07/22/2016 Live Update

[Zane]

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could be ascending triangle, so bias is up. you can read the rebound as making a lower high of course, so it's not absolutely bullish chart.

Hi Cobra, if the pattern suggest a breakout, what is the target for this ascending triangle? how to draw it?

[Al_Dente]

McClellan's latest post:
"SPY Shares Outstanding Showing Topping Condition"
http://www.mcoscillator.com/learning_ce ... condition/

[fehro]

wholly UUP new HOD, new HOW… DXY pushing USdollar

[fehro]

SPX .. nibble .. short. SPX/SPY resistance, VIX support

[Out of Bounds]

McClellan's latest post:
"SPY Shares Outstanding Showing Topping Condition"
http://www.mcoscillator.com/learning_ce ... condition/

Here's a really good article that quotes McClellan and talks about a top here and why the bears may not be able to full capitalize on it.

http://www.marketwatch.com/Story/3-char ... 2016-07-20

[Cobra]

pullback was bought as expected. it should make a new day high, this bull shall still have legs. let's see.

[Al_Dente]

McClellan's latest post:
"SPY Shares Outstanding Showing Topping Condition"
http://www.mcoscillator.com/learning_ce ... condition/

Here's a really good article that quotes McClellan and talks about a top here and why the bears may not be able to full capitalize on it.
http://www.marketwatch.com/Story/3-char ... 2016-07-20

thanks boss, good one

[fehro]

as per yesterday..nears the spike level.. viewtopic.php?f=2&t=2114&p=227395#p227395
H&S "possible"

[Al_Dente]

Small caps
Put me out of my misery; just breakout already
And make it stick this time
60m

[Cobra]

the phantom bar target was met. this bull shall still have legs.

[fehro]

SPX green, near HOD, TLT green, near HOD.. TLT weekly "trying" to hammer.. making the bulls a little nervous

[JFR]

Some resistance at the top ...

[JFR]

And on the daily.

[fehro]

SPX still a battle for that weekly… Bulls need it in this range higher.. NDX,RUT strong INDU not so much

[Al_Dente]

5m
IWM breakout….. needs to get sticky...
Not yet on SPY and QQQ [?]
Pay no attention to the bottom panel “Flight to Safety” trying to lift. Nothing to see there, move along, that’s not the droid you’re looking for...

[Cobra]

should be some buyers here.

[JFR]

Pullback to the EMA 20.

[Trades with cats]

I see momentum indicators drying up worse than at 11:30. Just don't know yet if this is waiting for ol Wile E Coyote to look down or just a summer afternoon snooze fest. Insert picture of porch in deep south with old guys dozing in rocking chairs and dogs sleeping in the shade.

(Culture note:Wile is a beloved cartoon character who is always falling into canyons after hanging in mid-air, thus his appeal to market watchers)

[Al_Dente]

1/VIX has been diverging to bear-spy since noon-ish (red arrow)
Bulls need that to reverse.... and quick...

[Cobra]

members only update at 2:00 pm
http://www.cobrasmarketview.com/2016/07 ... ay-update/