01/08/2015 Live Update

[Cobra]

channel top, vol surge, so might be a pullback here first then we'll see.

[joeynickels]

this should not happen on a strong uptrend day. no good.

Maybe not so good for action on 5 min chart, but on longer time frames like 30-60 min looks like bullish consolidation above support at 205.46 and waiting for MA/EMAs to catch up.

[BullBear52x]

There is a peace treaty?

[MrMiyagi]

That is a great bit of work Mr Bachnut!!

From my observations, DIA gives and hits the least signals, QQQ gives the most multiple signals and SPY is the heaviest target hitter. IWM is constant and a little behind SPY.

[fehro]

SPX .. little ending diagonal/bearish rising wedge of sorts?.. a little choppy here.. VIX .. not new low yet..

[fehro]

any more pbars? Mr. M? … seems like a lot of block action…

[JFR]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

PBar Stats.jpg

That is a great bit of work Mr Bachnut!!

From my observations, DIA gives and hits the least signals, QQQ gives the most multiple signals and SPY is the heaviest target hitter. IWM is constant and a little behind SPY.

Thanks for sharing, MrM and MrB.

[MrMiyagi]

any more pbars? Mr. M? … seems like a lot of block action…

spy

[fehro]

/es 120m.. possible invs H&S cyan neckline…(target top green trend)... possible larger red diamond top.. should we fail near the red/green trend / 50d/20d ish range..

into the red/green trends (diamond edge) from this AM on the /es

[MrMiyagi]

!!! POWER HOUR !!!

[fehro]

big block 1.3M SPY 205.54 - real time

[MrMiyagi]

NFP tomorrow, in case anyone forgot...

[champix]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
------------

PBar Stats.jpg

That is a great bit of work Mr Bachnut!!

-----------------ant and a little behind SPY.

Thanks for sharing, MrM and MrB.

+1, I really appreciate.
I compile pbars from Miyagi, 5 min gap on the ES (future mini s&p) and daily chart analysis to find intraday target (especially in good trend day like today).
eg : on ES, I have open 5 min gaps @ 2081.75 and 2087.50 and Miyagi's pbars @ about 2086 & 2081 (es translated) on the upside
on ES, I have open 5 min gaps @ 2020.50 and pbars @ about 2037/2020 on the downside

I am betting on this upside move to go at least @ 2090 and then, when market goes down, target is surely 2020.
It is my own analysis, nothing really important...

[grandeG]

Melt up coming shortly...

[fehro]

bulls going for the stick save tomorrow.. with a hammer.. weekly SPX

[Cobra]

members only update at 3:27 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[fehro]

Melt up coming shortly...

possible weakness creeping in..

[chickencoop]

For a strong up day like today, the tick activities are quite calm. I don't know what to make of that.

[Cobra]

don't like this close, hopefully reverse up again before the close.

[BullBear52x]

Bulls will have to pray now, not the bears.