05/22/2015 Live Update

[Cobra]

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I'm neutral, don't know if the pullback would go further or not.

[fehro]

Still stuck/consolidating at the highs. Still wedging bottom middle chart. Mind upper/ lower trends. VIX 15m wedging still (adjusted larger)....VIX on possible support/near it on the 15m... 60m 11.70 range. Any move over 12.50/.75 could see a sharp drop in the SPX... 2120-25 Range key.. break that could see sharp down move..

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/05 ... ay-update/

[fehro]

DXY / USD .. into resistance.. looks strong on the 60m.. invs H&S could be explosive up.. GOLD/OIL down

[fehro]

SPY takes out 212.50.. 210.50 could come in a big hurry ...

[fehro]

USOIL.. break 58/59 next level 56.. take out 56 then 54 .. could move sharply down today.. fwiw.

[fehro]

SPX.. trying to hold wedge... 60m...sloppy H&S 5m... may add to shorts soon.. watching hourly candle close

[fehro]

INDEX days.. NDX new highs and green.. SPX red USO testing 20d from underneath.. dabble in a few USO P here

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2015/05 ... ay-update/

[jademann]

Short! no brainer imho

[Cobra]

morning hourly hollow red.

[fehro]

SPX .. morning gap still open.. hourly hammer type.. but stalling/holding the daily pivot.. VIX has a little more room to the downside for better support..

[fehro]

break and restest.. or holding it? .... prefer retest.. but will see after the gap fill SPY 15m

[QED]

Short! no brainer imho

Other than intraday, be very careful shorting SPY, there seems to be an important trend line (support) from the May 6th low on a 5 min chart of the $SPX. IMHO, I would wait at least until that trend line breaks and holds! This morning it broke, but then quickly reclaimed it.

Fehro, you may want to post a picture of that trend line for everyone to see.

[fehro]

SPX / SPY struggle to fill open gap and still red .. as NDX made new intraday highs .. bearish leaning.. minor divergence

[fehro]

bulls want a weekly candle close near the highs.. bears.. inverted hammer/gravestone .. all within a 10 point move... Yellen today 1:00pm ET

[fehro]

10 to 300 in less than 60days.. capped at 10% gain per day due to the stock exchange rules..

[fehro]

SPX fills gap VIX holding here... NDX still pushing higher.. SPY/SPX still red

[Daniel]

Very strong 15min selling bar in IWM.

[fehro]

INDEX days... RUT slips.. take out 20d 1250 .. 50d next 1240