08/31/2018 Live Update

[Cobra]

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Testing support. usually would break it then rebound. let's see. my guess is range day today.

[Cobra]

members only update starts here: members only update starts here: http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Trades with cats]

Sorry, put up wrong chart the first time.
Sellers above overnight high won the first round.

[Cobra]

members only update at 10:12 am
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

it's morning hourly hollow red

[te_fern]

TICKs have turned up, but haven't crossed their MA lines yet....

[Trades with cats]

ES 2905 was a high on Monday and also figured in an overnight high, so that makes sense as a sell point. But ES 2907 looks much more important as it was the bottom of the range yesterday AM and is well tested.

[Al_Dente]

Aretha's funeral service
LIVE
https://abcnews.go.com/GMA/Culture/watc ... d=57476006

[Al_Dente]

ALMANAC
"Market Historically Stronger After Labor Day than Before"
http://jeffhirsch.tumblr.com/post/17756 ... r-day-than

[brokebybernacke2]

ALMANAC
"Market Historically Stronger After Labor Day than Before"
http://jeffhirsch.tumblr.com/post/17756 ... r-day-than

agree. like the idea of a run up into employment report. what happens thereafter most interested.

[Al_Dente]

............... run up into employment report. what happens thereafter most interested.

ELSEWHERE:
A chart is worth a thousand words:
https://www.marketwatch.com/story/if-th ... =rss&rss=1

[te_fern]

Bios tried to make a new high this morning, didn't quite make it....

[Al_Dente]

banks fail again, after many tries
daily

[te_fern]

banks fail again, after many tries
daily

831banks.png.png

Nice box!

[te_fern]

VWAP seems to be holding it up right now....

[Al_Dente]

banks fail again, after many tries

Nice box!

[Trades with cats]

Why would you own bank stocks in this environment? Well you wouldn't, but the ETFs do. So yet another example of a sector being held up by ETFs. Should be informative when the bear market comes to see what happens to the unloved.

[Al_Dente]

folks yappin' about how important the YUAN is as a "tell"
i have only CYB
is there a better symbol for stockcharts ?

[Al_Dente]

SET LIST:
Jennifer Hudson -- "Amazing Grace"

Faith Hill -- "What A Friend We Have In Jesus"

Ariana Grande -- "Natural Woman"

Stevie Wonder -- "The Lord's Prayer"

Fantasia Barrino -- "Precious Lord"

[Cobra]

going to test the yesterday's low?