08/04/2016 Live Update

[Cobra]

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Kiss channel goodbye or not, wait and see. doesn't look good for bulls as it's a 3 push up kissing channel, but I know bulls simply have unlimited miracles, so hard to say.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/08 ... ay-update/

[fehro]

Opening flat mind the gap, mind the 20d 2158.92 support.
Into resistance SPX on the hourly overhead supply, 2162ish, it holds and takes out Tuesday 2145 low, target 2120.
SPX 5m wedge possibly expands, mind upper gap 2170 range.. should we grind up today.

[fehro]

SPX up it goes.. VIX possible support near here (if not lower red). Could see SPX stall.

[fehro]

SPX .. dabble small short here.. not ideal.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2016/08 ... ay-update/

[fehro]

SPX testing 20d 2162.08 2160 goes.. looking for 2155, 2145.. that goes.. 2120

[Trades with cats]

The support/resistance indicator is saying ES has resistance at 2154.50 and support at 2152.5 area. Same deal in the TF at 1209. So this area seems to be a stop zone, again.

[Cobra]

not sure if there's another leg down. blue line at bottom could be the target if indeed.

[fehro]

still chopsville.. mixed indexes.. TLT green > 20d near HOD.. TRANsports caught between 50d & 200d. US dollar holding 50d SMA.

[Trades with cats]

More Nat Gas chatter. Bloomberg ran a positive article on how the MENA area is importing a lot of LNG as a way to meet their needs. Not using pipelines because they get blown up. Now Zero hedge is reporting the weekly storage data, I assume because it was a draw when a build was expected. It has taken years for Nat Gas to hit a bottom since Aubrey McClendon's Chesapeake destroyed the market by over drilling. At one point gas was at $15, today it is up off the 2.00 lows at 2.85. And the media is uniformly positive. I am confident the truth is a lot more nuanced as a flood of new LNG trains around the energy world come on line.

I gotta say a hot summer followed by a cold winter is as good as it gets in Natty land.

[fehro]

still struggling in this zone. trying to hold 20d SMA

[fehro]

SPY 214.25 anyone?

[Cobra]

great, we know the PLANED bear target now.

[Cobra]

breakout is more likely.

[fehro]

SPX struggles. VIX eeks out a new LOD, without SPX nHOD..yet

[MrMiyagi]

spy

qqq

[Cobra]

members only update at 12:03 pm
http://www.cobrasmarketview.com/2016/08 ... ay-update/

[fehro]

grind up.. resistance.. channel possible here.. mind the open gap 2170 range. dabble small short here again

[BullBear52x]

Trap channel, watch lower wedge, /ES 2x top intraday, I don't know why cash were so strong, /ES and /YM are not all that strong.