07/20/2016 Live Update

[Cobra]

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double top or not, wait and see. I doubt though.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

SPX opening near 2170..gapping the gap… near possible resistance over yesterday's gap. Mind the gaps Mind VIX today. Expiration today.

[JFR]

Overnight gap up on ES, NQ and YM.

[fehro]

SPX little toppy looking 5m. see if it sticks VIX support

[Out of Bounds]

Wow.
9:36 and /ES is 7 points below overnight high and now below yesterday's high.
That's a very quick gap close.
So, what now?

[fehro]

SPY building a level here still.. over it.. will be support under 214.50 thin zone to 210.83.. could see sharp fast move once we enter that area. fwiw.

[JFR]

NQ pushing up. ES and YM dragging down.

[Al_Dente]

GDX broke

[Cobra]

morning hourly black bar.

[fehro]

INDU new ATH.. as RUT makes new LOD and red

[fehro]

SPX pushing.. inverted hammer opening "hour" (30m)

[Cobra]

members only update at 10:06 am
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

NDX new HOD.. as AAPL slips back to 20w SMA, almost red.. Bios strong.. holding us up today.

[JFR]

DOW 30. MSFT up on strong earnings report.

Microsoft rose 4.5% in premarket trading to about 55.50. Late Tuesday, Microsoft reported surprise increases in adjusted earnings per share, with its Azure cloud business doubling over the past year. -- IBD

[Al_Dente]

[JFR]

Tough to keep a good bull down.

[Cobra]

this bull shall have legs

[JFR]

UPRO fills the gap, and then off to the races.

[fehro]

Tough to keep a good bull down.

SPX INDU new ATH.. of course, RUT/NDX/COMPQ all lag.. and TRANSports.. really lag