09/04/2013 Live Update

[uempel]

Last chart for today, SPX might (?) have reached its intraday target...

[BullBear52x]

BullBear your MU gapped up today and looks pretty good on the daily. Is it time to move above $15?

My MU? if HISTOGRAM do not turn positive I will see it as double top "sell the rip"

TSLA is double top but "Buy the dip" with histogram bullish here

[Daniel-David]

QQQ with two successful tests of yest high, now consolidating above. According to the laws of Cobra this is a bullish thing for the etf to do.

[daytradingES]

big red bar....

[BullBear52x]

SPX a turn here on hourly, bears will have it today. for short term swing.

for Mid to long term entry. selling to continue on SPY

[Daniel-David]

SPY 50day MA and 20day are w/in a nickel of each other at 166.30ish-- if price can clear yest high (as Qs have already done) this might be a good target for profit taking or initiating short positions in anticipation of a "dashed-red downleg", which Cobra deems a high probability outcome historically.

[BullBear52x]

Intraday I see a wave of selling coming in now, but intraday = buy the dip.....so until it fails before bears can go to the bank.

[Daniel-David]

Every 15min bar today in IWM has made a higher hi/higher lo... Market is catching a bid on all pullbacks.

Fresh LOD on RVX and VXN.

[gappy]

Capture.PNG

[JACMobile]

It appears that the daily SPY downtrend line just broke.

[rhight]

Has anyone mentioned the SPX cup and handle over the past week?
Or inverse H&S depending on how you draw it?

[Daniel-David]

NYSE up/down vol continues to gradually improve thru the morning.

NYSE adv/dec issues fresh HOD.

[Al_Dente]

Double top and gap resistance
Looks like a cup awaiting a handle ?

[BullBear52x]

FXI 2x top sell the rip set up.

[Cobra]

nothing new, this bull has legs.

[BullBear52x]

The next bull run it will lead by IYR, watch a break out Higher low is looking attractive here.

[rhight]

Double top and gap resistance
Looks like a cup awaiting a handle ?

94spy_png.png

I think this is the handle, expand to 6 or 7 days. What we need is a handle to the handle and then a high volume breakout, IHMO. That could turn the minor trend. Until then, UPV is slow to gather.

[rhight]

The SPX 20/50 DMA bear cross (today) overhead looks ominous, though.

[Al_Dente]

The top 18 mega-stocks, plus spy, one month percentage performance

[Al_Dente]

Double top and gap resistance
Looks like a cup awaiting a handle ?

94spy_png.png

I think this is the handle, expand to 6 or 7 days. What we need is a handle to the handle and then a high volume breakout, IHMO. That could turn the minor trend. Until then, UPV is slow to gather.

Thanks mr right
I know u'd like a big punch, or solid exhaustion followed by a big punch, but INTRADAY, 2.7-to-1 up/dn volume is respectable for bulls ….. at the moment…….