02/16/2017 Live Update

[Al_Dente]

NY declining stocks = 1.8x advancing stocks
NY declining volume = 2.1x advancing volume

[fehro]

SPX 2338 key.. channel on the 15m. 7days.. it breaks look for a possible fast 5 point drop to 2330.. then open gap 2322-2318 next. SPX/IWM much lower then = outside reversal daily… mind yLODs

Mind possible H&S on SPX 5m .. weak bounce 2338 neckline .. target 2228

[uempel]

BrokebyBern.... Thanks!

[uempel]

Lower trend line held ...

[johnnywa]

SPX 2338 key.. channel on the 15m. 7days.. it breaks look for a possible fast 5 point drop to 2330.. then open gap 2322-2318 next. SPX/IWM much lower then = outside reversal daily… mind yLODs

Mind possible H&S on SPX 5m .. weak bounce 2338 neckline .. target 2228

Down move probably done..green skys this afternoon

[Al_Dente]

IWM intraday angle of descent is a little steep; it will need to fan out a bit soon
I expect the bounce to be shallow, and fail
5m

[Al_Dente]

[johnnywa]

exceeded 100% mm, ok, hopefully bear still has one more leg.

Bear dead

[Al_Dente]

Yesterday all the indices here except COMPQ hit 3-standard deviations above their 50ma (or very nearly so).
Quite unusual.

[Cobra]

generally should be another test of day low to confirm the low was in.

[BullBear52x]

Intraday confirmed reversal, now short term bears 1st. stand here. (2nd will be at 5DMA)

[Al_Dente]

all eyes will be on press conference 1230 pm/ET

[Cobra]

members only update at 11:55 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[uempel]

Bye guys, I'm off

[Al_Dente]

SMALLS: There are opportunities for double bottoms here… we’ll see….
If bear AD can stay this strong AND get stronger, bears will be okay, if not, then BTFD
NY declining stocks = 1.8x advancing stocks
NY declining volume = 2.1x advancing volume

[edit: if she prints a higher low, bears will start covering]

[Al_Dente]

Bye guys, I'm off

bye uempel thanks

[Al_Dente]

VXX is giving up on the bears … for now…

[Cobra]

the test of day low was too short so not sure whether the low was in. here's 100% mm, not sure.

[ALdaytrade]

SPX 2338 key.. channel on the 15m. 7days.. it breaks look for a possible fast 5 point drop to 2330.. then open gap 2322-2318 next. SPX/IWM much lower then = outside reversal daily… mind yLODs

Mind possible H&S on SPX 5m .. weak bounce 2338 neckline .. target 2228

Yes, I have 2325 as the target.

[uempel]

I could not keep away, had to take another look. Good resolutions swept away by curiosity ...