07/11/2013 Live Update

[Cobra]

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I see nothing wrong on the chart but nowadays the market move is just a routine, huge up overnight, small dip in the morning then up reset of the day, the regular trading hours don't move much in all, then comes the overnight huge surge then the morning dip, then on and on and on. We probably will doji all the way to all time new high.

[Cobra]

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

[uempel]

Ellipse system suggests:

Blue ellipse on SPX chart today at 1663. If this level can be broken on a closing basis SPX should rise all the way up to 1720/30. That is 65 handles above 1663, a 4% rally. Difficult to imagine at the moment, but let's see and enjoy

[Harapa]

Ignoring VIXies can be very costly.
Happy Trading

YTD Performance of VIXies Derived Trading System
SSO/SDS 28%
XIV/VXX 127%

[fehro]

SPX 15m .. possible bearish rising wedge... fwiw.

[uempel]

Harapa, a close above 1663 is key...

Ignoring VIXies can be very costly.
Happy Trading

vix term structure.png

YTD Performance of VIXies Derived Trading System
SSO/SDS 28%
XIV/VXX 127%

[Harapa]

Harapa, a close above 1663 is key...

Ignoring VIXies can be very costly.
Happy Trading

vix term structure.png

YTD Performance of VIXies Derived Trading System
SSO/SDS 28%
XIV/VXX 127%

Concur!

[fehro]

a little frothy?

http://www.aaii.com/sentimentsurvey/sent_results

[Cobra]

the open is a little too stretched, so a little pullback might be needed first.

[L_T]

Smallies making it happen.

[Junior Buffett]

Can we say S & P made new high today morning? and if goes down from here will be ideal double top?

Thanks

[Cobra]

morning hourly black bar again so the next bar should be red. $SPY
http://stockcharts.com/public/1684859/c ... /286407830;

[Cobra]

Can we say S & P made new high today morning? and if goes down from here will be ideal double top?

Thanks

if it goes down indeed. generally I won't hope that.

[fehro]

SPX 15m

[uempel]

Resistance in the sub 1700 area - rings a bell

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[Omnilayer]

10 AM: Mr Bounce definitely came to visit this morning and took away the negative divergence, so no short signal on the 60 min for now

[Me XMan]

Gone shorts for the day SPX +16. Let's see how much more they can ramp up today.

[Cobra]

possible small double bottom here.

[Me XMan]

Cobra. About your charting, is it continuous from previous day or everyday starts fresh?

possible small double bottom here.