07/22/2016 Live Update

[Cobra]

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could be ascending triangle, so bias is up. you can read the rebound as making a lower high of course, so it's not absolutely bullish chart.

[Cobra]

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

[fehro]

SPX opening at 2167 .. mind the morning gap.. we pause in the 2168 range and head down.. could see sharp down, or gap down Monday. Otherwise.. new ATH over 2168-70
/ES 5m bear flag, /ES breaks overnight... lows.. looking for deep pullback -20 points.. not sure today.. maybe gap down monday.

[fehro]

/CL at crucial level.. 20w 44.55 and descending wedge 60m.. could really crash.. with strong USdollar DXY

[Al_Dente]

note AAPL

[fehro]

SPX take out yesterday's low look for gap fill 2152. Weekly candles on the Indexes.. very toppy. at these levels.. should we close here.

[Out of Bounds]

Manufacturing PMI in at 52.9

[fehro]

weekly candles fwiw.. the battle for the candle today... bears like it here.. bulls need a push up near the HOW to make them bullish - inverted hammer/gravestone/evening star SPY/DIA/IWM

[Trades with cats]

ES bouncing twice on support around 2157.50. Momentum turning down after the PMI lift (relief after Great Britain numbers).

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[Trades with cats]

ES marking a double top at 2161. I need a trading system for a choppy tight range market!

[Cobra]

breakout more likely if bulls can test the blue line above again.

[Mr. BachNut]

BachNut reporting in.

Not much new from prior posts.
The NYMO cycle is probably down.
Yesterday's close below the July 5 low probably clinches it, but I would like to also see a close below the zero line.
I liked things better when NYMO was a bit more volatile as it moved to cycle highs and lows...

The up target area was hit again this week, and again the bulls fell short of an upper keltner tag.
So, I'll keep the target and move it up for a possible third attempt.

Assuming we are in a down cycle, I am looking for a drop to close some gaps and find support near the June highs by the cycle low.
Given the recent momentum, bears are unlikely to get much more without an event or a period of chop/top making.

I am short.
I sold Draghi yesterday morning.
This is a quick setup looking for some shorter time frame moving average connects.
So, it is on a tight leash.
My swingier setups for a bigger move are still percolating.

[fehro]

/CL at crucial level.. 20w 44.55 and descending wedge 60m.. could really crash.. with strong USdollar DXY

possible support near here.. weekly candle ugly.. atm

[fehro]

BachNut reporting in.

Thank-you! As always, I appreciate your posts.

[fehro]

SPX opening at 2167 .. mind the morning gap.. we pause in the 2168 range and head down.. could see sharp down, or gap down Monday…..

Resistance close..

[Cobra]

breakout as expected. this bull shall have legs.

[fehro]

INDEX dailies.. not so bullish.. yet… possible retrace at this point

[Mr. BachNut]

BachNut reporting in.

Thank-you! As always, I appreciate your posts.

And I yours!
You have been one of Cobra's steady veterans for a long while.

[daytradingES]

ES marking a double top at 2161. I need a trading system for a choppy tight range market!

like for the last few days?
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on weekend I posted that CL broken.

Chart 1 = update, Chart 2 = weekend chart