10/05/2015 Live Update

[Cobra]

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This bull may have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/10 ... ay-update/

[Unique]

ES: The second immediate target of 1951 has been fulfilled. Next up is 1965. Then, we have major resistance at 1970-1975 (dotted blue price channel+ purple horizontal resistsance)

Our hourly extreme overbought signal currently not telling us to short yet as this could extend further for now.

The faster and closer we get to 1965, we should get an hourly extreme oversold signal for aggressive short entry.
Need at least a 15m candle to confirm a bear temporary top of course. Risk 5 for 15-30 type of trade again.

[fehro]

SPX mind the 20d 1944.69 for support, and upper/lower trends, 50d 2002.13 to the upside

[Unique]

AMZN 535 target fulfilled

GOOGL 660 target fulfilled

All out, 10% remaining trail.

[Cobra]

too stretched on the upside, should be a pullback or consolidation first then we'll see.

[fehro]

AAPL Red, SPX green... Mind SPX morning gap... *images seem to have a problem loading up on my end.

[Unique]

ES: The second immediate target of 1951 has been fulfilled. Next up is 1965. Then, we have major resistance at 1970-1975 (dotted blue price channel+ purple horizontal resistsance)

Our hourly extreme overbought signal currently not telling us to short yet as this could extend further for now.

The faster and closer we get to 1965, we should get an hourly extreme oversold signal for aggressive short entry.
Need at least a 15m candle to confirm a bear temporary top of course. Risk 5 for 15-30 type of trade again.

ES Hourly chart update: Approaching towards immediate target 3 of 1965. Could quickly test the major res of 1970-1975.

Recall, the cup and handle 100% measure move remains at 1998 for intermediate roadmap potential.

I think we hit a homerun from Friday's low entry

[Al_Dente]

SPY Inverse H&S
And “island gap”

[Unique]

ES: Our hourly extreme overbought signal has kicked in.

Watch 1960-1970 closely for temporary top rejection if so. It has a risk 5 for 15-30 trade setup potential.

[DellGriffith]

Daily SPY showing massive overbought readings. Might not make it to upper bb this trip. Not short at this time but considering it.

Forum posters were mega bearish (and horribly wrong as usual) at the last bottom at and slightly under the lower bb and seem to be turning bullish as we get closer to the upper bb. They are not hysterically bullish yet but are getting there quickly.

[daytradingES]

possible top in this area but needs to be less than 1965.50

[Unique]

BIDU rejected at 149.55 just before the 150 swing target.

[Al_Dente]

Advancing stocks are 9x declining stocks
Advancing volume is 17x declining volume

[Unique]

Sold our Friday long trails @ 1965, from 1893 avg. Woah, this is the epitome of letting your winners run...always have a small trail in existing winning positions.

About to try for the risk 5 for 15-30 short since our hourly extreme signal flashing.

[fehro]

SPX dabble small short here 1973.22.. mind the morning gap/20d

[Cobra]

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

[TraderJoe]

SPX dabble small short here 1973.22.. mind the morning gap/20d

I did the same with SPY puts

[uempel]

This is important guys: whoever is bearish should read it. It's about the impact of lower oil prices on corporate earnings. GS says that earnings will surprise to the upside. This ain't TA, but it might be the backbone of a rally which goes up to SPX 2000ish and perhaps even beyond.

http://www.bloomberg.com/news/articles/ ... g-they-are

[fehro]

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