10/12/2016 Live Update

[Cobra]

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2nd test of the previous low, anytime a strong bull bar appears then beware of double bottom. let's see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/10 ... ay-update/

[fehro]

20w 2141.86.. opening at 2138.1ish

[Out of Bounds]

Daily, hourly, & 15 minute charts w/ relevant lines

[TraderJoe]

http://www.businessinsider.com/hsbc-red ... et-2016-10

[fehro]

DXY new HOW.. oil starting to feel dollars pain… mind the weekly on /CL inv hammer/gravestone.. but long time to go to close.. 3 days

[fehro]

higher low.. mind the invs H&S should this level stick

[BullBear52x]

clockworks, it's always work.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2016/10 ... ay-update/

[BullBear52x]

DXY new HOW.. oil starting to feel dollars pain… mind the weekly on /CL inv hammer/gravestone.. but long time to go to close.. 3 days

for market to go up /DX must go down.

[Out of Bounds]

Breadths have yet to show any strength.
$ADUSD has peaked at +808. Now -362

[Trades with cats]

Dollar is strong Fed is doing less bond buying than ECB or BOJ, and Fed is being hawkish. Last time minutes showed large levels if dissention odds makers are saying Dec hike. US Market, according to Martin Armstrong, is the only one with the size to hold a lot of hot money looking for a safe home.

Oil price right now is based on conviction that OPEC and Russia will freeze/cut, but there are no facts to support that. So every time contrary numbers that are viewed as facts (production/inventory estimates) someone has to get in front of the microphones and re-assert that the story is true. Market is paying them well to make the story sound true.

Last fall we dropped all the way to the upper 20's. Right now the US economy is growing more slowly than at this time last year. There is supposed to be even more oil in storage than last year. True US production is lower, but OPEC production is higher.

The big trading houses can move the markets, or at least give them a nudge, and anytime 'everybody' runs to the same side of the boat, especially when they are rowing against the tide (going opposite annual price cycles), they are going to make money.

[BullBear52x]

let see if there is new hod from here.

[KENA]

Drop in liquidity

chart by stocktiming

[Cobra]

always give bulls more credit so I assume there's another push up?

[champix]

ES : if we manage to stay above 5 min EMA20 and see 2136 and break the triangle on the upside, immediate target should be 2140-2142.
Below 2136, looks like we go down...

[Cobra]

another push up indeed. now let's see if it can make a new day high

[fehro]

SPX .. another invs H&S possible.. but TRIN is heating up

[DellGriffith]

Daily SPY:

If I wasn't clear yesterday, the ABC correction was close enough to have been fulfilled yesterday. We can take off higher any time now.

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2016/10 ... ay-update/