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01/06/2017 Live Update

01/06/2017 Live Update

Postby Cobra » Fri Jan 06, 2017 10:20 am

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double top or not wait and see.
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Re: 01/06/2017 Live Update

Postby Cobra » Fri Jan 06, 2017 10:24 am


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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 10:27 am

SPX opening flat mind the invs H&S VIX 15m SPX 20d 2259ish key.
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Re: 01/06/2017 Live Update

Postby Trades with cats » Fri Jan 06, 2017 10:32 am

Jobs report was good for 7 points pre-market but it looks like regular hours is going to give it all back fast. My guess is the big wage increase makes it hard for the Fed to not grow some hawk feathers.
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 10:47 am

FB daily triggers a "death cross"... triangle more important ... imho....
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Re: 01/06/2017 Live Update

Postby Trades with cats » Fri Jan 06, 2017 10:53 am

ES 03-17 (5 Min)  1_6_2017.jpg

This is a 5 minute ES RTH only. Two sets of pivots floor is first, then support and resistance points calculated Fibonacci method.
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Re: 01/06/2017 Live Update

Postby Cobra » Fri Jan 06, 2017 11:00 am


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Re: 01/06/2017 Live Update

Postby superxy » Fri Jan 06, 2017 11:11 am

Cobra wrote:members only update at 10:00 am
http://www.cobrasmarketview.com/2017/01 ... ay-update/

Is it black bar at 1st hour?


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Re: 01/06/2017 Live Update

Postby champix » Fri Jan 06, 2017 11:12 am

For uberbullish,
IH&S on ES -5min , target about 2276 :roll: ... well if it wants to be bull !
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 11:14 am

SPX still struggling here on the 60m at this green bull flag edge.. again.. seems weak.. possible double top.. dabble short here.
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Re: 01/06/2017 Live Update

Postby Cobra » Fri Jan 06, 2017 11:17 am

morning hourly black bar
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 11:24 am

IWM still weak <20d SMA, 2nd day red, with NDX green near ATH
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Re: 01/06/2017 Live Update

Postby Trades with cats » Fri Jan 06, 2017 11:25 am

My indicators say weak bull indecisive but poised for the next attempt to break the wall at the opening range high. Or not.
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Re: 01/06/2017 Live Update

Postby Mr. BachNut » Fri Jan 06, 2017 11:38 am

Good morning and happy new year from Mr. B.

The NYMO cycle appears to be up.
I have a cycle low on 12/28 with a benchmark price of SPX 2249.11.
As year end can have a strong technical dynamic of its own, idiosyncratic to underlying trends, I would like to see a clearer higher low higher high sequence to confirm.
That said, yesterday's NYMO broke the 12/20 high and closed at a nice strong level. So, up until proven otherwise.

Price movement is interesting.
We opened the year with a gap giving us yet another possible downside target to add to our collection.
More importantly, the year-end close was down and below the 12/14 low.
In one of my posts last year, I noted that busting above the upper keltner band was normally followed by a series of price higher highs higher lows that kept the band rising.
We have not seen that, and in fact the 12/13 ATH still stands.
A review of prior such occurrences suggests that price should promptly recapture the upper keltner to keep the momentum ball rolling or else a deeper correction could ensue.
We shall see.
In any case, I am placing great importance on my single up target at the upper keltner band. I want to see it tagged soon... in a matter of days... and not with some bearish candle stick sort of thing.
If the bulls don't keep marching, that opening gap and the middle keltner could become magnetic.

I am long small from an opening day trade using a put/call setup I have in my toolkit.
I am looking to scale out a unit and move stop to breakeven if given the chance.
I may jam the stop next week if I don't like what I see.
It is early in the year. There will be plenty of opportunities ahead.
If Mr. Market is joggling a bit before showing the New Year vector here, I don't want to be stubborn with this one.
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 11:52 am

Weekly DIA/SPY/QQQ/USO/TLT etc etc mixed picture
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Re: 01/06/2017 Live Update

Postby Trades with cats » Fri Jan 06, 2017 11:57 am

That is exciting slamming it up hard against the ceiling.
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Re: 01/06/2017 Live Update

Postby Trades with cats » Fri Jan 06, 2017 11:59 am

If I didn't know better I would think a stop running algo didn't find any stops to run. After all bears are on the endangered species list. :lol:
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 12:03 pm

NDX nATH.. COMPQ 0.26 short :roll:
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Re: 01/06/2017 Live Update

Postby fehro » Fri Jan 06, 2017 12:25 pm

SPX pressing ATH 2277.53
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Re: 01/06/2017 Live Update

Postby Mr. BachNut » Fri Jan 06, 2017 12:30 pm

fehro wrote:SPX pressing ATH 2277.53


Should be some buy stops up there I imagine.
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