02/16/2017 Live Update

[Cobra]

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the pullback might be bought again.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Al_Dente]

[uempel]

This should not be taken too seriously. I'm wondering if spring/summer of 2017 might turn out to be a very boring sideways market like in spring 2008 - before the whole thing implodes. Very hypothetical.

SPX daily in the last few years

SPX daily in 1997 and 1998

[uempel]

Update:

SPX daily

[fehro]

DXY bears see a H&S.. I don't like it's shape... slopping down to the right neckline... could morph into a bull wedge.. mind the yellow channel ... Europe's elections will be key

[champix]

216calend.png.png

Philly Fed, highest mark since 1984 !

[fehro]

216calend.png.png

Philly Fed, highest mark since 1984 !

http://www.zerohedge.com/news/2017-02-1 ... tion-beat?

Against expectations of a 18.0 print, February's Philly Fed exploded higher to 43.3 - the highest since January 1984. This is a 10-standard-deviation beat, led by a surge in new orders and the workweek, despite a decline in 'hope' and the number of employees.

[Cobra]

double top text book target.

[Al_Dente]

Nobody has mentioned “The Super Bowl Indicator” which has forecast the stock market's direction with an 80% accuracy since 1978.
Hence, expect the rally to run out of steam...

[Al_Dente]

There were 13 dow stocks that hit new highs yesterday
That’s the most dow new highs since April and May 2013, and before that you have to go back to 2007 to see that many highs

[ccash04]

buy the dip, haven't gotten a drop like this in a while almost down 0.15%!

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[Cobra]

this is the 1st test of 15 min ema20 in many many days, so should be a rebound here.

[uempel]

Checking in SPX 1 min and its MA 390:

[K447]

buy the dip, haven't gotten a drop like this in a while almost down 0.15%!

Where might the bottom of the dip be located?

[Al_Dente]

See VIX guru Bill Luby’s chatter on the VIX yesterday
https://twitter.com/VIXandMore

[brokebybernacke2]

This should not be taken too seriously. I'm wondering if spring/summer of 2017 might turn out to be a very boring sideways market like in spring 2008 - before the whole thing implodes. Very hypothetical.

G20C.png

G20B.png

THE 97/98 algo is exactly what ive been watching! only difference is that i expect at least a 38% vs 23 retrace after the peak...great chart, and do agree with your stab of where we at, NICE chart!

[Cobra]

now let's see if bears can make 100% mm. if they can then might be another leg otherwise forget about bears.

[Cobra]

exceeded 100% mm, ok, hopefully bear still has one more leg.