09/22/2016 Live Update

[Cobra]

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this bull may have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/09 ... ay-update/

[fehro]

SPX opening near 2174. mind the double open gaps 2170-2180. possible resistance at open.. if not 2185+ . SPX 50d to the downside for support 2168.49

[fehro]

DXY dollar slips under 20d SMA

[fehro]

SPX don't think I've ever seen three gaps overlap.. that 2170 level seems important Nibble tiny short

[fehro]

NDX/COMPQ gap up to nATH .. a little abandoned baby like.. something to watch for.. fwiw

[DellGriffith]

Daily SPY:

It looks like we will get a MACD bullish cross but it will be an invalid cross and not a buy signal. There was a chance that could happen and we did get the scenario to wipe out the buy signal.

[DellGriffith]

Daily SPY:

If you look back to august 15th, we were about to get a upper bb breach on the candle. Those are rare and historically that formation has about a 50% chance of marking THE top of a rally. We just missed the breach BUT it marked the rally top anyway.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2016/09 ... ay-update/

[Cobra]

this is the 1st place where dip buyers would step in. let's see. if indeed they come it'd be a strong uptrend day.

[fehro]

SPX tight range.

[BullBear52x]

Yawn....clockworks dip never come

[BullBear52x]

Bears counter trend on negative D. Until the dip sets in is only game in town atm.

[Cobra]

this should never happen in a strong uptrend day. seems a range day to me now. let's see any buyers here at ema20.

[fehro]

SPX falls.. VIX lags

[BullBear52x]

Clockworks, until this buy failed will bears can smile a little

[Trades with cats]

Starting to look like yesterday was more about closing shorts than committing new money.

[Denali92]

Just some perspective on FOMC tops

http://www.cobrasmarketview.com/2016/09 ... ay-update/

Personally, I may be waiting until Cobra highlights some real extremes.

-D

[fehro]

TLT > 20d nHOD

[DellGriffith]

My intraday system is on a sell signal ATM... Maybe ill update that as we go along for today only.