07/03/2013 Live Update

[Cobra]

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Double Top breakdown, reaching Fib 76.40% target then sharp reversal testing neckline. I don't know what next will be. Looks like this market simply refuses to drop. Well, at least bears need break the thick blue line to break bulls. Half day trading only today, volume is thin, no big guys are selling, so I doubt if bears are able to do so.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

[TWT]

$EURUSD: Price could be forming a bullish wedge

[wayne0708]

any idea when to initiate shorts? For me not 'til after job report this Friday. The way price action has been playing out thus far, any news (Bad or good) is good news and a good reason for price to squeeze early short birds out of the way.

[fehro]

SPX 15m

[fehro]

SPX 5m one gap filled, another made... broke out of bear flag...

[Out of Bounds]

What times do markets close today and will the after hours markets be open? Thx

[fehro]

backtest flag?

[fehro]

What times do markets close today and will the after hours markets be open? Thx

http://www.nyx.com/holidays-and-hours/nyse Close 1pm EST.. not sure about AH

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[TWT]

$SPX: The option of a larger pullback looks more likely

[Out of Bounds]

What times do markets close today and will the after hours markets be open? Thx

http://www.nyx.com/holidays-and-hours/nyse Close 1pm EST.. not sure about AH

Thx

[grachu]

cobra apple descending triangle?

[Cobra]

double bottom. the low might be in for today.

[Cobra]

cobra apple descending triangle?

No.

By the way, I love your photos. I visited your website several times. I love it.

[fehro]

extremely speculative at this point... triangle?.. chop..... last hour larger move?...

[Cobra]

need exceed 100% mm target to confirm double bottom.

[Mr. BachNut]

Partial short.
I added a unit yesterday near the highs and now have 3/4 position.
I was hoping to add one more unit around 163 today in what was supposed to be a light volume pre-holiday rampfest, but something different seems to be happening.
I'll probably just let things playout from here.

My summation index signal is now up. The S&P component was not actionable as it was overbought, but I now have an open to buy on the R2K.
Naturally, this is in direct conflict with my composite trend signal, which is unrepentantly in down mode.
I am being cautious with the summation signal as turn of the month dynamics can skew breadth data.
However, if the R2K stays bullish going forward, I'll end up long and short different setups here. Schizo...

[Richarab]

Thank you
Http://Richarabs.Blogspot.com

[TWT]

$SPX: Price could be unfolding a DZZ