08/07/2014 Live Update

[Cobra]

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100% Measured Move up to 1933.25?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

[uempel]

Long term view ...

[fehro]

SPX 15m... mind the morning gap/red rising bearish wedge

[uempel]

Update:

[gappy]

Weekly. Vote Cobra. glta

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[Daniel]

$BKX testing its 200day MA..

[Cobra]

morning hourly black bar.

[uempel]

Update:

[Mr. BachNut]

Short. No change.

My summation signal is down for the SPX and neutral for the R2K. New highs could turn it up for the R2K.
My composite trend signal is down. Bulls have a lot of work to do to repair technical damage.

Yesterday was not very strong but just strong enough to complicate things and widen the range of outcomes.
I have a profit stop on my short, and a possible long if my summation signal turns up.
However, downside remains as upside comes into play.

I have tentatively marked a revised cycle low on my NYMO chart as it has made a higher daily high and a higher daily low.
This is constructive provided it isn't another deception like the one some days ago.
This doesn't necessarily mean a price low is in as it is common to see a price low with a positive NYMO divergence.
I have left possible target circles in place in both directions.
A NYMO move to zero could merely be corrective. So, minds need to be open both ways as things unfold.
As usual, I have no idea what will happen.

[fehro]

VIX 15m.. take your pick, triangle, expanding bull flag, bearish falling wedge.. coming to key support short term..fwiw.

[Daniel]

uup hits fresh 18day high

[Cobra]

members only update at 10:17 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[uempel]

morning hourly black bar.

Cobra, why do you play black bar in the early morning? This is a financial website. Not the right time to play the black bar game. Cobra, wait until the market closes

[gappy]

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[ALdaytrade]

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The most volume for spy put options for tomorrow is at 187.00 !!!

[fehro]

SPX 15m morning gap filled.

[Cobra]

another touch of green line below, we'll see breakdown.

[Cobra]

breakdown indeed. here's double top text book target.

[Out of Bounds]

The attachment Capture.PNG is no longer available

The most volume for spy put options for tomorrow is at 187.00 !!!

I show max pain at 194

FROM: http://www.maximum-pain.com/max-pain.aspx