09/06/2013 Live Update

[Cobra]

breakout as expected. here's the C&H target.

[stlwater]

I know this looks pretty bullish but isn't it the pull back every wannabe bear was wishing for at lower levels? On my chart we are at the top of the raff reg channel (bear flag), the 200MA hourly / 50MA 4-hour, and gap resistance... this is a sell point from a support resistance standpoint... trend indicators can no longer be trusted.. use oscillators now. Had I not already shorted, I would be here (still net long as the overall trend is still up).

[BullBear52x]

everyone knows that why god creates Financial analyst to just making the weatherman look better.

but why creates BLM office? I just don't get it.

[Cobra]

members only update at 2:02 pm
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[rhight]

I'm not an EW expert, but the bearish view should be considered. Even though, at the moment, the bulls appear to have the ball.

[stlwater]

Ef it.. I sold my SPX long here.. I'll buy a retest if we break out above the 200MA.

[fehro]

SPX 15m

[BullBear52x]

90% of stocks/ETFs that I follow, last sell fails, this tells me the trend is about to change from down to up per my time frame. but due to overbought condition in hourly time frame, I am expecting it to have a relief pull back before moving much higher. so to say bullish push is strong enough today to not be so overly bearish. also $VIX tells me that bulls are clear out of the woods today as long as the $VIX stay the same at this level.

[stlwater]

Crude nearing 100% on hourly RSI and volume drying up.

[BullBear52x]

my preferred Fibocombo view.

[stlwater]

90% of stocks/ETFs that I follow, last sell fails, this tells me the trend is about to change from down to up per my time frame. but due to overbought condition in hourly time frame, I am expecting it to have a relief pull back before moving much higher. so to say bullish push is strong enough today to not be so overly bearish. also $VIX tells me that bulls are clear out of the woods today as long as the $VIX stay the same at this level.

VIX often finds support at 20MA during corrections, which is where we are now. Just sayin'

[MrMiyagi]

SPY

[Tutti]

90% of stocks/ETFs that I follow, last sell fails... per my time frame...

What time frame are you specifically referring to BB? TIA

[BullBear52x]

90% of stocks/ETFs that I follow, last sell fails, this tells me the trend is about to change from down to up per my time frame. but due to overbought condition in hourly time frame, I am expecting it to have a relief pull back before moving much higher. so to say bullish push is strong enough today to not be so overly bearish. also $VIX tells me that bulls are clear out of the woods today as long as the $VIX stay the same at this level.

VIX often finds support at 20MA during corrections, which is where we are now. Just sayin'

If the VIX bounces it will be bearish for equity, this is what make a transition area a difficult to trade.

[stlwater]

90% of stocks/ETFs that I follow, last sell fails, this tells me the trend is about to change from down to up per my time frame. but due to overbought condition in hourly time frame, I am expecting it to have a relief pull back before moving much higher. so to say bullish push is strong enough today to not be so overly bearish. also $VIX tells me that bulls are clear out of the woods today as long as the $VIX stay the same at this level.

VIX often finds support at 20MA during corrections, which is where we are now. Just sayin'

If the VIX bounces it will be bearish for equity, this is what make a transition area a difficult to trade.

Totally agree.

[Daniel-David]

Earlier I posted that HYG and JNK were confirming the equities, as of now, they are not. Closer to lod than high.

Also, yest. I posted that SPY/SPX was on the verge of a double barrelled BUY signal on daily timeframe. ROC-12 breaking above zero from deep in neg territory, conjoint with classic MACD buy signal crossover. Taken together, these “are what they are”-- to take a page from BullBear’s “is what it is dept”.

Not a recommendation, just an observation.

[BullBear52x]

90% of stocks/ETFs that I follow, last sell fails... per my time frame...

What time frame are you specifically referring to BB? TIA

mid to long term entry point. like this

[Al_Dente]

If juice wants to go higher, relative strength needs to bust out ……

[victorm]

Would appreciate any views on GDX. Thanks.

[Cobra]

wait for h2 long on EMA20.