02/16/2018 Live Update

[Cobra]

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back to support which was previously resistance. let's see any buyers here. so far it sounds like the old mad cows were back...

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/02 ... ay-update/

[fehro]

SPX 2710 range very key.. it goes.. look to possible measure move to inflation low spike 2625.. buckle for a possible fast move.. or big down gap on Tuesday.

/ES red lin, blue line white line Very key..it breaks down .. look out below!

[JFR]

Overnight gap down on YM, ES and NQ.

[JFR]

YM leads the way to a gap fill, followed by ES, then NQ.

[fehro]

trying to hold those 50d/20ds.. all around

[fehro]

put/call nears extreme.. one sided boat.. adv/dec divergence..

[JFR]

Breaking out. For now.

Back later ...

[fehro]

put/call nears extreme.. one sided boat.. adv/dec divergence..

http://www.aaii.com/sentimentsurvey

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/02 ... ay-update/

[Cobra]

morning hourly hollow red.

[fehro]

mind bonds next week.. pretty hammer on the 50w SMA fwiw

[Daniel]

mind bonds next week.. pretty hammer on the 50w SMA fwiw

First touch by declining price of an upslope 200period MA usually provokes a reflex response of BUY, support, defend from investors, whatever timeframe.

[Daniel]

USO lod. Leading the energy complex lower.

update: dramatic reversal, energy now joining the overall bounce upward.

[fehro]

SPX weekly inside candle just by pennies

[Daniel]

Carnage? What carnage? Not for the broker-dealers in the XBD index--which sits once again less than 1% from an alltime high.

[Trades with cats]

Just to point out the resistance that was tested for the second time at around 6 AM UTC 5 (New York) stopped this move as well. Coming up on a fourth test so we will see.

[Al_Dente]

Many of our favorites have this pattern:
“V Bottom”
The angle is a bit steep, but “Often price will rise in an angle similar to the descent”
http://thepatternsite.com/extendvtopbot.html
It can go sideways or a bit down, to form an “Extended V Bottom”
http://thepatternsite.com/extendvtopbot.html

Like QQQ Daily

[Al_Dente]

Citi thinks 10yr yield (TNX) may hit 4.5%
[bloomberg, now]

[Trades with cats]

ES pausing at the overnight high, as 4th try on resistance was successful. Just to note overnight high was easily exceeded the last couple of days.

So here we are at the big Fib level and it is options expiration day. Who knows what the volatility playing hedge funds have done with options to try to keep the doors open, but it had to be part of the set up for the mad cow rally. So three day weekend and options expiration means this, in theory, could be the short term top day.