11/12/2015 Live Update

[Cobra]

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I think you should all see H&S Top breakdown, text book target at 2018.25. Unfortunately, H&S Top usually doesn't work. Anyway, as usual, should be a sharp rebound at open, let's see.

[fehro]

SPX .. mind the morning gap.. looks like we may below SPX20d 2070.74 and near 200d @2064, 50w @ 2062.
Mind lower open gap 2052-58ish. 60m H&S opening below neckline target on H&S 2020.

Channel support on SPX 2060ish.. SPX500 chart ~ /ES ish .. could neckline here instead.. and bounce..

As per yesterday's comments… gap was expected.. not sure which way with the H&S… pattern. Now possible "island top" NDX, and many other stocks?? not pretty.

*SPY opening below/near 20d, 200d, 50w, 207.12, 206.48, 206.24

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/11 ... ay-update/

[Unique]

(From 8:17am)

ES Head and Shoulders: 100% Measure Move Target = 2036.75. Valid as long as 1HR 20EMA bear train

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Busy day today, probably won't post as much

[Trades with cats]

The speaker calendar:

9:15am: Fed’s Bullard speaks in Washington
9:30am: Fed’s Yellen speaks in Washington
9:45am: Fed’s Lacker speaks in Washington
10:15am: Fed’s Evans speaks in Chicago
12:15pm: Fed’s Dudley speaks in New York
6:00pm: Fed’s Fischer speaks in Washington

I think we could have some moves today.

[fehro]

bounce .. at open and make green… RS fwiw

[josephli]

SPX .. mind the morning gap.. looks like we may below SPX20d 2070.74 and near 200d @2064, 50w @ 2062.
Mind lower open gap 2052-58ish. 60m H&S opening below neckline target on H&S 2020.

Channel support on SPX 2060ish.. SPX500 chart ~ /ES ish .. could neckline here instead.. and bounce..

As per yesterday's comments… gap was expected.. not sure which way with the H&S… pattern. Now possible "island top" NDX, and many other stocks?? not pretty.

*SPY opening below/near 20d, 200d, 50w, 207.12, 206.48, 206.24

Boss, QQQ is still hanging on the cliff, so no island top as yet.....

[Unique]

The scalp account shorted at 2057.75

Swing account is short from 2064.25, targets 2035

[fehro]

SPX nears open gap.. .2058-2052 ..VIX 60m.. upper chart.. messy invs H&S .. target .. crazy I know $24

[Al_Dente]

note DWTI and SCO short oils
gaps

[josephli]

bear need to down huge today otherwise long term bull may see it as buyable dip.

[fehro]

gold making a sharp reversal… DXY fwiw

[josephli]

USD dip, TLT strong. Correlation seems to return to normal.

[Unique]

ES: Hourly closed as bear candle with bottom wick. Trending 5m 8ema+20ema bear train still

[fehro]

INDEX days

[Trades with cats]

Small caps heading on down. TF finally dropped below VWAP

[josephli]

IWM lead, QQQ not so much

[Al_Dente]

Declining stocks are 4.4 x advancing stocks
Declining volume is 4.8 x advancing volume
strong bear bias

[fehro]

sitting on gap… SPX <200d<20d<50w

[Unique]

SPY Charts: For those that trade stocks instead of futures.Current target is at 204.00-203.50