07/27/2018 Live Update

[MrMiyagi]

SPY QQQ Double-Bottom or BUST

Triple Bottom OR We're NEVER GOING UP AGAIN!!!

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[MrMiyagi]

SPY QQQ Double-Bottom or BUST

Triple Bottom OR We're NEVER GOING UP AGAIN!!!

Ay Caramba!

[Cobra]

will need lunch out today so no update for 2 hours. doesn't look good for now, looks like a downtrend day.

[te_fern]

I could buy an SPXS, a short ETF. That would make the market go up!! LOL!

[MrMiyagi]

I could buy an SPXS, a short ETF. That would make the market go up!! LOL!

Just buy TVIX, even a faster route!

[Al_Dente]

bloomberg has been yappin' about CBS for almost an hour

[Trades with cats]

I have to keep moving my trend lines over. Every band of support (resting buy orders) gets taken out.
You can see from the zerolag histogram it came very close to reversing during the Euro zone close. DI+- and their function, the ADX all got below 15. Then at 12 New York, the bulls gave up and the selling took over.

[Trades with cats]

The PPO, which is readily available on most charting programs is a pretty good analog for the zerolag oscillator I use. The DO oscillator (Divergence Oscillator) I run on top of it doesn't seem to be as common.

[Al_Dente]

Bottom panel
QQQ tests triple bottom as the internet (pink) collapses to lower lows
5m

[Al_Dente]

The PPO, which is readily available on most charting programs is a pretty good analog for the zerolag oscillator I use. ...........

thanks for that boss

[Trades with cats]

Must Do weekend reading- Dr. John Hussman (Hussman Funds) weekly letter made it to zerohedge today. It is always up for free at his Mutual Fund site. Why you should read:

1. Excellent explanation of the law of large numbers for business with outstanding charts showing where the FANGs were and are. This is math, not opinion, no critique of the companies, just math.

2. He shows his guess as to where the indexes will drop to in the next bear market. This is not bear porn. He pretty much nailed it last time. His expertise is full cycle investing. As an aside, Pretzel Charts picked the bottom live in real time last time. So if you want to buy cheap Dr. Hussman is sharing his insight as to what cheep could be. If you know of anyone else who called it way in advance and was fully ridiculed on CNBC please post their current outlook as well.

[1der]

SPY PBar update - Nothing from this morning and the last evening 283.26 has already been hit.280.26 area is next one down as of writing.

5 min chart and 60 min charts. Very interesting where the consolidations, tests take place. Someone here smarter than me has to be able to incorporate this.

[Trades with cats]

https://www.hussmanfunds.com/content/comment/

Spoiler alert
NASDAQ 100, expect 57 % fall
S&P 500 64%
Russell 2000 68%
DOW 69%
File this away and then pull it out after we drop 25%. When ever that happens.

[Trades with cats]

First time in an hour solid buy orders 2 ticks below the low. Sell orders 12 points above the low. Somebody expects a bounce that will fail.

[1der]

First time in an hour solid buy orders 2 ticks below the low. Sell orders 12 points above the low. Somebody expects a bounce that will fail.

TwC - do you run your cool charts for SPY? It would be interesting, at least to me, to see if the buy/sell groupings are around the PBars I see.

ouple of ticks below the low woul be in the 280.26 range where the next PBar is below. Thxs!

[1der]

Bulls used lots of gunpowder to hold that line

[Wallstreetrader]

Time to dip

[Trades with cats]

Sorry my cheep ass data feed only does futures. I can get the major indexes but not live, just a snapshot at a time.

You can download the package and run it with live data for free. Ninja Trader has a group of order flow tools including a foot print style chart that I am not smart enough to use. Colored background I can figure out, and the bid ask delta bars I can figure out as long as they are red and green!

[Al_Dente]

old news: the heaviest holdings of all the smarty-pants HEDGE FUNDS were all faang+
boy are they scrambling today.........