02/04/2014 Live Update

[Cobra]

goes as expected, key time, breakdown would be double top.

[gappy]

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[Denali92]

Have posted three significant research pieces - two on Yellen's arrival and one on Feb employment in last night's Market Outlook.

The FOMC Chair study is particularly important for the intermediate view of the market

http://www.cobrasmarketview.com/2014/02 ... -readings/

My employment view? - wait till at least Thursday before getting long.

-D

[Cobra]

good bull bar, now it's range, bias is up as range usually means continuation.

[fehro]

SPX 5m.. @ invs H&S neckline... triangle trend

[koolblue]

just touched es 1748.75...close enough to claim victory?
(1749.25,1753)still think we'll see the other number.. in time

[gappy]

good bull bar, now it's range, bias is up as range usually means continuation.

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[koolblue]

30 MIN AVGS NEED HALF HOURLY CLOSES ABOVE 1747 TO TURN POSITIVE(a couple ,not just one) .. but heres an update..

[BullBear52x]

SPY can handle more hits but DIA is not.

[Cobra]

rebound so far weak, could just be bearish rising wedge.

[koolblue]

I shoulnt trade since ive made my money for the day, but i will sell for 2-4 handles at 1752.25 or above,should it come to pass.

[Mr. BachNut]

Have posted three significant research pieces - two on Yellen's arrival and one on Feb employment in last night's Market Outlook.

The FOMC Chair study is particularly important for the intermediate view of the market

http://www.cobrasmarketview.com/2014/02 ... -readings/

My employment view? - wait till at least Thursday before getting long.

-D

Great stuff as usual Denali. Thank you.

I wasn't even thinking of employment.
So, perhaps a low before or after.

[fehro]

SPX 5m.. messy.. the invs H&S neckline still subject to revisions.. the break up seems weak.. so either a bearish rising wedge.. or the neckline is higher/more horizontal?
triangle toast.

[Vaamsy]

rebound so far weak, could just be bearish rising wedge.

Looks to me like an Ascending Triangle?

[KENA]

Tomorrow the 5th is a scheduled double POMO day.Sooo lets see what the Fed will do.

[BullBear52x]

Rip will be sold and roll down will be chased, until either entry fails will bulls feel any better.

[koolblue]

30 min update

[BullBear52x]

MO oversold bounce should be at hand from looking at intraday NYAD. well, 3rd time charm?

[BullBear52x]

Intraday bears waiting station. (ES hourly is entering sell the rip zone also)

[KENA]

Long shot on 3 day 5min SPY..Dome forming up to 178.18/20..High risk but lets see.