08/26/2016 Live Update

[Cobra]

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No idea up or down, the market is waiting for the speech. If I remember correctly, the speech always made the market up?

[Cobra]

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

[fehro]

SPX opening up/flat 2175ish 20d SPX 2177.96 mind the open gap, and the lower gap 2169-2165. Mind the descending triangle on SPX ascending on VIX.

[fehro]

SPY 30m Fireworks levels… for Yellen.. part of me feels she's going to reference/say Sept hike is a go…. .. and for total craziness… she'll also announce QE of some sort Bonds/gold sell off.. dollar up, equities up.. as money leaves gold and bonds to equities.. monster rally.. crazy talk .. let see.

[fehro]

SPX 20d SMA test 2178,23

[Cobra]

possible double bottom.

[Cobra]

double bottom is clearer on the 15 min chart: https://stockcharts.com/public/1684859/ ... /468410461; , RSP a little lag though.

[fehro]

INDEXes dailies.. TLT up big .. and green

[fehro]

SPX back near that sticky yellow trend line 60m.. may dabble a small short.. waiting..

[fehro]

SPX sure.. dabble sm short via SPY this week puts.. either it works or fails 100% 0826P216 @ 0.11

[Cobra]

must be bad speech.

[fehro]

/GC - GLD SMACKED down hard

[fehro]

SPX morning gap still open.

[Cobra]

looks like the market wants to go up?

[MrMiyagi]

looks like the market wants to go up?

Yellen says KIDNEY TIME!

[fehro]

TLT up, GLD up, Indexes up. Dollar down.

[fehro]

SPY 30m Fireworks levels…

SPY 30m first area of resistance..

[fehro]

SPX fills Wed tiny gap. Dabble tiny short here..

[Cobra]

members only update at 10:20 am
http://www.cobrasmarketview.com/2016/08 ... ay-update/

[BullBear52x]

Fed need to switch to decaf, a day like today best is DO NOTHING

resistance here, but trend 101 is to buy dip.