08/21/2018 Live Update

[Trades with cats]

Clueless

Year to date Goldman buyback desk is around 56% above last year. They do not have same objectives or rules as the market. Means we are playing cards with a joker in the deck.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

decisive breakout so at least this bull may still have legs if not an uptrend day.

[Clueless]

decisive breakout so at least this bull may still have legs if not an uptrend day.

Heck, let me try this again.
On the other hand, if it moves below 286.85 look for it to drop to fill the gap (today or early tomorrow).

[te_fern]

Man, I go mow the yard and you guys buy the heck out of the market!! LOL!

[Cobra]

beware of lower high. I'm not saying it definitely will be, just need watch closely. hard to call here.

[Trades with cats]

3rd hit on this level. VWAP about 3 points lower as a likely target if they can't hold this.

[Trades with cats]

Was not expecting that sudden drop to VWAP.

[Trades with cats]

Second fast drop. Looking like the big boys have pulled liquidity.

[Cobra]

bear may have legs.

[MrMiyagi]

I'm just not liking these intra-day pullbacks of late.

Positive note COULD be US-China low-level trade talks for the rest of this week although fatty-Trump said not to expect much, same thing he tells the women he pays for sex.

[fehro]

VIX flat.. to almost green… mind the morning gaps on the indexes.. divg on the adv/dec and put/calls nearing extremes

nibble short

SPY LOD goes.. look to gap fill… VIX going daily candles iffy.. mind the gravestones.. at these levels

[Trades with cats]

Bounced back up to VWAP. Lots of transactions at that level, again. This late in the day could be resistance that is too much to overcome.

[brokebybernacke2]

Coolbiz is bullish today

SPX is having an impulsive bullish action, likely in a Wave [iii]. If so, it will take out 2872.87 ATH and keep going towards 2915-2950-3050 with shallow brief pullbacks. See comment from Aug 17, wave [ii] was likely over at 2833.73coolbiz1 added,
coolbiz1

@coolbizone
This pullback may be shallow for a lower degree or may have happened at 2833.73 low. If so, it may also keep going for Minute[iii] of Minor Wave in higher degree. discl; went relong before close, continue to be in bullish trend. If a pullback happens will add more.
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6:55 AM - 21 Aug 2018

top of sp daily bolly at 2872 , gonna need a breather there imo first before jackson hole jubilation propel us into new highs.

breather time, pull back should set up another great buy dip opp on jackson hole hip hooray.

[QED]

Trump said not to expect much, same thing he tells the women he pays for sex.

To be fair, he does pay above market rates ... albeit a bit late.

[Trades with cats]

Supposedly market top today coincides with Cohen plea bargain where he agrees to some jail time. Market of course is wondering what he traded for reduced jail time. Since you were talking about payments.

[Trades with cats]

Second try at resistance. Also time for day end maneuvers.

[Cobra]

double bottom, the pullback might be over.

[Trades with cats]

Overnight high and mid day support 3 points lower. Clear target if double bottom trend reversal fails. I don't have an upside target as we are trading at VWAP.

[Trades with cats]

How about that empty spot on the volume profile 3 points higher as a target.