7/16/2013 Live Update

[Cobra]

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I see a small consolidation on the Global ES which usually means continuation so the bias still is a little little bit on the upside.

[Cobra]

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

[fehro]

SPX 15m .. green trendline .. break it could see sharp down move... otherwise bounce?

[fehro]

SPX 5m - messy.. but trendlines to watch

[Cobra]

overnight low as support, let's see if bears can deliver.

[fehro]

If we do bounce here... possible H&S... if not.. lower lines on the 15m

[fehro]

SPX 15m

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2013/07 ... ay-update/

[Cobra]

cannot breakdown the range, so now it's bull's turn.

[Al_Dente]

nyadv = 1500
nydec = 1500

[fehro]

well let see if this pattern plays out.. RS now forming SPX 5m

[Al_Dente]

semis break out SMH

[fehro]

SPX 60m

[Mr. BachNut]

Long. No change.
Stop moved to below yesterday's low.

Summation Index signal is up.
Composite Trend signal is up.

Some day, in the future, there will be a down day.

[wayne0708]

BB52,
This chart is for you

[Cobra]

revisit day low, key time, cannot make new low then bears are over. wait.

[fehro]

SPX 5

[Cobra]

target not sure, need a decisive breakdown first.

[user13]

Bulls defending hard here

[Cobra]

possible double bottom. bears are in danger here must push down hard.