12/20/2018 Live Update

[Cobra]

revisiting day low, watch for possible double bottom. however looks to me unlikely it'd be double bottom, bias is down.

[Al_Dente]

TRIO
(plus NDX broke its Feb low today...

ThinkOrSwim says NDX Feb low was 6164.
NDX not quite down there yet

[Cobra]

kind of descending triangle, break down more likely.

[Mr. BachNut]

Target met.

I have one more gap target just a bit lower at 2,457.59.
I can also see a big bolus of Put open interest at SPY 245 expiring tomorrow that could act as a magnet.

After that I don't have much technical context until 2,400 or so and below.

Looking for some exhaustion/capitulation action...

Updated chart:

[brokebybernacke2]

Target met.

I have one more gap target just a bit lower at 2,457.59.
I can also see a big bolus of Put open interest at SPY 245 expiring tomorrow that could act as a magnet.

After that I don't have much technical context until 2,400 or so and below.

Looking for some exhaustion/capitulation action...

Updated chart:

NYMO 122018 B.jpg

thanks for that gap heads up! time for slippage

[Mr. BachNut]

Target met.

No more gaps until 2,381.73.

[JFR]

GLD and TLT kicking in.

[Trades with cats]

Globex session range yesterday was 80 points, so far today 69.

[JFR]

Pushing on down to some possible support.

[Cobra]

members only update at 2:28 pm
http://www.cobrasmarketview.com/2018/12 ... ay-update/

[JFR]

Some bulls trying to make a stand.

[BullBear52x]

Hey guys don't use up the volatility, save some for me next year.

[fehro]

Happy Holidays!.. gift for you..

Markets like symmetry... 2007 highs.. perfect short 50w SMA .. look for 2675 SPX .. "should" we bounce here .. and repeat 2007

Looking for bounce here ish.. not ideal..

[Trades with cats]

from JoeFriday714 on twitter.

Love bear markets, 25 points straight up in less than 15 minutes. Don't be short without your stops on!

[Trades with cats]

Since today and tomorrow is all about options I remember Nomra's boy wonder saying that the century marks are big levels for insurance. It looks like every 25 point level off the 00's has some power right now.

[Cobra]

what's going on? knights of shinning armor coming finally?

[Cobra]

key time, if the rebound was just a vacuum, then should be sharp down from here.

[K447]

Hey guys don't use up the volatility, save some for me next year.

We can make more ...

[BullBear52x]

Market has so much buzz on Interest rate, here is what I see in the last 20 years. at least we are coming back to the norm, WDIK? Peace!

[fehro]

Happy Holidays!.. gift for you..

Markets like symmetry... 2007 highs.. perfect short 50w SMA .. look for 2675 SPX .. "should" we bounce here .. and repeat 2007

Looking for bounce here ish.. not ideal..

beware of a possible wicked bounce tomorrow Mon, pros gone, profit taking.. … low volume games..