10/06/2015 Live Update

[Cobra]

100% mm, so this bear may still have legs?

[Unique]

AMZN: HALF OUT +250%. Just incase we get a massive sticksave by miracle bulls here

Trigger below 536, then homerun to 532.5 gap fill.
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ES: First target 1964 fulfilled

[uempel]

CPI and SPX tend to go hand in hand. Today oil resp WTIC is up 4% - this is a good push for CPI. If oil stays high CPI should increase. This suggests more upside for the market, perhaps not today, but on a longer time frame this is good news for the bulls.

© R.B at CS

[Unique]

AMZN: Currently 1HR 20EMA = 534.
15minute trying for another bear flag, bears still need trigger below 536 for the home run to 532.5 gap fill

[Cobra]

members only update at 12:12 pm
http://www.cobrasmarketview.com/2015/10 ... ay-update/

[uempel]

Same as yesterday, Bullish Percentages are incredibly strong.

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[nikman]

Thanks Uempel for the clarification.

[DellGriffith]

I have not shorted but that may be an error on my part.

[johnnywa]

I have not shorted but that may be an error on my part.

Fwiw down into Friday ,the pbar guy kinda laughed at his 105.60 qqq pbars last Friday morning.Now he has one sitting around 99..

[fehro]

TLT gaining strength… VIX still under 50d… RUT the weakest

[uempel]

Today's weakness might only be a good bye kiss on the red channel

[Unique]

AMZN: These are the countertrend intraday bear train targets.

Immediate targets = 533.7 gap fill. -> 541 -> 538.5 -> 536

AMZN: All immediate targets have been fulfilled.

Hovering exactly at 536.00 now, it's time for the homerun to 532.54 gap fill gentlemen! Step it up bears!

Currently, 1HR 20EMA = 533.90

[fehro]

SPX .. looks still weak.. possible minor H&S should we bounce weakly…

[SERVO]

AMZN: These are the countertrend intraday bear train targets.

Immediate targets = 533.7 gap fill. -> 541 -> 538.5 -> 536

AMZN: All immediate targets have been fulfilled.

Hovering exactly at 536.00 now, it's time for the homerun to 532.54 gap fill gentlemen! Step it up bears!

Currently, 1HR 20EMA = 533.90

Nice trade, AGAIN!

[Unique]

AMZN + ES Hourly chart update:

I gotta go, good luck everyone!

--
Thanks Servo!

[brokebybernacke2]

Today's weakness might only be a good bye kiss on the red channel

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like it

[Cobra]

3 push down?

[fehro]

Hold on Draghi Speaking… at 1:00pm ET

[Cobra]

the rebound shall have small legs.

[Trades with cats]

I have to say he has become a non-event from a game theory point of view. They can't find enough securities to buy which was said at the time of the QE announcement. Nothing is working and his speeches seem to move the market for like an hour. But you never know, as all of the two day bounce was based on Central Banker utterances and bad economic data. No wonder we all want to go short (except friend Cletus).