07/26/2016 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

still could be ascending triangle, bias is a little up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

SPX opening flat.. still in-between major trends.. mind the open gaps 2174-75 and 2155-52. VIX active.. possible breaking out of channel

[fehro]

SPY 30m fwiw.. H&S / triangle

[daytradingES]

*:30am
H/L est= 2167.50 2154.00 13.50

[fehro]

: NDX takes out yesterday's HOD /HOW RUT trying too.. SPX TLT VIX green

[fehro]

SPX

[finman66]

QQQ p-bar at $113.86 from January 4th is met
$114.65 & $115.17 remain open above from December

[fehro]

SPX dabble short.. gap may still get filled.. VIX/TLT green too.

[fehro]

SPY 30m fwiw.. H&S / triangle

resistance.. near

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[Cobra]

this bull shall have legs

[Trades with cats]

Media reporting Apple expectations are too high. So on paper a short here is a bet that Apple doesn't move the market up AND that the Fed doesn't move the market up. Still seeing this opening pop run out of gas so soon makes it tempting.

[fehro]

SPX struggles, never made higher highs.. with RUT/NDX.. 2165 goes.. looking for 2145. Trying to hold it here.

[fehro]

SPX dabble short.. gap may still get filled.. VIX/TLT green too.

Add a little more cautiously .. not sure here.. possible support.. it goes.. could start to move fast down..

[Mr. BachNut]

I am one of those old fashioned people that thinks the Dow often leads.

It has not been getting the same love as the SPX lately.
The hourly chart looks more like distribution and topping action to me.
... but maybe it is just consolidating before FOMC for a move up.

In any case, there is a volume hole below 18379, and a break could move rather quickly down to the 18,200s
I wouldn't call the pattern a head and shoulders exactly but it kinda looks like one.
So, let's see what happens.

I remain short (small position size) from last week though I had to reload after a flat stop.
I don't know what will happen.

[Cobra]

bad news?

[fehro]

SPX dabble short.. gap may still get filled.. VIX/TLT green too.

Add a little more cautiously .. not sure here.. possible support.. it goes.. could start to move fast down..

SPX struggles, never made higher highs.. with RUT/NDX.. 2165 goes.. looking for 2145. Trying to hold it here.

[fehro]

SPY 30m fwiw.. H&S / triangle

resistance.. near

holding mid channel.. it goes.. look out below! possible descending wedge now..

[fehro]

Support trying to hold.. . still weakish.. VIX at resistance of sorts..