12/20/2017 Live Update

[Cobra]

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no idea up or down from here need see more bars. Sharp pullback would be lower high therefore the short term top might be in.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Trades with cats]

Overnight volume normal. Overnight move was majority Hong Kong time frame and I am guessing tied to senate tax vote and US Treasury Secretary saying government won't shut down. European traders didn't do much to move things, but with German government in leadership crisis why would they?

[Trades with cats]

Unfinished business? Pit hours market says we were not done with that zone!

[Trades with cats]

From Zerohedge twitter feed

"one sentence with every possible buzzword in existence:
"the blockchain business unit will invest into unique projects which decentralize and disrupt the payment processing industry by combining blockchain technology and real world applications with talented development teams""

My comment is I wish I still had a buzzword worthy quote like that from the DOT.Com era to compare and contrast because they sure look similar.

[Trades with cats]

From Coolbizone Twitter

Just so you won't think I am a Luddite I do think Coolbizone is correct, the big gaines come from owning the survivors, and I do think blockchain crypto companies could easily have a history that continues to rhyme with the dot,commers

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Cobra]

morning hourly black bar.

[te_fern]

Hard to gauge direction today....

[te_fern]

I have a negative bias or 'no trades today' view of the market....

[te_fern]

TICK is trying to climb over the MA lines....

[te_fern]

Forgot to add the picture....

[te_fern]

Levered Bios need to push up out of the box....

[te_fern]

Levered smalls are struggling this morning too...

[Cobra]

i have a dream.

[Trades with cats]

Multi-dau volume profile overlay makes potential support at 2677 range obvious as well as resistance at 2687 range and more so at 2695 ish. IF 2677 fails to hold it could easily drop into a vacuum down scenario.

[fehro]

SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX mind the open gaps below.

[Trades with cats]

Back up to VWAP. At 10 same thing happened, triggered second wave down, But market is slowing down, so maybe we coast into London/Frankfurt close then start the slow grind up.

[te_fern]

SPX is still struggling, I don't think its hit Cobra's down target yet...

[Daniel]

SPY green