08/07/2014 Live Update

[Cobra]

2nd test of day low, key time. bears must make a decisive breakdown to avoid double bottom.

[q2model]

2nd test of day low, key time. bears must make a decisive breakdown to avoid double bottom.

No sign of any kind of bottom.

[MrMiyagi]

Nope.. not even Yellen can save this now.. It has to go to a panic bottom maybe....

[Out of Bounds]

Did we close the 5/24-5/27 gap on SPY?

[Cobra]

Fib 61.8% mm. vol surge, might see rebound here first then we'll see.

[Cobra]

3430.png

thank you. please if possible do this for me everyday.

[pete]

Did we close the 5/24-5/27 gap on SPY?

Not yet. Need to hit 190.48 to close it.

[Mr. BachNut]

It's down to hand to hand combat at ES 1900.

[fehro]

SPX daily.. nearing 1900 support

[ALdaytrade]

Will this be an inverse head and shoulders pattern, left shoulder low 1907, August 5th, head low 1903, August 6th, right shoulder low 1907, August 7th???

No!

How about a double bottom at 1903.17? August 6th and August 7th?

All prices are Futures, S&P 500 Sept 14th

Might be a rebound here at Futures, 1900

[ALdaytrade]

It's down to hand to hand combat at ES 1900.

Exactly!

[Daniel]

Classic MACD, and several other oscillators, first daily chart sell signal on FXI in quite some time.

[grandeG]

Did we close the 5/24-5/27 gap on SPY?

Not yet. Need to hit 190.48 to close it.

It'll probably get closed with 6 minutes left in trading. Just my luck.

[Mr. BachNut]

The bulls are getting a little help from Gandalf at ES 1900.

[MrMiyagi]

The bulls are getting a little help from Gandalf at ES 1900.

Doesn't Gandalf die?

[fehro]

The bulls are getting a little help from Gandalf at ES 1900.

gandalf.jpg

They better otherwise if we slice it.. oh man it's going to get fugly

[Mr. BachNut]

The bulls are getting a little help from Gandalf at ES 1900.

Doesn't Gandalf die?

[1der]

The bulls are getting a little help from Gandalf at ES 1900.

Doesn't Gandalf die?

Yeah, but he just comes back STRONGER! Someone should dust off the "we are never going down again" post, 2000 here we come!! )
This time he may team up with Yoda ("the farce be with you"), if so the bears are really f-d!!

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[Cobra]

well, guess that's it for today. Friday tomorrow has been very very bull friendly. Thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp