11/27/2019 Live Update

[Cobra]

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the pullback overnight probably will be bought but I don't expect huge up today, likely a range day.

[Cobra]

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

[BullBear52x]

Hard to see a down day, but I can not buy based on my chart. sell day is my plan. late day right before closed yesterday telling me market will just moves up if it wants to. The bearish reversal will have to wait.

[Vaamsy]

Hard to see a down day, but I can not buy based on my chart. sell day is my plan. late day right before closed yesterday telling me market will just moves up if it wants to. The bearish reversal will have to wait.

That H&S tricked me bullbear. I would have made a lot of money had I stuck to my long
Hopefully this new h&S on the 1min doesnt do the same.

[BullBear52x]

I am selling now. hope to see a breakdown <42.5

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2019/11 ... ay-update/

[BullBear52x]

Hourly showing overbought, intraday counter trend "Honey hole" area.

[alphahorn]

I like the long above 3144.50 and the short below 3142

[BullBear52x]

breakdown or hang in the mid channel.

[Vaamsy]

H&S and desc triangle on the 1min, both pointing to 3138-40 area.

[Cobra]

consolidation, so bias is up but probably just a range day. I don't expect big up.

[BullBear52x]

Cash SPX is above 20ma in 5min. /ES is below, sideways until they sync in to move up/down in sync.

[Vaamsy]

Desc triangle invalidated, now its a rectangle.

[Vaamsy]

Possibe IHS on the 1min to get to overnight high?

[BullBear52x]

Weak internals, $TICK average below zero, it will need to take a big spike up to change it. bearish bias to continue for me.

[BullBear52x]

as soon as i said they need higher spike up sure enough they did.

[BullBear52x]

I am not as bearish any more. not buying it but not as bearish until we trade back under 46ish.

[Vaamsy]

Possibe IHS on the 1min to get to overnight high?

Almost met. Might still run to 3150 which is where I will short and hold.

[BullBear52x]

Cash SPX Fib, Gap and go is intact.

[Mr. BachNut]

The NYMO cycle has turned up.
Price continued to rise throughout the last down cycle.
So, the bulls powered through an internal/rotational correction.

Our benchmark at SPX 3004.76 has been stranded.
We consider this unfinished business and probable to be closed at some point in the future.

There are now 14 open gaps to the downside. That is a lot.
Price has also broken up out of a rising channel.
Perhaps this is an overthrow at month end that will fix in the new month.
Alternatively, we could also get a parabolic rise as bears and under-invested bulls capitulate.
I haven't got a clue.
I do wonder if the Fed is trapped between a bubble and a bear with no good choice.

My runner positions are still jogging along.
My stops were never hit nor did my short setups trigger during the NYMO down cycle.
There is nothing to be done at the moment.
The gains are starting to feel unfair, but that is not my problem.
My problem is how to hold on to them when Mr. Market decides to bite.