01/26/2018 Live Update

[Cobra]

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triangle, bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/01 ... ay-update/

[JFR]

Currency pairs ... The Yen is taking a rough ride this morning.

[JFR]

Overnight gap up on YM, ES and NQ.

[fehro]

diamond pattern USdollar DXY 30m right chart.. daily left... mind 20d/50d red/yellow left chart fwiw

[Trades with cats]

Welcome to Ground Hog Day, day 4. Still hoping for a different outcome, wondering what we all have to do to change the tape.
Seriously the overnight was a little different this time. The up move continued in the early session, then just as the last several days, nothing from Hong Kong with most of the gap created during the European hours, really getting it going around 5:30 Eastern.

[JFR]

PFE, TRV, and DIS doing well. SPY gap up this morning.

[Trades with cats]

Chart is hard to see I have to spread it out over two monitors. Essential finding is once again the gold dotted line for prior day's close is exactly at the end of day VWAP and Mid. Look at the Gaussian volume profiles, the only real difference is the volatility. I am not smart enough to know what three days of coiling means but I do know that when this breaks out or down it has a lot of energy ready to release.

[fehro]

INDU nATH just a mere 27 points short of that magic number 26500

[JFR]

NYSE TICK is quiet this morning, after an initial flurry.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/01 ... ay-update/

[Trades with cats]

Tuesday the selling didn't get real until 11:00 or so.
Second challenge to the opening level from above.

[Trades with cats]

Small Caps can't stay green today but that falling ADX in the second box says to me they aren't very enthusiastic about selling off.

[fehro]

Weekly TRANsports not very happy evening star

[te_fern]

TICKs are struggling this morning too...

[te_fern]

But the SPX doesn't care...

[te_fern]

But, smalls are going sideways....

[Trades with cats]

NQ (Tech) leading, smalls still red. A mixed day.

[Trades with cats]

London/Frankfurt based versions of us are in profit with a half hour left going into the weekend. I am thinking them closing out and going for a Gin and Tonic (G&T's anyone?) is putting just that much more selling pressure on. Pretzel Logic makes a case for mid 2860's as the next target. I am thinking later today or Monday. He also has a down side target but I see no evidence leading to a lower low for this week. White house newsmakers are all eating dinner in Davos, no Fed speakers on deck so what could blow a 40 point hole in this market today?

[fehro]

AAPL major support 60m, bullish falling wedge 5m.. target is 50d SMA… "IF" it goes.. INDU will tag 26500