03/14/2017 Live Update

[TraderJoe]

Hi Mr. M,
How are you?
TraderJoe

this bear may have legs.

Now you tell me? I just sold a bunch of kidneys!

[Cobra]

the rebound is the 1st step toward the bottom. might still miss one more low test. once again bear simply cannot have a straight down day.

[QED]

Does anyone know where Out of Bounds has been?

[Cobra]

members only update at 11:56 am
http://www.cobrasmarketview.com/2017/03 ... ay-update/

[K447]

Does anyone know where Out of Bounds has been?

Perhaps looking at current weather reports for snow and laughing in the Florida sun?

[uempel]

A few days back: Ellipses' time signal on SPX daily pointed to yesterday. Most likely my drawing was imprecise, because yesterday saw no good move.

SPX daily

As to today: SPX at channel support on the daily:

SPX daily - Trump rally

[Cobra]

pullback as expected. now let's see if bulls can make a higher low therefore signify the low was in.

[MrMiyagi]

Hi Mr. M,
How are you?
TraderJoe

I'm doing good Joe, busy days... How are you?

[MrMiyagi]

OK, covered kidneys with a bit of profit, that will pay for some gauze and antiseptic.

[Al_Dente]

YESTERDAY:
SKEW 145.75. That suggests serious hedging behavior (portfolio protection) in the options market.
ALSO:
There were reports yesterday that short interest in SPY is at all-time lows.
Well maybe they’re not shorting stocks, but they sure are seeking protection in options…

[uempel]

Close up of SPX daily (previous chart with Trump rally channel)

[Al_Dente]

Rob Hanna’s data on OPEX week
By MONTH
[spoiler: bullish]

[Cobra]

higher low or not, need see more bars.

[Cobra]

triangle instead of higher low reversal, bias is down.

[Al_Dente]

Percentages, 5 days
TRAN (brown) clobbered. Airlines hurt because of storm cancellations

[Al_Dente]

HAPPY HOUR

[Cobra]

happy hour?

[ALdaytrade]

see the very pretty H&S in Cobra's chart above? .. same on SPX 30m from Feb 17.. neckline 2358 goes.. target is 2306. .near 50d

That is what I thought last Thursday.

Re: 03/09/2017 Live Update
Postby ALdaytrade » Thu Mar 09, 2017 1:07 pm

ES H&S is about to break. My target is 2329, might be off.

Your calculations are using the highs and lows, I was using the closing numbers.

[ALdaytrade]

see the very pretty H&S in Cobra's chart above? .. same on SPX 30m from Feb 17.. neckline 2358 goes.. target is 2306. .near 50d

2358 gone...on ES

2358 SPX .. neckline just a little lower still may stall hold it.. but could also be a shocker drop.. cause we are not use to it.. with days of these little moves.. soooo…
buckle up. just in case

holds.. so far

Looks like it needs more time to work on the right shoulder.

[Cobra]

I get it, any down day, the first rebound means the low was in, period.