07/25/2019 Live Update

[Cobra]

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the pullback will be bought?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/07 ... ay-update/

[BullBear52x]

Overbought, will see how many days we can get this time.

[BullBear52x]

sell 2x top

[BullBear52x]

If $NYMO gone back to negative today, selling is to continues

[Trades with cats]

I need to learn more about this volume profile business, but for now it sure looks like the low volume area at ES 2007 is a magnet.
Whoops, 3007

[BullBear52x]

That was quick. support level.

[Trades with cats]

The other way to view this is that the market jumped yesterday expecting the ECB to beat the Fed to the punch. Then, instead Draghi just jawboned leaving What Ever It Takes II for Leguarde.

[BullBear52x]

The rookies keep buying call from Put/Call perspective.

[Trades with cats]

Got two legged drop exceeding measured move.

[Trades with cats]

The rookies keep buying call from Put/Call perspective.

Well that is an issue that some have written about. After 30 years of ever increasing central bank financial planning there are a very large number of "pros" who have seen all their trading life that buy the dip is the way to win. The old school slang (from the vaudeville circuit I suppose) is a one trick pony. If Powell loses control of the markets, as many of the big name financial authors are expecting there will be some really big spikes up on the way down until they either change or run out of money.

[BullBear52x]

Cash SPX Fib.

[Cobra]

members only update at 10:10 am
http://www.cobrasmarketview.com/2019/07 ... ay-update/

[Mr. BachNut]

Mr. B here reporting in...

The NYMO cycle remains down but could be turning up.
We closed positive yesterday. Another positive close today, and the model would declare the cycle up.
Confirmation one way or another will come on either a higher high or lower low.

It is notable that new price highs were made yesterday with NYMO well below the prior local high.
The market can remain divergent and rise, but under the hood, it is not so bullish.
So far, it still looks like NYMO is making lower highs and lower lows.

Another day, another gap. Our gap year continues.
We now have near gaps above and below as well as a plethora waiting for the bear dance.
We have been watching the trend channel marked in blue/orange.
The bottom rail has been bumped a few times now. So, it is getting pretty mature.
A breakdown could form a nice double top and take price down to the middle keltner and into the cluster of open targets.
Alternatively, the channel could just keep going...
Our NYMO high benchmark remains unfinished business at SPX 2858.06.
It is notable that the upper keltner band is flattening out.

I am flat.
My shorts were squeezed out yesterday.
I had some short time frame longs that helped, but net net this trade goes in the loss column.
I don't have a set up long or short at the moment. It may be a few days until a signal fires.

[Cobra]

so far just a range day.

[BullBear52x]

Range bound again.

[BullBear52x]

sell rip, need to see new LOD from here. most likely will not, based on Fib number,will see.

[BullBear52x]

Too early to talk weekly on Thursday. well, more N divergence. but MACD histogram is a killer for this view. first LL. keep an eye on it tomorrow.

[Al_Dente]

AD: bears 2x bulls
(changes quickly)

$NYDEC:$NYADV = 2.2x
$NYDNV:$NYUPV 2.5x (HOD for bears)

[JFR]

ES at a support level.