07/31/2015 Live Update

[Cobra]

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If this breakout cannot go far then the pullback might be large this time if not the rebound is over, so bulls must push up more, really more.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/07 ... ay-update/

[fehro]

the confluence of ma’s getting tighter and tighter... 50d/20w @ 2099 + 20d @ 2094.5 .. so up tag upper resistance then close on the confluence 50d/20w.. to keep both bears and bulls guessing into the weekend? and end of month. VIX 60m still holding support fwiw.

Possible triangle 60m.. not on these charts, but the intra day charts I post.. if we turn down here.. bottom side of triangle 2070.. for a couple more weeks of chop.

+ added bonus.. as today’s move may or may not change monthly candles... some which are a looking a tad suspect.

[fehro]

as per yesterday.. viewtopic.php?f=2&t=1747&p=196862&hilit=gold#p196860

/GC moving sharply.. trying to hammer the monthly... USD breaks.. H&S target 94.50ish

/GC near neckline 1099/1100... measure move + 35 $1135ish

[fehro]

SPX - triangle bottom left cyan/red

[fehro]

TLT up.. the monthly candle as shown above.. trying to print an outside reversal...

[Cobra]

no a good start, the breakout failed, but we see too many open reversals (i mean reversal back up later), so will need give bulls more time.

[Unique]

ES and NQ about to confirm today's HOD formed already. 7 minutes to go

[Unique]

ES and NQ about to confirm today's HOD formed already. 7 minutes to go

My system shows 80%+ probability NQ high of the day was formed 4608.75 confirmed.

ES not confirmed.

Use this as a reference only for the possible roadmap of shorting Lower Highs/Double Tops intraday. You do not use this as an absolute obviously....

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[jway888]

ES and NQ about to confirm today's HOD formed already. 7 minutes to go

My system shows 80%+ probability NQ high of the day was formed 4608.75 confirmed.

ES not confirmed.

Use this as a reference only for the possible roadmap of shorting Lower Highs/Double Tops intraday. You do not use this as an absolute obviously....

NQ 5min downward trendline broken though

[fehro]

AAPL under pressure.. 200d 120.76 10month MA 120.39.. below those.. look out below!!

[jway888]

Mr Russell is showing some exceptionally strength though, smoking weed on last trading day of the month?

Or rotation money from bigger indices to russ

[Unique]

/CL OIL UPDATE: WEEKLY+MONTHLY road map reference

Bears want to end as low as possible today for the monthly full bear bar candlestick. This would bode well for the next two months since the roadmap
would be straight continuation down in August or an inside month first to consolidate at lows then try 42.41 and below in September.

Obviously, most of the easy money is gone already since this run came from 58 -> 47 support. Now, we're dealing with 47-> 42.4 in the immediate swing term...

Weekly CL has been red for past 7 weeks, so price is a bit oversold on that. Maybe we get a week or two bounce to form Lower Highs for the better bear re-entry.

Overall, you gotta be cautious chasing here if you're a bear. I played the easy money from 58 breakdown to 52-50 immediate target a few weeks ago.
Like I said last month, once we broke the inside monthly range bars 61.82 vs 56.83, then we were destined to have a huge breakout one way or the other.

[Unique]

Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.

[Unique]

AAPL under pressure.. 200d 120.76 10month MA 120.39.. below those.. look out below!!

This is second time 200DMA so it is key time indeed! BTW, see Cobra's AAPL update

[fehro]

fwiw.. full moon time.. SPY 4hr

[fehro]

INDEX days.. RUT is trying to save itself...

[jway888]

Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.

loaded some PUT QQQ too. Stop is intraday high

[jway888]

AAPL under pressure.. 200d 120.76 10month MA 120.39.. below those.. look out below!!

awesome chart, thanks for the heads up.