10/17/2016 Live Update

[Cobra]

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can be either up or down here wait and see. down more likely I think.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/10 ... ay-update/

[BullBear52x]

start the day on southbound train.

[fehro]

good morning.. was getting a couple of SQL errors here this morning.. all good now.. mind the H&S VIX 15m… and super sloppy invs H&S SPX 60m not sure.. super ugly neckline.. wrong slope and uneven. Friday's gap filled

[champix]

GM,
On ES 2127 is my line in the sand. Above, I will play a come back to Friday high @ 2142. Below, we should see 2120 then 2116.
Good luck.

[fehro]

DXY USdollar still holding up

[BullBear52x]

/ES I am looking for a retest of overnight LO.

[fehro]

/CL USOIL W/D/4hr.. .mind your oils.. could see a sharper drop.. more downside…. H&S 4hr.. as oil plays catch-up to the dollar..

[K447]

.. was getting a couple of SQL errors here this morning.. all good now...

SQL errors here too. Internet weather, distant storm, apparently passed through. Working normally now...

[Cobra]

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

[Cobra]

not 100% mm yet, so cannot say this bear has legs.

[Trades with cats]

Oil News Zerohedge retweeted this morning "Genscape Cushing draw -2.4MMbbl for week ending 10/14, PAA outage blamed"

[BullBear52x]

Clockworks

[Trades with cats]

Weekly prep news releases
US:http://mam.econoday.com/
European & World Viewhttp://www.zerohedge.com/news/2016-10-1 ... oming-week

Cliff Notes-Wednesday Chinese 3rd qtr GDP and massive data dump. Thursday ECB Super Mario, not much expected, Dec meeting is when he is supposed to have major announcement.

FOMC members speaking all week at various events, many with Q&A. I personally am looking for follow on comments that they are joining the BoJ in an attempt to steepen the yield curve, as Chair Yellen declared last week. If they do then the question becomes when do the equal risk levered funds reduce leverage in equities. As in timber, down it goes.

[fehro]

SPX resistance.. possible falling bullish wedge . small.. 5m.. .. H&S VIX looks like SPX may be ready for some serious upside.. "IF" it breaks down

SPX 60m.. more likely a diamond.. or as mentioned before super sloppy invs H&S

[BullBear52x]

bears need to see new LOD or 2x bottom play is in the work.

[BullBear52x]

I am still looking to retest of overnight LO on /ES

[Trades with cats]

Half hour to go then maybe we get some direction.

[BullBear52x]

watch 2129 falls.

[BullBear52x]