Back to www.cobrasmarketview.com

08/08/2018 Live Update

User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

08/08/2018 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
=============================================================================================================================================================================

no idea up or down from here. the pullback eventually should be bought somewhere though.
Attachments
ES60min.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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »


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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_08_08 (7_40_56 AM).png
IUf you were wondering why it didn't get back to yesterday's close, look at the sellers placing orders.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/08/2018 Live Update

Post by te_fern »

TICKs started the day off negative and are trending down....
Attachments
Tick.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »


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.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/08/2018 Live Update

Post by te_fern »

Bios getting hit pretty hard this morning....
Attachments
LABU.PNG
This is not investment or trade advice.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2018 Live Update

Post by Trades with cats »

The wave counters are waiting for some signals.

Coolbiz1 this AM
Last night after the close-SPX this leg up for Minor 3 may have a ST peak at 2869-2889, a pullback for a Minor 4 after. @2858.45 close. Nice leg up from 2691.99 low on June 28th just 19 trading days ago 171 points so far (high of 2863.43), with shallow corrections.

This morning after the open-SPX low at 2854, If this correction is for a Minor 4 now than it will go deeper yet? Or it may see another high towards 2868+ first and than start Wave 4 correction, TBD

Pretzel Logic this am- “DO OR DIE” TERRITORY FOR THE BEARS. Waiting for the market to tell us.

:)
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 08/08/2018 Live Update

Post by fehro »

RUT not happy.. mind the downside indexes.. /CL getting smacked.. nears 2.5yr uptrend.. <20w breaks.. oil measure moved minus $20.00.. no not a typo twenty Bucks lower
Attachments
Screen_Shot_2018-08-08_at_7_40_15_AM.png
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2018 Live Update

Post by Trades with cats »

ES 09-18 (2000 Tick) 2018_08_08 (8_47_24 AM).png
Just when I thought I could draw a trend line along comes today!
Those three big red circles defining the low are about 2,000 contracts each. And there are still more standing buy orders just below.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »

guess the range low was in.
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.
Trades with cats
Posts: 8656
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/08/2018 Live Update

Post by Trades with cats »

Finally Goldman's buy back desk gets to work :lol: :lol: :lol:
Yesterday's close looks like major resistance.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/08/2018 Live Update

Post by te_fern »

TICKs are starting to move higher toward their MA lines....
Attachments
Tick.PNG
This is not investment or trade advice.
User avatar
MrMiyagi
Posts: 10326
Joined: Sun Oct 16, 2011 12:48 pm

Post by MrMiyagi »

Market feels a little tired of trying to make new highs/break double-tops every day. I hope the reset will be weak and shallow.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »


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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »

it's a vacuum down to the range low which for now assume day low.
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: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »

maybe it's a triangle which means continuation but in reality more likely a reversal.
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.
QED
Posts: 992
Joined: Wed Feb 11, 2015 2:04 pm

Re: 08/08/2018 Live Update

Post by QED »

.
Good to know …

You can now make your bribes to Congress via cryptocurrencies:

"Cryptocurrencies, namely bitcoin, bitcoin cash and ethereum, are becoming accepted in the Washington D.C. halls of power ..."

https://www.forbes.com/sites/billybambr ... aa3c7f7165

Wait ... What?

Emily Litella: "Oooh that's very different ... nevermind!" :-)

https://www.youtube.com/watch?v=OjYoNL4g5Vg

.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/08/2018 Live Update

Post by te_fern »

QQQ's still lagging the big board...
Attachments
Tick.PNG
This is not investment or trade advice.
te_fern
Posts: 4017
Joined: Tue Nov 24, 2015 3:35 pm

Re: 08/08/2018 Live Update

Post by te_fern »

Head fake on this little breakout? We'll see.....
Attachments
SPX.PNG
This is not investment or trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/08/2018 Live Update

Post by Cobra »

so far fits in a triangle.
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.
Post Reply