05/31/2013 Live Update

[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.

========================================================================================================================================================================

Not sure if it's a Measured Move targeting 1626. It's definitely not H&S Top though as H&S Top requires a leading uptrend. You can say it's kind of H&S Top because the logic behind is the same - the 2nd rebound attempt failed therefore now people are tying on the opposite side. The question always though: Will bear be able to breakdown? That, we'll have to wait and see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/05 ... ay-update/

[KeiZai]

FTSE upd.: getting close to buy area, from there I expect either B-wave retrace before another (c) leg down or the current correction is done

O: viewtopic.php?f=2&t=923&p=130920#p130920

SPY: looking to cover and reshort when/if we breakdown

SPY short: viewtopic.php?f=2&t=938&p=131958#p131958

[BullBear52x]

FTSE upd.: getting close to buy area, from there I expect either B-wave retrace before another (c) leg down or the current correction is done

O: viewtopic.php?f=2&t=923&p=130920#p130920

The attachment FTSE-buy.png is no longer available

SPY: looking to cover and reshort when/if we breakdown

SPY short: viewtopic.php?f=2&t=938&p=131958#p131958

The attachment SPX-tr.png is no longer available

I am eyeing the bottom bounce before a real break down on /es, this is one hour.

[KeiZai]

FTSE upd.: getting close to buy area, from there I expect either B-wave retrace before another (c) leg down or the current correction is done

O: viewtopic.php?f=2&t=923&p=130920#p130920

The attachment FTSE-buy.png is no longer available

SPY: looking to cover and reshort when/if we breakdown

SPY short: viewtopic.php?f=2&t=938&p=131958#p131958

The attachment SPX-tr.png is no longer available

2/3 Covered 1/3 BE and I am done for the day

See u in WW and enjoy your weekend!

[KeiZai]

FTSE upd.: getting close to buy area, from there I expect either B-wave retrace before another (c) leg down or the current correction is done

O: viewtopic.php?f=2&t=923&p=130920#p130920

FTSE-buy.png

SPY: looking to cover and reshort when/if we breakdown

SPY short: viewtopic.php?f=2&t=938&p=131958#p131958

SPX-tr.png

I am eyeing the bottom bounce before a real break down on /es, this is one hour.

Yep I am more inclined toward breakdown (not sure if yet) but 1600 next week

see u later buddy!

[BullBear52x]

FTSE upd.: getting close to buy area, from there I expect either B-wave retrace before another (c) leg down or the current correction is done

O: viewtopic.php?f=2&t=923&p=130920#p130920

The attachment FTSE-buy.png is no longer available

SPY: looking to cover and reshort when/if we breakdown

SPY short: viewtopic.php?f=2&t=938&p=131958#p131958

The attachment SPX-tr.png is no longer available

I am eyeing the bottom bounce before a real break down on /es, this is one hour.

Yep I am more inclined toward breakdown (not sure if yet) but 1600 next week

see u later buddy!

Have a good one boss, here is my intraday reversal move.

[knock]

the top of the "triangle" will be broken today. When everyone sees a triangle, it's not. LOL.

[BullBear52x]

the top of the "triangle" will be broken today. When everyone sees a triangle, it's not. LOL.

here's how I ink my chart positive histogram, so, bulls need to move now or a breakdown will be bad.

[TWT]

$SPX: Possible impulsive down leg. Confirmed if it is followed by a 3-wave bounce

[BullBear52x]

My crystal ball said, LOD will be revisit for SPY and for /ES looking at 1640 that is 12 handles. am I greedy or what?

[Cobra]

volume surge, biggest bar, so may see pullback here first then we'll see. I'm neutral.

[knock]

the top of the "triangle" will be broken today. When everyone sees a triangle, it's not. LOL.

here's how I ink my chart positive histogram, so, bulls need to move now or a breakdown will be bad.

my humble thoughts...

[BullBear52x]

get the intraday out of the way, no test LOD I'll be disappoint, the market will really really really hurt my feeling then. see you guy later I am out for a walk before I do more tupid stuff.

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[daytradingES]

looking to sell at about 53.75 es
bb your thoughts?
Perhaps sell a little lower?
----fifflstick!! missed it

[Mr. BachNut]

Still partial short.
Expectations still low as all extended time bear setups fail this year.

My signals are still mixed.
Summation index for SPX is down.
Summation index for R2K is neutral. A conviction break of yesterday's low would flip this to down.
Composite trend indicator is still up.

I am interested to see today's close as it is last day of week and month.

[BullBear52x]

looking to sell at about 53.75 es
bb your thoughts?
Perhaps sell a little lower?
----fifflstick!! missed it

?? we are at 47.xx you think a bounce up to 53.xx from here? I already sell, and I am heading out now. later boss. see my previous post looking at 40ish for target.

[daytradingES]

no! posting prb
I hit submit 3 f times when it was 51
submit thing never when through

[Cobra]

what likely to happen after a morning hourly hollow red bar. https://stockcharts.com/public/1684859/ ... /296353091;