07/22/2013 Live Update

[Cobra]

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Could be a rising wedge in the forming if price could pullback a little bit more, say to 1685, to confirm the wedge, then finally the chart favors bears a little bit. Let's see.

[Cobra]

The weekly stock picks are here: viewtopic.php?f=10&t=1002&p=137257#p137257

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

[fehro]

SPX 15m

[Harapa]

YTD return of trading strategies built around this concept*.
SSO/SDS +30%
XIV/VXX +134%
*past performance is not a guarantee of the future.

[fehro]

SPX 60m

[fehro]

VIX green, SPX green

[Al_Dente]

existing home sales at 10:00 ET

[Al_Dente]

GDX gapped above double top

[auger]

/YM Globex traders thinking they were getting the jump on a C&H breakout, getting run over.

[fehro]

existing home sales at 10:00 ET

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[TWT]

$NDX: A corrective pattern is underway

[Auole]

I know these gray charts are ugly, but,,, they are original C.Edmondson's (kicked out of TOS) built for tick iday trading. TOP is forming. Charts: /ES 4 hr; 2 hr and the tick. My intuition tends towards one more splurge higher although as Cobra says this low breaks down it could be pullback time. Although tick is beginning to wanna go up I think with Cobra that today will visit lower support @ 1685 or 1683ish. The 4 hr is the truest LT short but you do not get in at the top; that is when CE double sto and ergodic osc finally break down. That top business is anyone's guess. Just a little input for the board today. Best trading to all. Blessings!

[Cobra]

the 2nd test of the day high might be failed. let's see 100% mm target could be fulfilled first. unlike the 2nd test of the day low forming higher low then the low was in which is a easy call because the trend is up. Now the 2nd test of day high fail is an against trend call, so not easy right therefore mostly we'll have to wait and see.

[Cobra]

well, too bad, might be higher low now, so the day high maybe challenged. overall, a range day.

[Cobra]

100% mm on the upside.

[Al_Dente]

5min internals

[TWT]

$DOW: If a lower high is confirmed I expect a meaningful correction (wave C or 2)

[Cobra]

target met. this bull may have legs. not sure as it could be range day.