09/01/2015 Live Update

[Cobra]

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Retraced Fib 50% of the rebound since Aug 24, no idea up or down here. Generally should be up a little at open as the gap is too large, then don't know

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/09 ... ay-update/

[fehro]

SPX mind the trends.. mind the lower open gap 1867-1872. Possible support lower image.. possible cyan triangle.. should the open hold.

[marcueus]

ehh - market is very injured as i see it - after we get 1850 and could not get strong enough rebound next target will be 1715 points ...

[marcueus]

Wedge target form Thursday was perfectly met at 1918

[Cobra]

way too stretched, should be more rebound.

[fehro]

SPX .. little more room to the downside.

[marcueus]

One of the best traiding condition

[Cobra]

morning hourly hollow red.

[Unique]

ES + TSLA Update:

Bears better hope this is a 1HR 20EMA bear train.

ES bears need to stay below 1940 or else this sticksave may be two legged up.

TSLA bears MUST not let bulls retrace to gap fill 249.
I did not add another 50% to my TSLA swing shorts yet, still holding a 50% position.

For those who are short TSLA, same swing target = 228.

See charts:

[fehro]

SPX new LOD

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2015/09 ... ay-update/

[fehro]

SPX holding.. so far..

[Unique]

CL Crude Oil Update: The easy money is gone, waiting for next setup

Since the 46.70, 48.20, and daily 50SMA targets were fulfilled yesterday.

CL is now trading in a tight hourly bull flag range. Also, it is holding above 50% of yesterday’s

daily candle. It seems like it needs a couple more sessions to consolidate and give us the next setup.

Currently, the bulls are waiting for a daily close above 50SMA or 49.33 for an easy money squeeze to

The 50-53 resistance region. The daily 200SMA = 53.71 currently and 50.80 is a major resistance.

Until bulls manage to close above daily 50SMA, I do not see an easy money setup.

Shorting CL is a counter trend move, which I do not like to do when the Daily and Weekly are in a two legged deadcat bounce still.

[Unique]

ES Quick Update: 24minutes till hourly bar close

If hourly closes above 1940, we have potentially an easy money setup retrace back to 1954 as target. Key time.

[Unique]

TSLA quick update:

I added some weekly options shorts for day trading purposes, did not add onto swing short position.

Day trading stop = 246

BTW, I set a trailing stop for the swing short position so it is a guaranteed set and forget trade now. As long as no retracement to 249, target 228 remains.

[fehro]

ES Quick Update: 24minutes till hourly bar close

If hourly closes above 1940, we have potentially an easy money setup retrace back to 1954 as target. Key time.

Lower than morning lows.. enter a thin zone.. possible sharp move to 1880-84 range. fwiw.

[Unique]

ES Quick Update: 24minutes till hourly bar close

If hourly closes above 1940, we have potentially an easy money setup retrace back to 1954 as target. Key time.

Lower than morning lows.. enter a thin zone.. possible sharp move to 1880-84 range. fwiw.

Yup, I have ES supports at 1900-1895, 1885 as immediate targets if we break below today's morning low of 1914.
It could get ugly real fast, since this is still a 1HR 20EMA bear train until proven otherwise by a bull close above 1940

[fehro]

ES Quick Update: 24minutes till hourly bar close
If hourly closes above 1940, we have potentially an easy money setup retrace back to 1954 as target. Key time.

Lower than morning lows.. enter a thin zone.. possible sharp move to 1880-84 range. fwiw.

Yup, I have ES supports at 1900-1895, 1885 as immediate targets if we break below today's morning low of 1914.
It could get ugly real fast, since this is still a 1HR 20EMA bear train until proven otherwise by a bull close above 1940

/ES weekly fwiw.

[fehro]

/CL retesting possible neckline.. 60m.. cover yesterday's small position USO P for a counter trend move only.