12/09/2016 Live Update

[fehro]

SPX dabble short via P .. small position .. OTM expire today + next wed

[JFR]

What goes up ...

[Mr. BachNut]

Friday BachNut whipsaw edition

The NYMO cycle is up.
Last week I called it down but unconfirmed.
Instead of confirmation, we got a reversal to fresh NYMO highs.
A corrective move to the zero line is normal, but I have not seen an up cycle move make a V from near the turn zone to zero and back like this week. Ever...
Wowzer. Mr. Market can do whatever he wants, and it is what is.

Price hit my last target at the upper keltner, and has since pushed right through it.
This is the first clear upper keltner hit since 2014.
I have no more contextual up targets. The sky is the limit.

This keltner bust out is either quite bullish or not.
I went back and looked at prior bust outs like this and saw two patterns forward.
One is that price continues to push the keltner up either in a smooth bull trend or through a sequence of higher highs and higher lows.
In this case, Wednesday's low of SPX 2208.93 should not be broken.
The bearish pattern is that we are at or near a top and price will soon make a turn that minimally goes to the middle keltner.
As it is never easy, the high could be about now or it could take a little more time (into the 1st days of January?) to set up.
As usual, I have no idea what will happen.

I am flat.
I was short last week anticipating confirmation of a NYMO down cycle.
My first down target was hit Sunday night, and I took a scale. That was all she wrote.
Things reversed and my BE stop was hit Tuesday and have not had a long entry since. Oh well.
Doing nothing today and will be waiting for a next setup in the days ahead.

[BullBear52x]

State of mind: complacent, not bearish, for contrarian it is. what to do? stick to Clockworks.

[JFR]

Back to the top. Taking a break ...

[fehro]

INDEX days.. trying to push tech and bios.. to push NDX to nATH

shall we do this again Just 17 points short.. of ATH .. think there was a data error on that early day chart of NDX.

[BullBear52x]

Negative reversal on /NG today. sell first ask question later, no breakout.

[BullBear52x]

now we got negative D., but buy coupon is still good, lets get them both.

[fehro]

DXY pumping out nHOW, nHODs DXY next major resistance is 102.50 if we take out the recent highs

[fehro]

DXY pumping out nHOW, nHODs DXY next major resistance is 102.50 if we take out the recent highs

DXY monthly fwiw .. rate hike next week.. more up on the dollar? Headlines.. "dollar too strong"

[BullBear52x]

DXY pumping out nHOW, nHODs DXY next major resistance is 102.50 if we take out the recent highs

DXY monthly fwiw .. rate hike next week.. more up on the dollar? Headlines.. "dollar too strong"

AUD/USD, once Australia GDP unexpectedly going in negative, I know nothing can stop king greenback, Ero-Asian are so bad that USD is only game in town any more.

[BullBear52x]

Clockworks. time to tell if bulls are serious. yellow just to show support, TSI is my friend.

[Cobra]

possible 3 push up. noticed the equal weighed brother rsp failed to make new high which means the rally now is led by a few heavy weighted stocks, not broad based.

[BullBear52x]

Counter trend setup, I am not taking it just to show what TSI can tell.

[BullBear52x]

Buy failed.

[fehro]

SPX mind the morning gap

[BullBear52x]

Now I can say that breakout is head fake, negative price reversal, topping process, bullish consolidation phase, whatever term ones comfortable with, for me sell first ask question later if you are longs.

[te_fern]

Getting the first pull-back today. Will watch to see if its rolling over....

[BullBear52x]

We may not get the rip to sell into, but to chase this kiss down

[Cobra]

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