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11/08/2019 Live Update

11/08/2019 Live Update

Postby Cobra » Fri Nov 08, 2019 10:23 am

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no idea up or down from here but I'm bear biased.
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Re: 11/08/2019 Live Update

Postby Cobra » Fri Nov 08, 2019 10:26 am

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

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Re: 11/08/2019 Live Update

Postby te_fern » Fri Nov 08, 2019 10:46 am

This trend line may become resistance...
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SPX.PNG
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Re: 11/08/2019 Live Update

Postby Heck » Fri Nov 08, 2019 11:01 am

Two and a half undervalued PUTS for each call = DOWN

Extreme Greed Falling = DOWN
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Re: 11/08/2019 Live Update

Postby te_fern » Fri Nov 08, 2019 11:06 am

where's BB52, he'd be making money today!! LOL!
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Re: 11/08/2019 Live Update

Postby Cobra » Fri Nov 08, 2019 11:07 am


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Re: 11/08/2019 Live Update

Postby JFR » Fri Nov 08, 2019 11:08 am

ES five minute. Moving on down.


2019-11-08_0707.png
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Re: 11/08/2019 Live Update

Postby JFR » Fri Nov 08, 2019 11:12 am

ES as noted. NQ small gap down. Filled. Heading south. YM southbound. RTY, the wild one, all over the map.


2019-11-08_0709.png
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Re: 11/08/2019 Live Update

Postby Mr. BachNut » Fri Nov 08, 2019 11:17 am

Unless things change dramatically by end of day, the NYMO cycle will be confirmed down.
It closed at a lower low yesterday to the Halloween low. A second negative close today would support.

The price high at the top of the NYMO up cycle was SPX 3004.78.
This becomes our benchmark for the down cycle.
Odds favor that price will reach or exceed the benchmark at some point in the down cycle.
Not a prediction!!! just a scenario with some decent odds.
That would be a nice 80 point move from around this morning's trade.
It also lines up well with a trip to the middle keltner band.

There is an abundance of open gaps below to feed the bears.

I am still long runner positions in SPX and R2K.
Given the NYMO change, I will be jamming profit stops to prepare the exit.
While NYMO appears to have reversed, price is still holding, and price rules.
So, no short at the moment, but I suspect setups could shape up in this regard in the days ahead.

NYMO 110819.jpg
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Re: 11/08/2019 Live Update

Postby JFR » Fri Nov 08, 2019 11:17 am

DOW leaders and laggards. More of a downward move.


2019-11-08_0716_001.png
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Re: 11/08/2019 Live Update

Postby JFR » Fri Nov 08, 2019 11:23 am

DOW stocks. DIS gap up. Others down. Five minutes.


2019-11-08_0722.png
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Re: 11/08/2019 Live Update

Postby Cobra » Fri Nov 08, 2019 11:39 am

it's bear's last chance here as all the past rebounds were rejected at the ema20.
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Re: 11/08/2019 Live Update

Postby JFR » Fri Nov 08, 2019 12:10 pm

ES daily in a base. Inside bar is a doji. Well above the EMA 20.

Have a good weekend, Everyone.


2019-11-08_0807.png
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Re: 11/08/2019 Live Update

Postby Heck » Fri Nov 08, 2019 12:14 pm

Heck wrote:Two and a half undervalued PUTS for each call = DOWN

Extreme Greed Falling = DOWN


Back to undervalued C/P Indices = UP

And two overvalued C/P indices = DOWN

Precious and Treasuries also = DOWN

https://stockcharts.com/freecharts/perf ... D,SPY,VGLT
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Re: 11/08/2019 Live Update

Postby BullBear52x » Fri Nov 08, 2019 12:15 pm

te_fern wrote:where's BB52, he'd be making money today!! LOL!

a little late out of bed today, too many cold one yesterday. :D

Well, I am neutral, we are at 5DMA support both 5min and 60min are in the buy dip area, internals are all bearish and pointing more down. I will sell on the next sell setup if we get new LOD and stay low, Monday is no brainer down we go.... for now let see how the day unfold.
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Re: 11/08/2019 Live Update

Postby BullBear52x » Fri Nov 08, 2019 12:17 pm

I am selling now. chart wise it is overlap, I just went with the bearish internal on this sell, hopping the lower support were to fail. let see.
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Last edited by BullBear52x on Fri Nov 08, 2019 12:20 pm, edited 1 time in total.
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Re: 11/08/2019 Live Update

Postby tsf » Fri Nov 08, 2019 12:19 pm

In general, when SPY heads down, would it be a good idea to get into XLU and USMV for a few days or couple of weeks ? Thanks.
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Re: 11/08/2019 Live Update

Postby BullBear52x » Fri Nov 08, 2019 12:26 pm

Summation index and TRIN combo sell signal today.
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Re: 11/08/2019 Live Update

Postby BullBear52x » Fri Nov 08, 2019 12:31 pm

This chart shows we are ready to sell but AD line is not yet selling, need to see -2000 to kick star the selling momentum.
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Re: 11/08/2019 Live Update

Postby Cobra » Fri Nov 08, 2019 12:37 pm

bears didn't take much action on the last chance so now it's clearly a range day. maybe (51%) it's the higher low therefore the range low was in.
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