01/28/2016 Live Update

[Wallstreetrader]

Hourly can't lie so short will be the medium terms for the next months back later, cya.

[fehro]

SPX morning gap filled.. now the lower one?

[uempel]

Looks as though SPX 1871 is key (MA 13)

[Tutti]

Oil got oversold, I am guessing, and most importantly we are a couple of months out from the twice a year sit down with the bankers. So what a great opportunity to lock in some sales at over 30, just like last fall when they boosted it up for a week or so. All last year and now this year it has been the same deal, some story or data point that doesn't mean a lot triggers a big reversal taking out stops and then it ends. Pick your topic, rig count, opec, China demand, and it is on the charts.

FWIW really enjoy your take on oil.

[jademann]

FWIW.. I specifically heard Trump say he does not want to inherit a stock market bubble to start his presidency.. FWIW..
It seems the market does correlate to the election cycle and they all know it.

[BullBear52x]

LL today will not hold up. break down she goes.

[Trades with cats]

I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

[fehro]

SPX going to tease us.. and not fill gap.. it's just sooo close.. .and double bottom

[josephli]

I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

[uempel]

State of the art Elliott pattern shown by WTIC ...

[josephli]

possible descending triangle forming here. bias still down.

[BullBear52x]

This week we have this 61.8% to focus on. I think it's either today or tomorrow it will breakdown.

next week we will deal with bigger range I think. bigger bear flag bearish consolidation

[Cobra]

testing yesterday's low, let's see if bulls can make a double bottom.

[DellGriffith]

daily SPY:

macd is at +0.03. Bears need just a little bit more down (and to hold the line) or death to bears. No failure allowed. And it will be the same tomorrow too if they survive today!

[DellGriffith]

Basically bears need to break the double bottom. If double bottom they die.

[BullBear52x]

Intraday, follow trend LL needed LH is trend to follow for now. Simple stuff.

[TraderGirl]

TLT had 5 waves down....usually need a lower low than "a".....

[Out of Bounds]

Monthly Oil LT chart

[fehro]

I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..

[BullBear52x]

daily SPY:

macd is at +0.03. Bears need just a little bit more down (and to hold the line) or death to bears. No failure allowed. And it will be the same tomorrow too if they survive today!

Distribution phase, I will be more worry at the next turn since we are on down trend.