Re: 07/31/2015 Live Update
Posted: Fri Jul 31, 2015 10:48 am
NQ UPDATE: Charts
The Intraday US Stock Market Discussion Board
https://bbs.cobrasmarketview.com/
NQ closed as hourly bull,bear,bull setup just now. We're in the same boat, looks like we can't bust out the champagne early. Gotta wait another hourjway888 wrote:loaded some PUT QQQ too. Stop is intraday highUnique wrote:Shorted NQ 4600, stop = 4609. If this short fails, then we gonna have quick squeeze to 61.8% fib level = 4614 that I talked about yesterday.
Unique wrote:/CL OIL UPDATE: WEEKLY+MONTHLY road map reference
Bears want to end as low as possible today for the monthly full bear bar candlestick. This would bode well for the next two months since the roadmap
would be straight continuation down in August or an inside month first to consolidate at lows then try 42.41 and below in September.
Obviously, most of the easy money is gone already since this run came from 58 -> 47 support. Now, we're dealing with 47-> 42.4 in the immediate swing term...
Weekly CL has been red for past 7 weeks, so price is a bit oversold on that. Maybe we get a week or two bounce to form Lower Highs for the better bear re-entry.
Overall, you gotta be cautious chasing here if you're a bear. I played the easy money from 58 breakdown to 52-50 immediate target a few weeks ago.
Like I said last month, once we broke the inside monthly range bars 61.82 vs 56.83, then we were destined to have a huge breakout one way or the other.
201.82? coming up...MrMiyagi wrote:
Invalid price.fehro wrote:201.82? coming up...
.. whoops sorry typo 210.82MrMiyagi wrote:Invalid price.fehro wrote:201.82? coming up...
Invalid price.fehro wrote:.. whoops sorry typo 210.82
Good time to long Oil?fehro wrote:INDEX days.. UUP bouncing between 50d/20d ..
tricky.. monthly oil is candle ugly.. today.. weekly inverted hammer.. could bounce chop for a few weeks.. or just tank.. the USD tho seems a tad weak....silicon_beaver wrote:Good time to long Oil?fehro wrote:INDEX days.. UUP bouncing between 50d/20d ..
six weeks in red is a reason.