10/22/2015 Live Update

[fehro]

Adding to shorts
Not a believer in this rally. Just a hunch, looking at breadths and VIX and it doesn't seem right.

yup. same here… CPC Put/Call ratio 1.24 a tad hot.

[fehro]

RUT lags, struggles

[Junior Buffett]

bears got two obstacle (red arrows) intraday.

BB, has you last buy coupon used?

[Out of Bounds]

RUT lags, struggles

That's never good. I usually look to RUT to first signal move, rarely to confirm it

[Unique]

Since the bull train target is ES 2054 daily 200SMA. Any retrace should not go under ES 2022. Absolutely no failure allowed by bulls here cuz this is a train squeeze up...(daily is bull engulf)
I am still having an hourly extreme overbought aggressive short signal.

Price could hold up here for hourly moving averages to catch up since it was a large hourly perfect bull bar previously

[josephli]

Adding to shorts
Not a believer in this rally. Just a hunch, looking at breadths and VIX and it doesn't seem right.

yup. same here… CPC Put/Call ratio 1.24 a tad hot.

Boss, would you please elaborate on the put/call ratio?

[Tutti]

vol surge, perfect bull bar, so maybe a little pullback here first which likely would be bought. could be a trend day today.

if today is a trend-day up...could the money shot be here (the 200day SMA)...

[DellGriffith]

I don't believe in today's rally at all.

[Unique]

Yup, ES is holding up high here to work off overbought conditions and letting 5m/15m/60min moving averages catch up.

Intraday shorts are pretty much trapped with this bull train since there's no spike down. All Aboard!

[Unique]

Evil scenario: Is the market doing a pump and dump before AMZN + GOOGL earnings?

Assuming we hit the ES 2050-2054 daily 200SMA moving average target before 4:15pm

[fehro]

SPX .. VIX still holding above the spike lows.. fwiw.. another bullish leaning hourly

[Unique]

Just a heads up, I have minor resistance at ES 2040 and 2047 before the 2054 target.

[DellGriffith]

Surprisingly, we should hit the lower bb on daily spy pretty soon. That's a big drop but its coming.

[josephli]

Surprisingly, we should hit the lower bb on daily spy pretty soon. That's a big drop but its coming.

Boss, can you elaborate? is there a time signal?

[fehro]

Surprisingly, we should hit the lower bb on daily spy pretty soon. That's a big drop but its coming.

at the weekly/daily BB confluence and the 50w/200d confluence? A perfect storm? 2060 SPX wise.

[Denali92]

Sig Draghi is interfering with my analysis - I was not expecting a strong rally.

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BUT, we have rallied in to every ECB meeting this year and topped that day 5 times (and once on the Monday after) for an average pullback of 60pts....

It used to be the Fed's QE that drove these crazy rallies.... now it is the ECB -

we live in interesting times...


-D

[finman66]

Recap ... this morning QQQ p-bars residing at $109.14 from August 20 and August 24 were tagged.

Still remaining open are QQQ p-bars at $110.11 and above that at $110.80 and $110.82 ranging from August 20 to September 1

A SPY p-bar residing at $204.77 from August 21 looks to be in play this morning, with higher targets at $208.29 which seems improbable anytime soon.

[Cobra]

Vol surge, should be a pullback here, then we'll see.

[Out of Bounds]

Surprisingly, we should hit the lower bb on daily spy pretty soon. That's a big drop but its coming.

Current value is 188.20 (20,2). What makes you say that? NTTAWWT

[BullBear52x]

No more bear left.