09/25/2018 Live Update

[Cobra]

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no idea up or down from here. my guess is a range day today.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/09 ... ay-update/

[JFR]

Which way you goin', Billy?

[JFR]

Schizo day for the Qs

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Trades with cats]

Sell volume maxed in the 8 AM (10 Eastern) bar at 1,816. Either wait for EMA and VWAP to catch down or up we go.

[Trades with cats]

Wow, was not expecting that. Barely kissed VWAP and whosh down we go. Big level of buyers at 2924 so hello to support.

[JFR]

Italy up. I cannot help but recall what Nixon said about the lira way back in the 1970s. He did not care about Europe either.

India down.

[Trades with cats]

German economic control of Europe is on very shaky ground. When Brexit happens watch out. Doesn't help that Angela is very much on her way out.

[te_fern]

TICKs broke over their MA lines yesterday afternoon. It looks like they maybe rolling over now....

[te_fern]

Watching this ST trend line....

[Trades with cats]

Third try at VWAP

[te_fern]

Pushed thru trendline and VWAP. I don't know if stockcharts VWAP is the same as the one that TWC uses....

[Trades with cats]

Different index. ES and SPX are closely related but not always in perfect sync, especially on volume, thus no way for VWAP to be the same. Now the EMA should be closer, especially after a half hour or so of trading so that the Globex hours EMA and the New York Pit hours, now called regular hours, EMAs can syc up.

Important to me is since 10 am every touch of ES VWAP has been met with selling so on paper a trigger happy institutional trader having to sell a lot of contracts without tanking the market. At 9:38 ish market stayed up above VWAP for 4,000 transactions.

[Trades with cats]

New support forming at ES 2920..75

[te_fern]

oops....

[Al_Dente]

10 yr yield, TNX, approaches potential double top

[Cobra]

we may have the range low, now assume the morning high is the range high.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2018/09 ... ay-update/

[Trades with cats]

Gap filled during Globex session probably counts as still open. They are going to have to get Larry K out in front of the cameras because tomorrow is Fed day and Thursday will be yet another media circus like yesterday.

Unless you actually expect Powell and company to say we are wrong and will be cutting rates a month before an election.