08/23/2013 Live Update

[Cobra]

volume surge, biggest red bar, so might see rebound here first, then probably another leg down?

[grachu]

cobra could we guess any target today ? I am long unfortunately with weeklies I need spy up..

[fehro]

SPX 15m.. on possible support, one more push up within the bearish falling wedge? otherwise... fill lower gap?

[seemore]

Up 2.04% as of my screenshot, and nearly all of it in that big 15 min bar, some may want to climb aboard after the expected retracement. I'm expecting it to get over the $30.94 high from 8/16 and go up for another peak here in next few days. (I'm long NUGT)

[fehro]

SPX 15m revised.... could possible be a cleaner invs H&S.. moved neckline... still could go either way here.. not clear patterns yet

[jademann]

out of bounds you just cured my desire for bacon!

I just switched to short again.. It is very weak..

[TWT]

$SPX: The wave (A) of a ZZ should be in place

[Out of Bounds]

out of bounds you just cured my desire for bacon!

I just switched to short again.. It is very weak..

I am profoundly sorry.

[Cobra]

members only update at 10:24 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[Mr. BachNut]

Long. Added one unit yesterday on confirmation of up move.
Keeping exposure limited 2/5.

My summation index signal is down. Rebounded smartly yesterday and could turn up next week.
My composite trend indicator signal is down. Didn't budge yesterday.

Exposure is counter trend.
Breadth improved dramatically yesterday effectively clearing oversold conditions. So, I am clear to short if it is called for.
Technicals still look terrible.
Perhaps this thing will rollover soon and get back on trend but I am used to seeing something that looks more convincing as a possible upturn. No easy for bears.
Maybe next week though trend (or change in trend?) may wait until after Labor Day.

[Out of Bounds]

Long. Added one unit yesterday on confirmation of up move.
Keeping exposure limited 2/5.

My summation index signal is down. Rebounded smartly yesterday and could turn up next week.
My composite trend indicator signal is down. Didn't budge yesterday.

Exposure is counter trend.
Breadth improved dramatically yesterday effectively clearing oversold conditions. So, I am clear to short if it is called for.
Technicals still look terrible.
Perhaps this thing will rollover soon and get back on trend but I am used to seeing something that looks more convincing as a possible upturn. No easy for bears.
Maybe next week though trend (or change in trend?) may wait until after Labor Day.

It's still August - Haven't even seen September yet.

[Cobra]

higher low? not sure if the low was in.

[fehro]

still not clear... SPX 5m.. should we go higher.. watch cyan channel/red bearish rising wedge ... choppy fridays..

[uempel]

Channel resistance at 62, red grid resistance at 66

[Al_Dente]

Who posted that $TNX chart yesterday and asked “is anyone going long TLT”

[Cobra]

it was higher low. now testing day high, key time. I think bull has legs.

[fehro]

SPX 15m... at the neckline, watch rising wedge, and mid channel.. *readjusted CYAN lines

[Cobra]

a pullback or consolidation here before challenging the day high is preferred.

[Cobra]

H1 long, not sure. as usual, I prefer h2, although h1 may work this time.

[uempel]

Sun is shining and I guess nothing will happen today. Bye guys, I'm going to take a swim . Cobra, are you coming too