11/05/2015 Live Update

[Denali92]

It might be stating the obvious, but we are at a clear inflection point.

I have posted the November employment preview here

http://www.cobrasmarketview.com/2015/11 ... ay-update/

The bottom line question are we following Nov 2013 and 2014 or will we revert to the employment pattern established in 2015 (see March 2015) OR do we see a more bearish November (see 2000, 2007, 2008, 2011 and 2012)

Definitely distinct possibilities,

-D

[MrMiyagi]

SPY intraday pbar already hit.

[MrMiyagi]

It could run to $210.40 in theory before turning. Just a theory.

It hit $210.43. Higher than this and it's Bear-B-Q.

[josephli]

It could run to $210.40 in theory before turning. Just a theory.

It hit $210.43. Higher than this and it's Bear-B-Q.

boss you should post more.

[brokebybernacke2]

mercy

[BullBear52x]

Bulls are drowning right now but they have proven in the past 3 times to come up above the water and fly higher, will this time be different? get your popcorn ready.

we don't have too many of this nice running trending chart like this one, this is good educational item for sure.

[Cobra]

3 push up? let's see any pullback here.

[MrMiyagi]

SPY still at 20ema, I'll try a small short here.

Tight leash.

[ALdaytrade]

3 push up? let's see any pullback here.

Could the first move down today be a wave one, the next move a wave two and now there will be a wave three down?

Basically, grasping at straws here, to rationalize the bear.

[DellGriffith]

SPY:



AAPL printing back to back red candles, again that is bearish and suggests more down.

jobs report tomorrow will either be a stick save and a rally OR send everything down for a third day in a row and confirm a new bear trend imo.

[brokebybernacke2]

3 push up? let's see any pullback here.

Could the first move down today be a wave one, the next move a wave two and now there will be a wave three down?

Basically, grasping at straws here, to rationalize the bear.

yes think same, now one of three down, guess two flat wave, 3 tomorrow on jobs report, down...would like sooner..

[BullBear52x]

Yesterday's pivot is at 2104 today's pivot is sitting at 2099.5 very close to one another but LL number still in play, so bulls are not all that strong.

[Out of Bounds]

Back to the bear side now

[DellGriffith]

bears in control. if bulls fight it they might just install a H&S top.

[Out of Bounds]

bears in control. if bulls fight it they might just install a H&S top.

Well, they sure aren't giving up.

[MrMiyagi]

bears in control. if bulls fight it they might just install a H&S top.

Looking to close short side on this, I'll give it a minute or so. I was hoping $209.75 on SPY.

[Cobra]

key time, if current rebound fails, then the range high was in.

[DellGriffith]

off-topic: the gas furnance just kicked on this morning here in california for the first time in a year and everyone was panicking about the odor. They thought the building was burning down or something.

[fehro]

SPX

[MrMiyagi]

off-topic: the gas furnance just kicked on this morning here in california for the first time in a year and everyone was panicking about the odor. They thought the building was burning down or something.

California.... People are.... different there...