01/28/2016 Live Update

[jademann]

My charts show weakness on both sides here. Slightly favoring bears at this point. Someone is going to have to be a market mover.

[uempel]

Nobody is an expert in EW But this is quite textbook.

State of the art Elliott pattern shown by WTIC ...

The attachment W.png is no longer available

not an expert by any means, but what if this?

[fehro]

TRANSports DJ-20 not happy at all testing the LOW, TLT nears HOW

[BullBear52x]

not being fooled today

[BullBear52x]

fun chart

[Al_Dente]

“There have been more Google searches for the phrase “sell stocks” this month than at any time since October 2008…”

[BullBear52x]

More fun chart.

SPY

[Cobra]

members only update at 12:02 pm
http://www.cobrasmarketview.com/2016/01 ... ay-update/

[brokebybernacke2]

Nobody is an expert in EW But this is quite textbook.

oil.png

State of the art Elliott pattern shown by WTIC ...

W.png

not an expert by any means, but what if this?

no kidding! however, if there supposed to be 5 waves down ,as drawn, 5th wave appears one short, it would be more down on oil. and if 5th wave similar in length to wave 1, would imply oil going below 20$ ?! will soon find out if saudis or russkes back off deal...

[josephli]

falling triangle most likely fail, range day perhaps.

[icman]

So at what point "3rd test of yesterday's low" is considered as failed?

[uempel]

Checking red channel on daily SPX log:

[Al_Dente]

Google searches for the terms “bear market” and “sell stocks”

[josephli]

So at what point "3rd test of yesterday's low" is considered as failed?

it is possible have another attempt (4th). but the chance of failed break out would increase. example is here:

[Cobra]

possible higher low, guess bears are over for today.

[BullBear52x]

Next sell, no new LL from here bulls are not ready to give in just yet. got to be patience some times.

[TraderGirl]

Yesterday bulls were to be cautious because of the upside p-bar on Vix...which was ultimately met...

Now, it's decision time....triangle on the vix....

[BullBear52x]

bears are not happy with triangle crap but no fire if no buyers before the next down move.

[fehro]

SPX

[BullBear52x]

The beauty of charting, someone just love to buy resistances and someone just love to sell the resistances