05/04/2016 Live Update

[Cobra]

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Still could be double bottom, bears need push down more.

[fehro]

SPX opening @ 2050ish below last weeks low, mind 50d @ 2038ish, and mind the morning open gap.better support in the 2035 range.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/05 ... ay-update/

[fehro]

SPX prior open.. "possible" expanding pink wedge.. of sorts.. should we head up, and not tag 50d 2037. VIX should stall if that's the case.

[brokebybernacke2]

shaky ....see support in mid 2040s and then better low 2030s...if that lower one goes, bear bonanza...

[Trades with cats]

Small Caps have a chance to close the gap, and are trying it. Since the Algos only look at the Cushing oil inventory (and don't compare to same time prior years action) a smaller than Genscape's build should move the market up. Dollar is moving on up this morning for what is looking like a second day of strength.

[fehro]

SPX .. VIX lags a tad…. * first support SPX

[fehro]

SPX bouncy bounce… IWM/RUT almost green, TLT struggles <20d<50d.. SPX takes out last weeks low, but VIX does not yet take out last weeks hi

[Trades with cats]

Small caps the TF back to yesterday's New York cash closing levels. Supposed to imply a short squeeze.Apparently Chinese devaluation not a problem for them.

[DellGriffith]

Well my systems have been poor as of late.

1. We didn't get to the lower bb within 1 month of the bullish cross of the 50 dma by the midpoint of the bollinger bands. It almost always happens, but this time no.
2. We had three nonwhite candles in a row on april 7,8 & 11, which almost always comes before an immediate decline (under the conditions presented). Did not happen this time.
3. I'm about to get another sell signal but that will get erased because all sell signals are cancelled if they come at the lower bb (and we are really really close to it). NEVER short the lower bb. It can work but the odds of failure go way up.

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2016/05 ... ay-update/

[Cobra]

morning hourly hollow red bar.

[Denali92]

Have posted my May preview here:

http://www.cobrasmarketview.com/2016/05 ... ay-update/

Today or tomorrow should be the ST low days - If not, then the market could have some problems.

-D

[BullBear52x]

Got a feeling small range day today, Day trade will get lucky to gain 5 handles today. I got a feeling we will trade flat sideways today. Oy,

[fehro]

SPX into resistance but over it.. mind the open gap 2060-2063

[BullBear52x]

Cobra, "pm" is not functioning since yesterday. I can not reply to it.

[BullBear52x]

intraday first level that I can hang my hat on today, bulls will need to take this out if they mean bizniss

[BullBear52x]

sell @ 51 /es

[fehro]

trying hard here .. but VIX creeping up.. ish.. over 2065 SPX could see very strong up move..

[uempel]

Have posted my May preview here:

http://www.cobrasmarketview.com/2016/05 ... ay-update/

Today or tomorrow should be the ST low days - If not, then the market could have some problems.

-D

Sure looks like DAX bottomed an hour ago, bounced off projected low in the 9800 area (low was 9825) and is now 1 percent higher.

As to SPX, unexpected rally from 2048.50, I was expecting further weakness. There was a good time signal and SPX has chosen to move up on that time signal ...

SPX 60 min linear

Bullish Percentages are weak:

http://stockcharts.com/freecharts/candl ... BPENER|B|0