10/08/2013 Live Update

[Cobra]

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Don't know what pattern it is on the Global ES. Need break the red line above to be a Double Bottom.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[L_T]

Good stuff from Bespoke as always:

"As shown, over the last 15 trading days, SPY has averaged a gap down of 0.18% at the open, which is its worst reading of the year. Fortunately, the market has actually averaged a gain of 0.11% during regular trading hours over the same time period, so there has been some buying after the initial gap lower."

http://www.bespokeinvest.com/thinkbig/2 ... nings.html

[Out of Bounds]

I found these this morning as I was browsing during my post sleep/pre-breakfast fog:

[smith]

It looks like we are up against resistance from the uptrend line. If we break through that then about spy=163 seems likely. That would also keep the double top potential in play on the weekly chart.

[Out of Bounds]

spy100813.png

It looks like we are up against resistance from the uptrend line. If we break through that then about spy=163 seems likely. That would also keep the double top potential in play on the weekly chart.

Great chart!

[L_T]

Cobra what was your downside measured move from yesterday afternoon? I'm curious to see if it finishes that pattern this morning. Thanks.

*EDIT: I have a feeling it's been reached already......

[fehro]

SPX 60m... on long term support, break it.. could see a sharp down move.

[uempel]

Ellipses showed us that something is going to happen at 11:30 a.m, now I read that the treasury auction is at 11:30 a.m.

[uempel]

SPX 60m... on long term support, break it.. could see a sharp down move.

Yeah, very tricky. And I've got a big signal for tomorrow

[stlwater]

SPX 60m... on long term support, break it.. could see a sharp down move.

Yeah, very tricky. And I've got a big signal for tomorrow

What, if I may ask, determines whether the signal is "big" or not?

[uempel]

SPX 60m... on long term support, break it.. could see a sharp down move.

Yeah, very tricky. And I've got a big signal for tomorrow

What, if I may ask, determines whether the signal is "big" or not?

Size of the ellipse and time frame: an ellipse which covers several years on the monthly/weekly chart versus an ellipse which covers 1 hour on the 1min chart...

[Cobra]

NORMALLY, this rebound shall fail eventually.

[uempel]

SPX 60m... on long term support, break it.. could see a sharp down move.

Yeah, very tricky. And I've got a big signal for tomorrow

[Cobra]

members only update at 10:09 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[fehro]

SPX daily

[L_T]

SPX daily

That November trend line is key. Seen Bachnut mention that as well.

[stlwater]

SPX daily

That November trend line is key. Seen Bachnut mention that as well.

This coincides with the 50WMA which is, indeed key. I suspect a very strong bounce there, perhaps to even make a new high by Christmas, then.... another bubble goes boom. My worthless opinion only.

[Cobra]

possible higher low. breakout blue line would be double bottom.

[Al_Dente]

IWM is at a quad bottom, while 1/RVX shows lower lows