12/13/2018 Live Update

[Cobra]

b]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.[/b]

• 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.

=============================================================================================================================================================================

double bottom?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/12 ... ay-update/

[JFR]

Overnight gap up, not large, on ES, NQ, YM and IWM.

[JFR]

IWM fills the overnight gap. The others holding above their opens.

[daytradingES]

Thursday
7:47 AM 12/13/2018

Breakout=2692.75
Resistance=2684.25
2615.00=Breakdown
2605.75=Support

8:24 AM 12/13/2018
Dir -1
Mid Chg 2
Range est=40.50, 63.00
H/L est 2670.75 2632.25
(note Auto est =2686.50, 2646.00)

it looks very undecided and will probably churn about until it picks a direction - which is close to a coin toss. It is only slightly more liekly to go down. I do have two indicators showing the first leg to be up and should it not stall at 2670 then it could gain momentum to the upside.

[QED]

Thursday
7:47 AM 12/13/2018

Breakout=2692.75
Resistance=2684.25
2615.00=Breakdown
2605.75=Support

8:24 AM 12/13/2018
Dir -1
Mid Chg 2
Range est=40.50, 63.00
H/L est 2670.75 2632.25
(note Auto est =2686.50, 2646.00)

it looks very undecided and will probably churn about until it picks a direction - which is close to a coin toss. It is only slightly more liekly to go down. I do have two indicators showing the first leg to be up and should it not stall at 2670 then it could gain momentum to the upside.

Thanks!

Question: What does "Mid Chg 2" represent?

.

[Trades with cats]

It sure looks like the next run at 2670 on the Dec expiration chart should get through.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2018/12 ... ay-update/

[Himoe]

Cobra, no hourly black bar this morning at 10:00?

[Trades with cats]

Come on, this is not good bulls.

[Cobra]

Cobra, no hourly black bar this morning at 10:00?

oh, I forgot

[Cobra]

it's morning hourly filled black bar.

[Cobra]

just a range day at the best.

[Al_Dente]

SHORT TERM, not intraday
Price Relative to SPY
The ones colored green are relatively stronger than SPY, short term
The ones colored red are relatively weaker than SPY, short term
60 min chart

[JFR]

Overnight gaps filled on ES, NQ, YM and IWM.

[Trades with cats]

Well 10 minutes from the Frankfurt/London close and here we are doing a proper double bottom dance. If this works it will be yet another day of the V pattern .

[Trades with cats]

My scenario is off to a good start but it really really needs to get above ES 2657 before I will feel confident.

[Trades with cats]

Since it has been pretty much nothing but sell programs on the way down it will be a struggle to move up with just routine trading.

[daytradingES]

Thanks!
Question: What does "Mid Chg 2" represent?
.

HI QED!

I try to estimate, well everything, but also the midpt of the day.
Mid chg is a score to show if the mid is likely to be higher or lower than yesterday.
There are eight factors each with a value of -1 or +1.
These are summed and multiplied by 1.5 => the mid chg score ranging from +12 to -12
So "Mid Chg 2" means that today's mid is likely to be close to to yesterdays mid.
(+2 is almost neutral)
Ymid=2667.00 +2=> 2669

However, the model has grown so big that I haven't had time to tell which factors work or not and if the midchg has any predictive value or not. It is best to ignore it unless you see something useful in it.

[Trades with cats]