02/14/2014 Live Update

[Cobra]

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I'll have meeting whole day today, so the update will be slow. It's the last day of 2 days meeting, the update will be normal next week. Usually the day after a wide range day is narrow range day, so today is boring anyway.

I don't see any pattern worth of blah blah but I see nothing wrong yet on the bull side. Maybe the up momentum is a little bit weakened which is normal, after it's up a lot for the past 6 days.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

[koolblue]

heres a general look as we come into the open

[koolblue]

heres the first line ...1721.75 and may be good for a bounce,but im going to wait for 1819 and change to try a buy scalp

[fehro]

SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend

[koolblue]

well, that turned out be be a nice lttle scalp. Most of the time i just go for 2 handles and use a 2 point stop. Sometimes i will cover one at a profit of 1.5-2 handles and let the runner ride. Thats just how i do my scalp trading. Probably not very useful to most of you.

[uempel]

Update:

[Zane]

SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend

thoughts on the vix?
falling bull or a bear flag?

[fehro]

SPX 5m

[fehro]

SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend

thoughts on the vix?
falling bull or a bear flag?

VIX 15m messy, weak at the moment... RSI trying to get above 50

[fehro]

SPX 15m... possible green bearish rising wedge.. should we chop around within the wedge.. could break red trend and retest within the wedge.. break green and red then maybe more downside to come.... mind open gaps above, and below...

[Cobra]

members only update at 9:56 am
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[Cobra]

range with up bias.

[Zane]

SPX 15m... possible green bearish rising wedge.. should we chop around within the wedge.. could break red trend and retest within the wedge.. break green and red then maybe more downside to come.... mind open gaps above, and below...

think i will wait for the vix to be within 13s
thx mate

[fehro]

bad data?.. a few different symbols have it.... on a few platforms

[Zane]

SPX 5m... minor bearish rising wedge.. mind the lower gap, and red trend

thoughts on the vix?
falling bull or a bear flag?

VIX 15m messy, weak at the moment... RSI trying to get above 50

thx mate, i guess will wait for the 13s

[rhight]

Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.

At the same time, there is a positive price reversal on the RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!

[uempel]

Update on the SPX 1833 target:

[uempel]

Rhight, you might be right here

Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.

At the same time, there is a positive price reversal on the RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!

[rhight]

Since parallels are all the rage these days, I've noticed an extraordinary similarity to the last week of June 2011 - you can do the math, but suffice to say that if the pattern were to follow, the current TL from the 2/5 low is important and a break down of that and the 60 min 20ma (SPX) COULD mark the end of the current Daily swing high.

At the same time, there is a positive price reversal on the 60 min RSI (again, similar to 6/11) that points to 1844. Also, if the retrace were to match that of the May-June 2011 period, then that would work out to ~1837 today or Monday. Otherwise, it's too the moon!

Here I am, quoting myself. Jeez
What I want to add is that the 60 min RSI positive price reversal of 7/1/11 calculated out to 1354, and was confirmed in the next trading day when the market topped at 1356.5 (just after a holiday weekend!)