11/15/2017 Live Update

[Cobra]

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testing support.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/11 ... ay-update/

[Trades with cats]

Overnight volume was 3x typical. Asian markets sold off and then London/Frankfurt traders sat on their hands. My feeds say it was all caused by adding health care to the tax bill.

[fehro]

look out below!

[te_fern]

Several people have said that 2566 was important support, so we maybe in new territory here. A correction???

[te_fern]

I was upset yesterday about the bots taking me out of my day trade. Any thoughts I had about not using a stop loss should be set aside after this morning!!

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2017/11 ... ay-update/

[te_fern]

A little longer time period for the 2566 support we just broke. Also, can see a H&S formation.....

[te_fern]

I would guess that we will bounce back to the bottom of the box and then we can see what will happen...

[Mr. BachNut]

Mr. BachNut strolling in with a post.

NYMO has been in a decline since September 1 while price has marched relentlessly higher until the last few days.
All models are wrong, but some are useful.
I have not posted NYMO for a while because it has been absurd.

Today is noteworthy however, because NYMO has reached the Turn zone.
The oversold zone is still a ways below, but it is fair to start looking for a turn up in the days ahead.

It would not surprise me to see a bounce followed by a lower low tag of the middle keltner with a positive NYMO divergence at some point.
Some key down gap targets are being hit this morning. We now have additional targets above and below.

I have been short the Russell 2000 for a while having scaled out and with just a runner on now.
I missed an SPX short entry Monday night that would have scaled back this morning.
Next trade could be long or re-loading short a bounce.

[Cobra]

the rebound should fail. don't expect another reversal up day again. but well, never underestimate the power of bull side...

[brokebybernacke2]

Should be another lower low coming in few days, will consider a buy there.
I see no bull worries until sp crosses 2507 on the down, then maybe a bead of sweat from bulls..

[Trades with cats]

Smalls are finally marching in sync with the big cap index. Successfully reversed that Asian negativity of last night.

[fehro]

look out below!

mind the 50d on SPX 2542.. RUT very key support near here summer highs… but 200d is dangerously close… loose 1440 level 200d 1415ish

[te_fern]

Almost back to the bottom of the box. My guess is we head back lower, as several have already said on the board!!

[johnnywa]

Bears are toast

[Trades with cats]

S1 pivots are a very big issue this morning

[Trades with cats]

Any body get a winning lotto ticket, I mean short Target before earning today?

[fehro]

Mind all the island tops… SPX, AAPL 60m …. not pretty.. looking for nLODs

[te_fern]

Well, back in the box! What do I know! LOL!!