11/24/2017 Live Update

[Cobra]

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shortened trading day, generally up and boring.

[Cobra]

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

[fehro]

sounds insane.. mind the steep bearish wedge SPX 60m.. 2600 goes target is 2580.. for a shocker holiday move.. seems very doubtful.. but be aware

[fehro]

sounds insane.. mind the steep bearish wedge SPX 60m.. 2600 goes target is 2580.. for a shocker holiday move.. seems very doubtful.. but be aware

And AAPL.. same deal.. big move possible.. today.. or big gap down Monday?

[Daniel]

QQQ, SPY ath

[fehro]

sounds insane.. mind the steep bearish wedge SPX 60m.. 2600 goes target is 2580.. for a shocker holiday move.. seems very doubtful.. but be aware

[Daniel]

DJT, SMH, EEM, EWZ hod

KRE, XOP, MDY, EWG lod

[Cobra]

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

[Daniel]

Since the Open:

(mildly) STRONG- XLB, SMH
(mildly) WEAK- KRE, XOP

[Daniel]

Buy program now hitting equities. GLD SLV lod, many stock sectors hitting HOD, 52-week highs, and ATHs (SPY, QQQ)

[Daniel]

USO lod, Energy stocks weakening since their strong open.

Any time SPY and QQQ are hitting intraday highs--but none of their sub-sectors which make them up are hitting highs--it usually mean big basket program buying, perhaps keyed to futures price action.

This is often echoed, as today, by up/down volume being more bullish than advancers/decliners.

[Daniel]

UUP down 1/2 of 1%. IWM and MDY lod.
Perhaps they are following the dollar down...

[Cobra]

the pullback will be bought.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2017/11 ... ay-update/

[Cobra]

cup with handle, bias is up.

[Cobra]

now ascending triangle, bias still is up.

[Cobra]

members only update at 12:50 pm
http://www.cobrasmarketview.com/2017/11 ... ay-update/

[Cobra]

well, guess that's it for today. Monday favors bears according to the Thanksgiving seasonality. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[fehro]

wholly last second… takes out Oct 2006 lows.. VIX spike to 8.56

[Cobra]

:shock: wholly last second… takes out Oct 2006 lows.. VIX spike to 8.56

that's a false tick because you won't find it in the intraday chart.