11/13/2015 Live Update

[Trades with cats]

I show the top tip of the wick on a red candle closing the gap in the TF. Sort of a reach your arm across the goal line as you are tackled kind of a move.

[BullBear52x]

I show the top tip of the wick on a red candle closing the gap in the TF. Sort of a reach your arm across the goal line as you are tackled kind of a move.

IWM tells me, < 116 dead cat bounce is over, <113 down trend resumption.

[Al_Dente]

Is this a “Descending Broadening Wedge”
http://thepatternsite.com/dbw.html

[fehro]

SPY 60m.. nears the FOMC spike high in Sept.. and "possible" mid channel - purple

[BullBear52x]

Is this a “Descending Broadening Wedge”
http://thepatternsite.com/dbw.html

The attachment 1113descending wedge.png.png is no longer available

for that to happen we need this first.

[josephli]

I think low was in just now and we are going up to retest previous top

Possible, but also possible another leg down in the afternoon which will reveal the bottom.

[fehro]

/ES, SPX trying to hammer the hourlies

[Al_Dente]

Is this a “Descending Broadening Wedge”

for that to happen we need this first.

u r right boss: "first things first" and "it is what it is"

[Trades with cats]

It's show time. ES finally over VWAP and the small caps at yesterdays close, again.

[Cobra]

might be a pullback here, then we'll see.

[fehro]

SPX hammers 60m into resistance of sorts

[gato.chan]

IWM, JNK,HYG all positive for the day Risk on?

[DellGriffith]

so basically, i tried a SPY mad money long and they ran my stop at the low of the day today, cleaned me out, and then SPY goes straight up

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2015/11 ... ay-update/

[BullBear52x]

crystal ball

[Al_Dente]

Reminder:
AAPL is 13% of QQQ and it is 3.71% of SPY (the heaviest weighted stock in both ETFs)
CSCO is only 3% of QQQ but it’s dragging it down

[MrMiyagi]

spy

[josephli]

so basically, i tried a SPY mad money long and they ran my stop at the low of the day today, cleaned me out, and then SPY goes straight up

well, stop loss needs to be a tick below bottom, that is about 4 points we are talking about

[fehro]

bulls want a hammer on the daily to make them happy, hopeful .. but under previous support keeps bears on top.. SPY D 20w sma holding..

[josephli]

I see 50-50 chance of another leg down in the afternoon. could be HL or LL.