11/08/2018 Live Update

[Cobra]

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the pullback probably will be bought. roller coaster show at 2 pm so not trade today, just watch.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/11 ... ay-update/

[BullBear52x]

Fed or no Fed. we are entering sell the rip zone on daily setup, it has been a long time since the last one came and failed. as usual wait for RSI < 70 to trigger the sell.

[Daniel]

XLE, XLI red to green

[BullBear52x]

Intraday : I am selling but dip will be bought any time now, sooo.....few minutes will tell if the buy will stick or not.

[Daniel]

XLF, KRE red to green

[BullBear52x]

Intraday : I am selling but dip will be bought any time now, sooo.....few minutes will tell if the buy will stick or not.

buy the dip, same playbook. no failure here bulls.

[Daniel]

Spectacular gap fill by SMH. Down nearly -1.5% at the open.

Likewise GDX. Although not from as steep a gap down.

[Daniel]

Hard to tell from various charts-- SPY either just barely filled the opening down gap, or just missed it by a couple cents. Very close.

[JFR]

Overnight gap down on YM, ES and NQ. YM has filled.

[Daniel]

XLE, XLI red to green

USO has decisively lost the $13 level, now down 1% on the day.
XLE (and XLI) now again red.

[JFR]

IWM had an overnight gap down. It has filled.

[Cobra]

members only update at 10:10 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Daniel]

IWM had an overnight gap down. It has filled.

This is why I use multiple charts, when focusing on a specific price level. Stockcharts says yes, price just barely ticked at yest close.. but FSC shows IWM a couple cents shy of gap fill.

If not actually trading the opening gap it makes little difference, the general trend is all that matters.

[Cobra]

it's morning hourly hollow red.

[BullBear52x]

a trade below 50% the buy is looking to fail. today is important day for sure.

[Daniel]

USO has decisively lost the $13 level, now down 1% on the day.

Another dramatic reversal. USO has regained the entire loss, now flat on the day, and again over $13.

Meanwhile AAPL now down 1%.

QQQ and IWM have faded a bit and are now testing their (strongly upslope) 15min 20ema.

[JFR]

IWM had an overnight gap down. It has filled.

This is why I use multiple charts, when focusing on a specific price level. Stockcharts says yes, price just barely ticked at yest close.. but FSC shows IWM a couple cents shy of gap fill.

If not actually trading the opening gap it makes little difference, the general trend is all that matters.

We all have our ways. I watch and play the futures YM, ES and NQ for gaps, scalps and moves between pivots. Occasionally I look at the associated ETFs instead: DIA, SPY, QQQ and IWM. As one can see, I use NinjaTrader charts to watch. But I do not trade there.

[JFR]

All the way back down to the opening for YM, ES and IWM. Not quite for NQ.

[Al_Dente]