09/18/2015 Live Update

[tsf]

Source: @Callum_Thomas Sep 18, 2015

[daytradingES]

H/L est 1968.75 1940.00
Breakdown= 1938.00
----
both 68.75 and breakdown don't co-exist unless there is a larger range than I am expecting
so 65 (just in) may be the HOD and then somewhere around 42 to 40.5 the LOD.
=== low confidence on the estimates today ====
--------------------

On another thought - if raising 0.25 would have been neg for equities and not raising is neg for equities - it seems the markets have said FY to the Fed and MSM lies that the Fed can do anything other than line the pockets of bankers (the fed's owners and controllers) at the expense of the rest of us. So with the fox given charge of the hen-house it seems little wonder the chicks are finally realizing the sky is falling.

The bankers lining their pockets "experiment" with trillions of taxpayer dollars and corporations selling their soul (and the workers jobs) to China is shown for the theft by the 1% that it is.

Commodities are multiyear lows and sinking.
Suddenly Dr Copper has been forgotten has he says, "recession/depression" and the MSM has been told by the US Bureau of Lying Statistics - everyone has jobs and the economy is growing -

"Sure, sure, it tis" - in Irish brogue

[uempel]

I'm checking 2011 too

Source © uempel

Source: @Callum_Thomas Sep 18, 2015

[daytradingES]

sim only day

[uempel]

Update:

[fehro]

SPX .. minor bear flag on the 5m

[fehro]

I'm checking 2011 too

The attachment ztr.png is no longer available

Source: @Callum_Thomas Sep 18, 2015

SPY fwiw.. 2011 .. another look at pullbacks... http://chrisciovacco.tumblr.com/post/12 ... et-bottoms

*added the 39 bar date.. Oct 19 near VIX expiration Oct 16 OEW

[Cobra]

not clear it's double top or rectangle or ascending triangle, wait.

[noob]

not clear it's double top or rectangle or ascending triangle, wait.

Looks like higher lows in a channel, or a bear flag? Feeling we target unchanged for the day at least.

[Cobra]

well, it's kind of ascending triangle breakout. so the past rule still applies: always assume up.

[uempel]

Should SPX follow the 2011 script there will be one more bounce - a fifth bounce - before SPX tanks below the previous low at 1867. Note - this is hypothetical and just an observation. I'm not betting on it as it is very unlikely that SPX copies the last big correction one-to-one

[Cobra]

Wedge? so favors bears?

[tsf]

Thank you for your insights, uempel !

Should SPX follow the 2011 script there will be one more bounce - a fifth bounce - before SPX tanks below the previous low at 1867. Note - this is hypothetical and just an observation. I'm not betting on it as it is very unlikely that SPX copies the last big correction one-to-one

hgtz.png

[fehro]

probing the lower edge of the bear flag SPX 5m.. break look for 20d 1956, gap fill 1952

[tsf]

Ok, got it, maybe incremental improvements going forward
Thank you, fehro !

I'm checking 2011 too

ztr.png

Source: @Callum_Thomas Sep 18, 2015

SPY fwiw.. 2011 .. another look at pullbacks... http://chrisciovacco.tumblr.com/post/12 ... et-bottoms

*added the 39 bar date.. Oct 19 near VIX expiration Oct 16 OEW

[Cobra]

members only update at 12:20 pm
http://www.cobrasmarketview.com/2015/09 ... ay-update/

[uempel]

Update:

[noob]

Either wedge broken, or oddly shaped IHS in the forming on /es, if that's the case shouldn't drop much more than the current level.

[ALdaytrade]

Update:

uzt.png

unempel
This is the formation that I was trying to describe a few days ago. If you run the blue lines under your large area labelled #1, it connects with the top and bottom right before your area labelled #1. On a 5 hour chart there is a space and that area in a #1 looks like an island.

[fehro]

*SPX 20d 1953ish