09/22/2016 Live Update

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2016/09 ... ay-update/

[DellGriffith]

intraday SPY:

Sell signal cancelled but no buy signal.

[hunterman]

Del G...just curious, I see you had one sell and one buy signal which both were cancelled. What factor do you use to actually 'pull the trigger' when you make a trade and what timeframe does it signal to go ahead and do it?
I am currently all in at 80% SPYs and 20% dax ...

[fehro]

SPX trying.. RUT nHOD, NDX testing HOD

[fehro]

SPX double top? VIX perking up a little.. break 2172 looking for 2169 50d , 2163

[fehro]

SPX double top? VIX perking up a little.. break 2172 looking for 2169 50d , 2163

TRIN running hot all day..

[fehro]

SPX double top? VIX perking up a little.. break 2172 looking for 2169 50d , 2163

TRIN running hot all day..

50d seems doable.. 2169.00 for starters

[Cobra]

possible double top. I see way too many failed double top so say 50% chances.

[BullBear52x]

Gap and No go, this is a head start of a high probability of a relief rally pull back, on a daily is over bought. boring day over all. I am clocking out, Peace!

[Cobra]

double top failed as usual. so far it's all range day behaviors as expected.

[fehro]

SPX stuck between trends… and open gaps TRIN still hot for such an up move..

[Al_Dente]

[Trades with cats]

The 3:30 ramp express came an hour early for the small caps

[fehro]

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yup yet INDU can't even get over the 50d.. RUT ATH 1296.00 still 37 points short. TRANSports weakening

[fehro]

SPY volume a tad light

[DellGriffith]

Intraday SPY:

Today was crap.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2016/09 ... ay-update/

[Cobra]

well, guess that's it for today. Friday has been bear friendly recently. thank you guys I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[DellGriffith]

Daily SPY:

I can confirm with the close that the MACD bullish cross is NOT valid and should not be bought. It was close but the buy signal got averted with today's action.

A list of recent VALID MACD bullish crosses:

1. WIN July 1st, 2016: SPY goes from 208.60 to 215.60
2. LOSS January 28th, 2016: SPY closes around 186.20. It does jump up as high as 191.60 two days later but peters out and drops back down to new lows. You could possibly consider this a win if you just took a large two-day gain.
3. WIN September 10th, 2015: SPY closes around 190.75. Gets up to 197.50 5 days later.
4. WIN October 22nd, 2014: SPY closes at 184.90. Winds up at 199.50 22 days later in a relentless uptrend.
5. WIN November 21, 2012: SPY closes at 128.50. Gets up to 134 in 18 trading days.
6. WIN August 24th, 2011: SPY closes at 106, shoots up to 111 in 5 days.

The system is picky and does throw away good crosses but the goal of the system is to eliminate ALL bad crosses and score a 90%+ win rate.