12/19/2016 Live Update

[Cobra]

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triangle, bias is up.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/12 ... ay-update/

[fehro]

SPX mind the gaps. 60m orange trend

[Trades with cats]

Opening gap sure closed fast. Back in the range for the last hour or so from Friday. Elevated risk of boring chop zone.
Small caps above overnight high. Too early to call it a gap and go but it is now possible.

[daytradingES]

8:46 AM 12/19/2016
High Est =2262.75
Actual High= 2259.25
Dif= 3.50
Low Est =2251.50
Actual Low 2254.00
Dif= -2.50
Actual Rng =-5.25

[Trades with cats]

Daily Pivots 5 minute RTH ES

Average Daily Range High at R2 es 2070

[daytradingES]

HL est above is 11.25 dif but the default est rng is 10.50

Gut feeling says even less that 10.50

arg I hate pre-Xmas trading dolrums!
this recalls Xmas, 2015,2014,2013,....2009

Fed steals savers money, India their money and gold
Guess USA is waiting a few weeks- LOL

[JFR]

Dow 30

[fehro]

SPX dabble sm short here

https://in.finance.yahoo.com/news/wall- ... 49133.html

Yellen will be speaking on "the State of the Job Market" at 1:30 p.m. ET (1830 GMT) at the University of Baltimore.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/12 ... ay-update/

[Trades with cats]

Genscape Cushing + 315,000 barrels

[Cobra]

consolidation or pennant, bias is up.

[fehro]

SPX mind the possible sloppy H&S 60m.. not sure.. or Triangle for the low volume pop starting Thurs? VIX is weak this am. Cyan on the 80m goes.. then possible sharp down.

[fehro]

/CL 60m H&S "IF" it stalls near here.. takes indexes with it?

[Trades with cats]

ES finally R1 and Fridays high 2263. 2270 is the ADR high and R2 which is normally the most you could get on a strong day.

[Cobra]

fib 61.8% mm possible.

[Trades with cats]

News this morning was oil up because Libya hasn't ramped production as fast as they had expected. Reporting a Cushing build this time of year is like saying it may snow in Chicago.

[Trades with cats]

Hammered the VIX all the way down to 11 and all they get is a stall at R1. Perhaps the big traders are starting to square up before they head to Aspen or the Caribbean or the Kona coast.

[daytradingES]

8:46 AM 12/19/2016
High Est =2262.75
Actual High= 2259.25
Dif= 3.50
Low Est =2251.50
Actual Low 2254.00
Dif= -2.50
Actual Rng =-5.25

[Junior Buffett]

Hammered the VIX all the way down to 11 and all they get is a stall at R1. Perhaps the big traders are starting to square up before they head to Aspen or the Caribbean or the Kona coast.

VIX Future have $2 contago..they will have enough room to smack VIX down before new year...it's crazy...