02/18/2015 Live Update

[Cobra]

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Don't know what pattern it is. if it's channel, then should be a rebound here.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/02 ... ay-update/

[champix]

GM,
Nothing new. ES on its way to target 2120/2140 and Eurostoxx50 at its high ( same with dax)... bullish power does not care about Greece.

[Al_Dente]

there are a few wedges developing here

[fehro]

SPX

[Cobra]

double bottom?

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2015/02 ... ay-update/

[Unique]

double bottom?

Looks like a risk 1 for 3 for 2090 ES bear. Sell stop 2090 target 2087 immediate.

FOMC today so it's a whipsaw/tight range boring day

[Cobra]

morning hourly hollow red again.

[fehro]

SPX first channel support.

[Cobra]

vol surge, might be a rebound here first, then we'll see

[fehro]

INDEX days.. RUT slips below yesterday's low

[Al_Dente]

Bulkowski's Rising Wedge
http://thepatternsite.com/risewedge.html

"Rising wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have unacceptably high failure rates and small post breakout declines. Also, pullbacks occur almost two-thirds of the time and throwbacks happen almost three-quarters of the time."

[DellGriffith]

internet forums and posts do not seem to be in a topping alignment. the typical pattern is for bears to growl on a daily basis with their top calls on every wiggle. its when they finally give up and fall silent that youll often see a top get put in.

right now there are way too many bears. i see top calls everywhere daily. this suggests more up.

[fehro]

SPX.. weak bounce = possible RS.. would need to break green channel.. VIX at resistance

[fehro]

SPX trying to hammer.. 60m.. break wedge? or one more trip up to new highs to complete/ or retest ?

[Unique]

TSLA testing 206 2nd time today. Too bad it's a fomc day. Need to see more juice.

212 is gap fill target

[Al_Dente]

[save for later]
Pretty comprehensive review: Which broker is best
http://www.stockbrokers.com/2015-online ... eview.html

[DellGriffith]

the image i have in my mind is that every time i come across yet another bearish rant, its another short that covered and went into a rage about their losses and actually helped propel the market higher. when those posts stop coming, it means bears are dead and there are no more buyers.

[Unique]

the image i have in my mind is that every time i come across yet another bearish rant, its another short that covered and went into a rage about their losses and actually helped propel the market higher. when those posts stop coming, it means bears are dead and there are no more buyers.

Some people have to lose for us to make money