Cobra's Market View

SPY has closed very strong 2 days in a row, will the 3rd time be the charm?

Tomorrow's weekly opex, typically wouldn't see much of a move unless there's a substantial change in rhetoric or God forbid a deal.

MrMiyagi wrote:

BigChief wrote:Is it possible that this shooting encourages a deal in congress?

No one was shot.

They shot the woman driving the vehicle. Her baby was inside the car???

One vehicle involved.

Darkmatter wrote:Hmmm. But if you didn't ignore the dip, it'd be a false breakdown, possibly presaging a large upside move if it does break upward.

Out of Bounds wrote:Maybe this - I'm going to ignore the Shooter dip.

messy invs H&S.. could be big ramp up into the close... SPX 5m .. not perfect looking.. so be careful... SPX 50d SMA 1679.88 - could close right on it

I think we close around 1680 then sideways tomorrow then down in the afternoon. Next week the lows are not in. Almost all ST TA points to that

fehro wrote:

Darkmatter wrote:Hmmm. But if you didn't ignore the dip, it'd be a false breakdown, possibly presaging a large upside move if it does break upward.

Out of Bounds wrote:Maybe this - I'm going to ignore the Shooter dip.

messy invs H&S.. could be big ramp up into the close... SPX 5m .. not perfect looking.. so be careful...

I saw that messy inv H&S - it was so ugly, I wouldn't let my dog play with it and just ignored it.

Any P-bars on SPY MrMiyagi ?

Still there....

Out of Bounds wrote:

fehro wrote:

Darkmatter wrote:Hmmm. But if you didn't ignore the dip, it'd be a false breakdown, possibly presaging a large upside move if it does break upward.

Out of Bounds wrote:Maybe this - I'm going to ignore the Shooter dip.

messy invs H&S.. could be big ramp up into the close... SPX 5m .. not perfect looking.. so be careful...

I saw that messy inv H&S - it was so ugly, I wouldn't let my dog play with it and just ignored it.

LMAO!!

ALdaytrade wrote:They shot the woman driving the vehicle. Her baby was inside the car???

One vehicle involved.

She was the shooter, what the heck would you expect? Women don't get a free pass (just) based on their looks. I think the baby was the mastermind.

MrMiyagi wrote:

ALdaytrade wrote:They shot the woman driving the vehicle. Her baby was inside the car???

One vehicle involved.

She was the shooter, what the heck would you expect? Women don't get a free pass (just) based on their looks. I think the baby was the mastermind.

Did she shoot at someone? I thought her car just ran through a barrier.

MrMiyagi wrote:

ALdaytrade wrote:They shot the woman driving the vehicle. Her baby was inside the car???

One vehicle involved.

She was the shooter, what the heck would you expect? Women don't get a free pass (just) based on their looks. I think the baby was the mastermind.

Baby`s name was Stewie?

Guess again????????????

flrtrader wrote:I think we close around 1680 then sideways tomorrow then down in the afternoon. Next week the lows are not in. Almost all ST TA points to that

Would you not think we would get a dip in the morning after nothing was settled over night? I think they need more time to argue this and that and that and this. Maybe a settlement soon after the weekend.

well, guess that's it for today. no idea about tomorrow. guess the market would be eventually worried if the shutdown takes too long. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

ALdaytrade wrote:

flrtrader wrote:I think we close around 1680 then sideways tomorrow then down in the afternoon. Next week the lows are not in. Almost all ST TA points to that

Would you not think we would get a dip in the morning after nothing was settled over night? I think they need more time to argue this and that and that and this. Maybe a settlement soon after the weekend.

A settlement may not save them from a downgrade...

http://www.forbes.com/sites/afontevecch ... rating-sp/

Note: Shorts do NOT like to hold over the weekend.

I'll be shocked if we get a close below the 50DMA SPX