01/14/2015 Live Update

[Cobra]

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Testing the previous low via seemingly exhaustion bar (largest red and vol surge), so I say a rebound here first then we'll see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/01 ... ay-update/

[fehro]

/es 1hr 4hr .. as with the SPY .. possible diamond.. need to watch for a pullback .. if it happens.. red dashed/pink then yellow trend support http://thepatternsite.com/diamondt.html

[Al_Dente]

reaction to JPM bad earnings

[seemore]

US had the 'expected' below expectations miss on retail sales this a.m. which led to the drop on the S&P futures below 2000 to 1990. Based on the predictions I've seen for the USD/JPY pair, I'm expecting both to go down today. USD/JPY pair is said to find support at the last low of 115.55 (right now at 116.55).

[DellGriffith]

Today could be a lower low compared to 1/6. That would confirm daily SPY is in wave c down (of the overall ABC correction starting on 12/30).

A lot of people seem to be mentally resisting this correction overall. Many failed calls of a v bottom, and many seem to be in disbelief that it is possible to keep dropping. I expect when the bottom comes, most will be too exhausted to correctly call it! Now some double bottom calls are coming out (which again I expect will also fail).

But the truth is, most corrections are ABC and one should expect them.

[fehro]

possible hammer $WTIC

[Cobra]

too stretched, so a rebound first then we'll see. I'd be surprised if not sharp rebound at open.

[fehro]

SPX going for the gap fill.. on key support.. breaks.. look for lower red...

[fehro]

VIX into key resistance.. break above.. it could get very ugly

[Al_Dente]

possible hammer $WTIC

EOD yesterday's close

[fehro]

INDEX Dailies.. NDX breaks 4100 level.. then it could add to the downside pressure

[Cobra]

members only update at 9:40 am
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[fehro]

possible hammer $WTIC

EOD yesterday's close

yes… sorry meant to say it is a hammer.. should of not said possible! .. need way more coffee!

[L_T]

So copper isn't such a great biz right now......

[champix]

For whoever wants to long Crude !

[fehro]

INDEX day.. 6m.. some basic lines.. on/near key support

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[Cobra]

morning hourly hollow red.

[fehro]

for knife jugglers.. possible minor invs H&S USO.. 5m… if it plays out target red long term downtrend.. mind the gap(s)