03/13/2019 Live Update

[Cobra]

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no sharp pullback allowed here otherwise it'd be 3 push up which sometimes is a top pattern. so far doesn't look it wants to pull back sharply though.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/03 ... ay-update/

[BullBear52x]

same thinking as Cobra, one more sell then will know who is the boss, bulls or bears.

[JFR]

Overnight gap up on ES, NQ, YM and IWM.

[JFR]

A whole lot of chop going on. Travel day for me. Good trading, All.

[JFR]

Ooohhh ... Trying to break out.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[ccash04]

On 10 min SPY, nice negative divergence on MACD and RSI over past day and a half, needs to keep pushing otherwise pullback could be sharp.

[BullBear52x]

Bulls are looking really good now on cash index, dip will be bought for day trading. On /ES it's still questionable it could run into 2x top resistance. for now I don't see any reversal to call to on intraday level.

[BullBear52x]

Bulls are marching on

[BullBear52x]

/ES not too much for bears but a risky counter trend up here.

[Mr. BachNut]

The NYMO cycle is unclear.
It is moving up smartly at the moment but remains below the zero line.
It is not unusual to have a corrective move back to the zero line (or a little above) after a down thrust.
So, the next few days will be clarifying.
Perhaps a new uptrend gets rolling or perhaps a turn is near (around OPEX?)

Price is back above the pink line (which has also caused NYMO trouble since last July).
If price goes a bit higher, we could have a nice cup and handle shaping up.
It is a gappy mess though as the last few opens have generated a fresh inventory of down gap targets.
I think a close above 2817 would be good for the bull case.
A choppy funk into April to tease bulls and bears alike would not surprise.

My book is rather untidy at the moment.
My SPX short runner got stopped out Monday at breakeven and I am now long SPX.
My R2K short runner is still alive but vulnerable at the moment.
I have both long and short setups percolating.
So... some P&L chop/drawdown and the cognitive dissonance that goes with it may be in store for me.
I have no idea what will happen.

[luckystar2006]

All of my short-term signals are OFFICALLY up this morning. Swing or short-term bears are likely going to lose sleeps for the next few days/weeks

[Cobra]

key time. good bull bar up from here then it's an uptrend day, pullback from here then it's range day. looks like an uptrend day though.

[Mr. BachNut]

Scaled out one risk unit of SPX long.
Only bought two. Remaining is a runner.
So, long an SPX unit and short an R2K unit now.
We'll let the rock'em sock'em robots duel it out...

[brokebybernacke2]

anyone got a 2817 double top? Beuller? Bueller?

[Cobra]

testing the Mar 4 high now. this bull shall have legs anyway.

[BullBear52x]

anyone got a 2817 double top? Beuller? Bueller?

/ES M19 25ish finger on the keyboard ready to reverse to south bound train there.

[BullBear52x]

for counter trend move today is very risky, so I would not do it unless a reversal signal is clean. will see if I can identify it today.

[brokebybernacke2]

anyone got a 2817 double top? Beuller? Bueller?

/ES M19 25ish finger on the keyboard ready to reverse to south bound train there.

maybe Beuller in the house?