07/29/2016 Live Update

[Cobra]

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in range, no direction.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/07 ... ay-update/

[fehro]

SPX opening near 2167 .. mind the morning gap. Near the top of the 14 day triangle 2170-2160ish break either of the those levels with conviction look for a 14 point move to 2188 or 2148. Still in between major trends. Sloppy invs H&S VIX 60m 14 level key for the VIX over it, then look out below.

[fehro]

DXY USdollar whacked. Mind the 50d yellow MA.. retesting breakout level a little lower.

[fehro]

/CL almost tagged 200d SMA overnight... W/D/60m /CL weekly an ugly candle.. <50w SMA

[finman66]

QQQ p-bar at $115.17 from December 7 of last year obliterated at the open

[fehro]

SPX AM gap filled, SPX red, VIX red near LOD

[Trades with cats]

Small caps lead on this turn. Maybe things are getting back to normal, what ever that is

[Trades with cats]

Are we going to test the overnight low at ES 2157.50 ?

[fehro]

SPX add to yesterday's short > hourly looks ugly

[sleeman]

....also thinking that end of month may hold off some sellers till Monday ?

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/07 ... ay-update/

[Trades with cats]

Small caps have now round tripped on Kuroda's surprise (overnight low). ES stoped 3 points higher.

[fehro]

fwiw.. monthly candles close today.. looking pretty bullish.. overall.. except oil SPy/DIA/QQQ/IWM etc.. /GC is delayed price.. so candle is 1353 level more bullish atm -

[fehro]

SPX add to yesterday's short > hourly looks ugly

support holds.. up we go.. it seems.. trying to hammer the 60m .. sideways chop… looks like a gap next week? either up or down.. outta of that yellow triangle.. unless we pop late today..

[Mr. BachNut]

Friday BachNut...

The NYMO Cycle is Down.
Based on the 7/12 NYMO cycle high, I have a benchmark price of SPX 2155.40.
The model suggests price should move to or below that level by the NYMO cycle low.
The divergence is quite big now. It is remarkable that price has not taken at least a brief trip down to the benchmark.
It is only 10 handles.

Perhaps price is consolidating for the next move up.
Perhaps it has been burning off momentum with time rather than some corrective moves.
Given everything that has been going on event wise, this flat stuff is something else.
As usual I don't have a clue...

It is interesting to me that while we have been sitting around, the middle keltner and the 50 day MA have risen into the former resistance now support zone.
The big picture bullish case would not suffer by a move down to all that support.
In the meantime, the upper keltner has risen away from price and started to flatten a bit.
So, perhaps we see some topping patterns in August.
I think it will be an interesting month.

I am short.
I got stopped out flat again this week and reloaded.
I reloaded with Dow (YM) this time instead of SPX (ES) as it has been a bit weaker.
In any case this trade is a patience tester.
With end of month stuff and beginning of month stuff, perhaps it is destined to fail, but
I still have an edge for a trip to the benchmark and maybe down to bigger support.
Possible targets marked on the chart.
I have friends in from out of town today. So, I may get stopped with little ability to manage. C'est la vie.

[fehro]

SPX resistance.. once again looking bullish.. "could" explode up to 2188

[fehro]

DXY at LOD at 50d SMA

[fehro]

SPX over 2175 looking for 2188

[debaser]

Anyone know what happened to uempel? Was wondering if he might have a time signal coming up soon that gets us out of this range..