08/17/2018 Live Update

[Cobra]

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the feeling is rebound from here, just a guess.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Daniel]

SPY quick and easy gap fill. QQQ, IWM not yet.

[Trades with cats]

Alistair on Twitter keeps asking what happens when they (Apple) stop propping up the market

morning stats.png (211.03 KiB) Viewed 5333 times

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

morning hourly hollow red. the implication is on the top left of the chart itself.

[fehro]

buckle up RUT at 20d/50d SMA .. those go .. look out below… mind yGAP IWM SPY .. VIX and bonds up

[Trades with cats]

Support at overnight low ES 2835.

[Daniel]

QQQ support in the 178.25--50 area.

[Trades with cats]

Guess we are going to test that support. Need the old 10:30 ramp for a nice 4 point bounce back to VWAP.

[Daniel]

Opex Friday often has a weak zone from the Open to about noon. Perhaps dip buyers will show up then.

Also, as STA notes, "DJIA and S&P 500 have declined on August option expiration day seven times in the last eight years and have suffered full-week losses in six of the last eight August expiration weeks."

[Daniel]

So far, IWM showing the best RS today of the major indexes. Nearly at gap fill, up around the HOD.

[Cobra]

testing morning high, key time.

[Clueless]

With the way things are going, very soon the market will be called iMarket.

[Cobra]

members only update at 11:57 am
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

maybe it'll test yesterday's high.

[fehro]

buckle up RUT at 20d/50d SMA .. those go .. look out below… mind yGAP IWM SPY .. VIX and bonds up

NFX 7381.50 20d SMA retest

[Cobra]

vol surge, biggest bar so maybe pullback here first which likely would be bought though.

[Cobra]

must be a very good news.

[Trades with cats]

From Wall Street Journal
U.S., China Plot Road Map to Resolve Trade Dispute by November
Planned Trump-Xi meetings are aimed at ending spiraling impasse
By Lingling Wei in Bejing and Bob Davis in Washington
Aug. 17, 2018 1:59 p.m. ET