08/12/2016 Live Update

[Cobra]

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small double top? too small to be a real threat to bulls though.

[fehro]

SPX opening 2182 still sideways.. in-between the trends. Yesterday's hourly towards the end of day.. a little wicky to the upside.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/08 ... ay-update/

[fehro]

wholly TLT 5m testing Wed HOD

[fehro]

mind the morning gap.. VIX active

[Trades with cats]

The small caps (TF futures) have closed the morning gap.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2016/08 ... ay-update/

[fehro]

SPX .. possible little bear flag 5m

[fehro]

Put/Call nears extreme..bullish on the pullback

[fehro]

TLT looks like trying to break out.. Indexes RED with VIX

[fehro]

SPX going for the gap fill.. VIX new LOD

[daytradingES]

how long (days) can this sideways chop continue?

[Mr. BachNut]

One bored BachNut posting on a Friday.

The NYMO cycle remains down.
Price has made ATHs while NYMO has steadfastly remained below zero for 13 days.
Price rules though.
I suspect price would be a lot higher now if NYMO played along.

It may be that August 2 was the cycle low.
I think a close above the zero line with some follow through would be confirming of that.
Without that, we're looking at another dip (someday...) to test that low.

I have a possible up target at the upper Keltner and a collection of down targets starting to bunch up below.

I am short.
This trade is turning into an odyssey.
I scaled out a profit unit at the 2155.40 benchmark.
I hedged long, which got stopped out for a profit on Wednesday.
What's left is drawing down.
Emotionally, I want to punt this thing, but I'll leave it with its stop.
NYMO is still negative and I have other work that suggests the energy is there for a downdraft.
OPEX is on deck, which will likely take me out, without much to show for the waiting. The earlier scale out should make this close to neutral.
If I have a dream, it is for just enough rally to close this morning's open gap and then a weak close.
However, I don't have a dream... I don't even have a clue.

[fehro]

how long (days) can this sideways chop continue?

till ECB Aug 18, or FOMC minutes Aug 17 .. or probably until Yellen speaks at Jackson Hole Aug 25-57

[superxy]

hollow red bar...

[fehro]

SPY gap filled.. SPX 0.04 short

[fehro]

SPY gap filled.. SPX 0.04 short

filled.. SPX gap … VIX weak.. takes out yesterday's LOD. indexes lag.. except RUT takes out yesterday's HOD

[Junior Buffett]

SPY gap filled.. SPX 0.04 short

filled.. SPX gap … VIX weak.. takes out yesterday's LOD. indexes lag.. except RUT takes out yesterday's HOD

I think VIX will roll over next week into 15's, so most likely market will go new high next week again...so more pain for BEARS...

[fehro]

SPX .. dabble short

[Cobra]

forgot to mention: it's morning hourly hollow red.