02/09/2017 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].

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

range breakdown yesterday was false one, a breakout today was false as well?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[BullBear52x]

Now Daily standard indicators are aligned and bearish bias.

[fehro]

SPX couple point gap up.. ATH at 2300.99 could see retest.. to 2306ish.. otherwise mind Mon am open gap under 2285 to 2280 and 20d 2281.41

[BullBear52x]

Intraday, level to watch. hope we can have a range bigger than 5 handles if it will be so boring day. /ES pivot at 93.5 right at that level right now, we hit overnight High of 96, short term indicators suggest range day again. this s getting long in the tooth.

[fehro]

SPX 5m .. possible larger expanding wedge,.. 60m ascending wedge.. should have one more down trip before up. VIX flat ish

[BullBear52x]

Common chart pattern, very over bought again intraday. I will sell the next sell in hope to start the day on the southbound then buy the clockworks dip, will see.

[Cobra]

members only update at 9:42 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[fehro]

20d/50d in play on IWM / USO

[uempel]

Bulls fighting to keep SPX above the blue ellipse:

[BullBear52x]

lets go bear, 10 handles range day will be good enough.

[Junior Buffett]

For sure BEARS are in danger now...they are crushing last fighting BEAR to the death...they don't want any retail BEAR in this market...no small fish please...next big pie, we want to eat alone....

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[BullBear52x]

Neg D. sell, stick to what you know.

[Eddie]

Pretty sizable neg RSI5 divergence on ES 30 min chart, but until price gets through VWAP and R1 (now support) I'm not shorting this.

[Cobra]

might be an uptrend day, bears be careful.

[BullBear52x]

Pretty sizable neg RSI5 divergence on ES 30 min chart, but until price gets through VWAP and R1 (now support) I'm not shorting this.

Counter trend is dangerous, last one failed already.

wait for new setup.

[Trades with cats]

Later today I expect to see a Bloomberg chart at Zerohedge showing how most shorted went straight up today, because Small Caps are on fire and they are usually a good proxy for funds buying high beta (most shorted).

[fehro]

ding ding nATH .. dabble sm short

[Eddie]

Pretty sizable neg RSI5 divergence on ES 30 min chart, but until price gets through VWAP and R1 (now support) I'm not shorting this.

Counter trend is dangerous, last one failed already.

wait for new setup.

Daily R2 at 98.75 should be good for a short scalp. Wouldn't marry it though.