04/15/2014 Live Update

[gappy]

Another good tandem; crude volatility/spx. Crude leads as price is set globex first.

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[Cobra]

members only update at 10:40 am
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[gappy]

Yesterday I thought we would see a lower low by today...viewtopic.php?f=2&t=1270&start=120#p160135

so far today's rally has been pretty much eliminated...now price is headed down...so we will see if we get a lower low today...

It's the ole gap em up PPT TG. Dump the yen halfway through Hong Kong and before Globex/ new York open, but it has diminishing returns. Doing nothing for the world eco-stall except adding undue risk to the house of cards.

[Mr. BachNut]

The other day, I posted a NYMO cycle chart with two downside targets, one already hit and one down near the 200 day MA.
I just noticed that there is another more conservative target that should also be considered.
There is a rising bottoms trend line from the October 2013 low that could become a support area around SPX 1792 give or take (and rising).

These are just ideas and possibilities (not predictions).
They may become salient if we break Friday's lows.

[fehro]

TLT Daily ...pressing recent highs.

[EvilTrader]

The bears need food !

Mr. Bull looks weak.

[Mr. BachNut]

Sorry. I have posting diarrhea this morning.

If you look at the last chart I posted, you will see that the high this morning (so far) is an exact tag of my middle keltner band and just shy of the 50 day MA.
So, there may be a former support become resistance kiss goodbye situation up there.
Don't know for sure but seemed noteworthy.

[Cobra]

2nd test of day low which is usually those aggressive dip buyers coming in. wait to see if they do come again.

[gappy]

The other day, I posted a NYMO cycle chart with two downside targets, one already hit and one down near the 200 day MA.
I just noticed that there is another more conservative target that should also be considered.
There is a rising bottoms trend line from the October 2013 low that could become a support area around SPX 1792 give or take (and rising).

These are just ideas and possibilities (not predictions).
They may become salient if we break Friday's lows.

NYMO 041514.jpg

4 day yen w/ichi conversion near baseline cross. Price always reverts to the cloud. SPX 1792, no problem sans gooberment intervention. We will see.

Capture.PNG

The blue line is SPY, the white is ichi conversion, the black is base.

[TraderGirl]

Yesterday I thought we would see a lower low by today...viewtopic.php?f=2&t=1270&start=120#p160135

so far today's rally has been pretty much eliminated...now price is headed down...so we will see if we get a lower low today...

It's the ole gap em up PPT TG. Dump the yen halfway through Hong Kong and before Globex/ new York open, but it has diminishing returns. Doing nothing for the world eco-stall except adding undue risk to the house of cards.

[Cobra]

100% MM target. not sure.

[Cobra]

vol surge, biggest red bar, so might see rebound here first then we'll see.

[gappy]

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[Out of Bounds]

Added longs 182.50
Good support in this area - hope it holds.

[fehro]

SPX 5m

[gappy]

4 hour.

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[ALdaytrade]

Added longs 182.50
Good support in this area - hope it holds.

"This is for some of the posters here:
People, look at the price and ignore your charts and predictions. If the price of the market is contrary to your predictions, the your model is wrong.

That's OK. No model is right all the time. But don't ignore the reality to try and make the model right. You just lose money and sound dumb."

[Out of Bounds]

Added longs 182.50
Good support in this area - hope it holds.

"This is for some of the posters here:
People, look at the price and ignore your charts and predictions. If the price of the market is contrary to your predictions, the your model is wrong.

That's OK. No model is right all the time. But don't ignore the reality to try and make the model right. You just lose money and sound dumb."

I don't understand what you are trying to say.

[Cobra]

3 push down, so should be 2 legged rebound. we're on 1st leg up now.

[uempel]

Intraday Bullish Percentages: BPNYA -0.65%, BPCOMPQ -2.25%, BPNDX -2.44% - the other indices are flat.