election (popular vs electoral discrepancy) a decent possible that would really trouble markets. bulls in the game until sp 2026 imo....but a good test of 2070 would REALLY spook markets and provide juice for a nice bounce with a clinton win... .

[fehro]

IWM 200d @ 114.34 on / at support .. kinda…

[BullBear52x]

/ES 92

[Trades with cats]

And once again the notorious oil price year over year comparo this time from Credit Swiss who has decided to pile on after the fact.

[Cobra]

members only update at 12:03 pm
http://www.cobrasmarketview.com/2016/11 ... ay-update/

[Trades with cats]

I mock Credit Swiss because the sell point was last week.

[BullBear52x]

sell is what the trader do.

[fehro]

SPX possible minor bullish falling wedge if SPX makes a slightly lower low and bounces.. but /ES overnight lows 2084.25 .. may under cut it to blow out the stops.. or.. higher low.. and invs H&S on the 60m.. fwiw.. mind 200d SMA /ES at 2076.25

[Trades with cats]

Is yesterday's low toooo obvious?

[BullBear52x]

87 /es is next fighting ground.

[fehro]

SPX come to papa 200d ..need VIX to crack above Tues HOD

[BullBear52x]

got my 87, wait for new sell.