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generally the pullback would be bought.

members only update starts here: http://www.cobrasmarketview.com/2016/02 ... ay-update/

SPX 20d 1890 range, Mind Wed, Tues morning gap. .. possible triangle bottom right, descending wedge top middle

WTIC:

Gap down on ES, NQ and YM.

For scalps, watch list GBP.USD down, USD.CAD up, and CL down.

SPX .. 1892.82 20d, mind Wed open gap

Yesterday I was bullishly biased, but ES performance in the last few hours indicated that the move would be to the downside

daily spy:

amazing that we started getting close to the upper bb .... only to have things start to fall apart again. Another wave down could take the required 11 days to reach the all time record for consecutive days without hitting/approaching the upper bb.

Yikes. At support for the time being.

more than 100% mm down, so probably the pullback still has small legs at least, no hurry buy dip.

uempel wrote:WTIC:

WT.png

yesterday?
i only get EOD (end of day) quotes on my $WTIC

SPX 20d close 1892ish .. just 10 points from LOD.. and the gap 1895-1900 just a tad lower

USDJPY break down to low, possibly more space downside, possibly higher low in the forming.

extreme OB target met at LOD.

comparing to last Oct, "supposedly" algo will try to mirror oct.7. however, my system indicate huge difference between the two rally. if true then we will see huge different today. today is probably a down trend day.

josephli wrote:USDJPY break down to low, possibly more space downside, possibly higher low in the forming.

Thank you for putting that offset on the right. Now I can see all the data on the chart.

Out of Bounds wrote:

josephli wrote:USDJPY break down to low, possibly more space downside, possibly higher low in the forming.

Thank you for putting that offset on the right. Now I can see all the data on the chart.

actually I did not do it intentionally. lol

watch CL for trend
its broken down -see o/n post

you should sell today
glta

NY declining stocks are 3.2 x advancing stocks
NY declining volume is 5.2 x advancing volume