Back to www.cobrasmarketview.com

10/02/2019 Live Update

User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

10/02/2019 Live Update

Post by Cobra »

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.
  • 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.
========================================================================================================================================================================

this bear shall have legs.
Attachments
ES60min.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/02/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 10/02/2019 Live Update

Post by JFR »

ES daily. Strong move down, out of the base, and beneath the EMA 20.

2019-10-02_0626.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 10/02/2019 Live Update

Post by JFR »

ES five minute. Bounce up off support to the EMA 20.

2019-10-02_0628.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 10/02/2019 Live Update

Post by JFR »

ES, et cetera. One minute. Overnight gap down.

2019-10-02_0631.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 10/02/2019 Live Update

Post by JFR »

The DOW 30 is a sea of red. JNJ doing well.

2019-10-02_0637.png
Charts posted are not recommendations. They are just a sharing of information.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 10/02/2019 Live Update

Post by JFR »

ES five minute. Crash. Boom. Bah.

Got some work to do. Back later.

2019-10-02_0642.png
Charts posted are not recommendations. They are just a sharing of information.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 10/02/2019 Live Update

Post by brokebybernacke2 »

Having trouble taking my helmet off.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/02/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 10/02/2019 Live Update

Post by Mr. BachNut »

How quickly things change.

Two down gap targets closed this morning.
The next one is only about 12 handles lower.

We have a new up gap target at yesterday's close.

Price is coming into rising bottoms support now.
Let's see if there is any reaction between here and that next gap target at SPX 2887.94.

NYMO has reached the turn zone. The oversold zone is still a ways down.
This has been a very smooth and steady NYMO decline.
So, time to start being open minded about a NYMO low setting and watching what price does.
NYMO 100219.jpg
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/02/2019 Live Update

Post by Cobra »

likely a downtrend day with a later day reversal up.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 10/02/2019 Live Update

Post by Mr. BachNut »

A couple of observations:

Price is pausing for the moment at the upper blue/orange rising bottoms line in posted chart.
Daily closes below the lower blue/orange rising bottoms line argue for the completion of an ascending wedge, which suggests a deeper correction.
Bulls kind of need to mount a defense to support the close.

The 200 day MA is the next area of important support.
If a test of that fails, the August low probably breaks and some serious liquidation could unfold.

Thar be big stops below the March and June lows in the 2720s.
Below those could be a good spot for capitulation.

After all that, one would consider a test of the December low as a possibility.

One day at a time though as I have no idea what will happen. :roll:
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 10/02/2019 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/02/2019 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/02/2019 Live Update

Post by BullBear52x »

A knife catching contest starts :lol:
An old man once said be greedy when everyone else is fearful.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/02/2019 Live Update

Post by BullBear52x »

Yesterday I didn't care to buy in on 3rd push, today I will have to reverse course here. Buy buy buy....
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/02/2019 Live Update

Post by BullBear52x »

TRIN and BB, now that we are out side of BB, I will watch TRIN closely if there is buyers stepping in or not, at this junction, TRIN <1 will trigger a buy for swing position.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 10/02/2019 Live Update

Post by Cobra »

no touch of the EMA20 for many hours so it's a strong downtrend, bulls no chances yet, be careful.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 29516
Joined: Tue Feb 22, 2011 3:47 pm

Re: 10/02/2019 Live Update

Post by BullBear52x »

Cash SPX Fib, Bulls will be very luck to make it back to 38.2%.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 10/02/2019 Live Update

Post by brokebybernacke2 »

BullBear52x wrote:Cash SPX Fib, Bulls will be very luck to make it back to 38.2%.
Powell power!
Post Reply