11/06/2019 Live Update

[Cobra]

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no idea up or down from here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/11 ... ay-update/

[JFR]

ES daily. Hit the brakes. A pause in the action. Still well above the EMA 20.

[BullBear52x]

No man's land. I am leaning bearish intraday since we are still outside of the K band.

[Heck]

Extreme Greed 89 = DOWN she goes

[JFR]

Up and down, but mostly down. ES, NQ, YM and RTY. One minute.

[JFR]

ES five minute. Very sharply down at the opening.

[BullBear52x]

I hate to chase it here, wait for good sell entry.

Looking at 54ish, well...not a bad range

[BullBear52x]

Cash SPX, people want to get in but at a more discount. some where near the gap area.

[BullBear52x]

I got an order to sell under LOD (chasing) will see how that goes.

[JFR]

Finding some support. ES five minute.

[BullBear52x]

Come to papa

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2019/11 ... ay-update/

[BullBear52x]

Why selling outside of a K-band is win win for even a swing position. it may take few days to a week, but a relief rally pull back will come.

[Mr. BachNut]

The NYMO cycle remains up.
After a negative close on Halloween, it has rallied a bit and fallen back negative again this morning.
To declare a cycle turn down, we want a close (preferably two) below the Halloween low.
Regardless, the new price highs are being made on a negative NYMO divergence.
From this perspective, bulls are looking a bit tired but still marching.

We are now up to 13 down price gaps.
This is a lot of area where limited or no volume has traded.
So, when a down draft comes if could cover a lot of terrain quickly.

You will see on the chart a box with the number 3121.29.
I am not an Elliott Waver, but if a third wave cannot be the shortest, then this move from the August low should not exceed that level.
We shall see.

I remain long runner positions.
I need to see the NYMO cycle or price turn before taking any action.

[JFR]

ES and YM back where they started the day. NQ lagging.

Back later.

[te_fern]

Need to break north of the MA lines and the middle pivot....

[Cobra]

Just a range day, even maybe the range low was in.

[BullBear52x]

Cash SPX Fib, will find out soon enough if bulls can hold on the selling pressure today, Tick tock tick tick tick

[Heck]

Undervalued C/P Index Options PUTS five times calls = DEEP DIVE DOWN

https://tinyurl.com/m6re253