Back to www.cobrasmarketview.com

   

08/08/2017 Live Update

Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 3:09 pm

fehro wrote:dailies a tad iffy..

boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o
User avatar
Al_Dente
 
Posts: 18204
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 3:16 pm

He’s been “de-risking” for quite a while now, but this morning on CNBC:
Gundlach: "I'll Be Disappointed If I Don't Make 400% On My S&P Puts"
Click bait: guess what he says will be the big signal from his “favorite indicator”
http://www.zerohedge.com/news/2017-08-0 ... my-sp-puts
User avatar
Al_Dente
 
Posts: 18204
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 3:19 pm

Al_Dente wrote:
fehro wrote:dailies a tad iffy..

boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o


+ shooting stars, gravestones with VIX hammer.. short term top in .. possibly
fehro
 
Posts: 20672
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/08/2017 Live Update

Postby Wallstreetrader » Tue Aug 08, 2017 3:25 pm

Zero again market will reverse :mrgreen: :mrgreen:
4x3 so far...
... someone is testing the market first dax now spx interesting :ugeek:
Another vix false signal ?
Last edited by Wallstreetrader on Tue Aug 08, 2017 3:32 pm, edited 2 times in total.
"Best Strategy is don't have any side, bull or bear" by WST
Fed Downsizing when ?
User avatar
Wallstreetrader
 
Posts: 805
Joined: Thu Mar 17, 2011 12:00 pm

Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 3:29 pm

Time for the ETF balancing moves. Can they save this train wreck from across the board all time highs with red closes. Not quite bearish engulfing, but certainly the next best thing unless they switch on the algos and hammer the VIX.

Wait the ES has made a new low below yesterdays. BEARISH ENGULFING ACHIEVED.
Trades with cats
 
Posts: 3466
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 3:31 pm

Right now we have a guaranteed “reversal day”
Depending on the close, it could be a “Key Reversal Day”
We saw two of those in June, followed by a teeny decline of ONE DAY EACH [better double check me].
“The pattern is supposed to act as a reversal of the uptrend. However, testing shows that 51% actually continue higher
http://thepatternsite.com/KRU.html
User avatar
Al_Dente
 
Posts: 18204
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 3:32 pm

Pasta Boss, with all respect, are their numbers with all time high involved? This really smells like classic exhaustion at the top.
Trades with cats
 
Posts: 3466
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 3:35 pm

VIX is up 80 cents off the low.
Animal house, "All is Well" https://www.youtube.com/watch?v=zDAmPIq29ro
Trades with cats
 
Posts: 3466
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 3:40 pm

vol surge, should be a rebound here first then we'll see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2017 Live Update

Postby fehro » Tue Aug 08, 2017 3:40 pm

fehro wrote:
Al_Dente wrote:
fehro wrote:dailies a tad iffy..

boss if we closed here, that's the worst candle in eleven days, and some kind of "reversal day" on spy and indu
no?
:o


+ shooting stars, gravestones with VIX hammer.. short term top in .. possibly

:D
Attachments
Screen Shot 2017-08-08 at 12.40.19 PM.png
fehro
 
Posts: 20672
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 3:42 pm

15 minute chart including last week.
Attachments
ES 09-17 (15 Min)  8_8_2017.jpg
Trades with cats
 
Posts: 3466
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 3:44 pm

Trades with cats wrote:Pasta Boss, with all respect, are their numbers with all time high involved? This really smells like classic exhaustion at the top.

The most I can agree with is that going back a couple/few months, almost every time SPY made a new high she had to relax a bit to digest it, and by “relax” I mean down, sometimes shallow, a couple times deeper
luv u :D
[edit: shallow = 1 spy point, deeper = 5 spy points, but all “recency bias”]
User avatar
Al_Dente
 
Posts: 18204
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/08/2017 Live Update

Postby brokebybernacke2 » Tue Aug 08, 2017 3:51 pm

could be an ugly am tomorrow...
brokebybernacke2
 
Posts: 835
Joined: Wed Sep 21, 2011 10:10 am

Re: 08/08/2017 Live Update

Postby Trades with cats » Tue Aug 08, 2017 3:56 pm

The wave counters are expecting a 30 to 40 point pullback in the ES. I am more nervous than usual because the Central Bankers are changing the rules of the game, and have been very loud and very consistent on that message. At the same time we are at all kinds of multi-year records for weird market behavior. However this could be just another one of those flag pole all time highs that we seem to get routinely where we screw around for a month or two waiting to retake it.
Trades with cats
 
Posts: 3466
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 3:59 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2017 Live Update

Postby Cobra » Tue Aug 08, 2017 4:00 pm

well, guess that's it for today. Wednesday tomorrow was up 6 straight recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 37343
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2017 Live Update

Postby Al_Dente » Tue Aug 08, 2017 4:02 pm

WOW a red dow
that's fresh
but not a "key reversal"
User avatar
Al_Dente
 
Posts: 18204
Joined: Thu Jul 21, 2011 2:29 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 9 guests