10/08/2015 Live Update

[fehro]

NDX weak.. new LOD as SPX tests LOD.. 20d SMA on NDX 7 points lower..FB looses 50d.. 20w sma next? 89.58

[Daniel]

KRE, USO, EWZ hit fresh HOD, as QQQ and esp. IBB are weak and near lows..

mixed sector action

[fehro]

SPY 60m/5m.. still possible H&S.. or triangle.. chop .. into the FOMC.. or near end of day pattern break.. or more likely… a gap tomorrow..

[Unique]

ES: Feels to me we should go for that ES 1998 target by end of today as bulls have been sticksaving at the hourly bull train moving averages for the past couple sessions. Shakefests = you snooze you lose.

[daytradingES]

looks like we are waking up.

[uempel]

Checking the ellipses on the 1 min SPX. Time signal for 3:00 p.m. today

[Daniel]

Many sectors now hitting, or hovering at, their HOD.

Trans, XLI, XLB, EEM etc.

[bimmerbob]

Checking the ellipses on the 1 min SPX. Time signal for 3:00 p.m. today

jh.png

Not very familiar with ellipses; are there supposed to be any price targets around 3pm?

[MrMiyagi]

spy

[fehro]

Many sectors now hitting, or hovering at, their HOD.

Trans, XLI, XLB, EEM etc.

you probably well aware of this.. free chart at stockcharts.com add your own symbols, time frame, animate..etc.. http://stockcharts.com/freecharts/rrg/? ... 0&f=tail,d

[uempel]

Fanatasizing

[Cobra]

ascending triangle, market wants to go up.

[johnnywa]

Your fantasizing all right can't even get spy down 5 points for more than an hour or so

[fehro]

SPX creeps green.. as VIX stays green… FOMC fireworks at 2:00pm EST

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2015/10 ... ay-update/

[uempel]

Checking the ellipses on the 1 min SPX. Time signal for 3:00 p.m. today

jh.png

Not very familiar with ellipses; are there supposed to be any price targets around 3pm?

The 3:00 p.m. signal is only a time signal. Suggests that SPX is going to move either up or down. Mostly these signals work beautifully, but sometimes the index hardly moves The direction of the move is not evident from the ellipses. To find the direction you'll have to work with some kind of momentum indicator. If you don't have any - ask Al_Dente, he's the specialist on this board.

Last but not least: the horizontal lines on my chart are support/resistance lines. And the ellipses too - the shell of the ellipse - point out support/resistance

[bimmerbob]

Checking the ellipses on the 1 min SPX. Time signal for 3:00 p.m. today

jh.png

Not very familiar with ellipses; are there supposed to be any price targets around 3pm?

The 3:00 p.m. signal is only a time signal. Suggests that SPX is going to move either up or down. Mostly these signals work beautifully, but sometimes the index hardly moves The direction of the move is not evident from the ellipses. To find the direction you'll have to work with some kind of momentum indicator. If you don't have any - ask Al_Dente, he's the specialist on this board.

Last but not least: the horizontal lines on my chart are support/resistance lines. And the ellipses too - the shell of the ellipse - point out support/resistance

Thanks.

[Unique]

AMZN+GOOGL: Testing yesterday's LOD. Might get a leg 2 down really fast...too bad ES is still range bound

AMZN+GOOGL: Leg 2 down!

[Unique]

CL Crude Oil Update: Testing yesterday's HOD. The immediate target is still the 51.00 daily 200SMA.

Like we said, any dip is a buy as long as 45.70 doesn't get taken out.

[tsf]

Very good, Mr. B

Been seeing a bunch of stuff on the web concerning the high NYMO, so I thought I would put in my two cents.

NYMO is in an up cycle and it has reached a potential turn zone.
Price could turn for a swing down at any time.
However, as long as NYMO stays positive, a price turn can also be deferred. (Last October's rally for example.)
So, a turn may be imminent... or not.
If price does continue to climb, though, a negative NYMO divergence should manifest.

What can be particularly useful is that the high price on the day of the NYMO cycle high becomes a benchmark.
No matter how much higher price goes, it is highly probable that it will be at or below the benchmark when NYMO reaches the low of the next down cycle.

Simply put, short setups have an edge above the benchmark price.
So, I'll be stalking short in the days ahead due to NYMO, but I'll use price based signals to put me in the trade.

NYMO 100815.jpg