09/16/2013 Live Update

[Cobra]

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Need break below blue line to confirm small double top which even indeed, the pattern is too small to be a real threat to bulls. No sharp pullback, simply a consolidation here then it's bullish. Let's see.

[Cobra]

Weekly stock picks starts here: http://www.cobrasmarketview.com/2013/09 ... ock-picks/

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Cobra]

the open is a little too stretched, so might see pullback first then we'll see.

[stlwater]

How many opens outside the BB led to continuations vs. pull-backs / corrections? Anyone got stats?

[Denali92]

More info about opex, FOMC and Monday opex gaps is here:

http://www.cobrasmarketview.com/2013/09 ... ay-update/

-D

[L_T]

Who faded the opening gap? Seemed too obvious a route so I didn't get short. My bad!

[uempel]

Update, next signal at 12:00 a.m.

[stlwater]

Well considering what is weighing on the market right now (overall bearish headline risk) this open is interesting.

[quientuves]

More info about opex, FOMC and Monday opex gaps is here:

http://www.cobrasmarketview.com/2013/09 ... ay-update/

-D

Grrreat info...!! As always! Thank you..!

[Cobra]

morning hourly black bar again. $SPY
https://stockcharts.com/public/1684859/ ... /286407830;

[TraderGirl]

Subscribers were long on Friday....now could possibly see a wave v of some kind today...

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2013/09 ... ay-update/

[Cobra]

volume surge, may see rebound here first.

[Mr. BachNut]

Long.

My summation signal is up.
My composite trend signals is up.

I had some short hedge on last week to acknowledge an ARMs sell warning, which is now moot.
Closed it out flat on Friday as it was clear the market was not rolling over.
At this point, FOMC is the focal point of the week.
I'll sit with position until a cue arrives to do otherwise.

[uempel]

Long term daily showing resistance and a black cycle

[rhight]

This is a Time and Price projection statistical analysis based on the circled pivots (if the market continues as it has.)
The overhead rising resistance from 2010 has proven to be stiff, as the recent 4th and 5th touches show.
Therefore, the projected target may not be met.

It should be noted that these projections are not traded on, they only serve as an additional factor for judging price action.
Choosing pivots is the most difficult aspect of the analysis - garbage in, garbage out.

[Cobra]

I don't believe 100% mm target here. I need see if bulls could make a higher low here.

[Mr. BachNut]

Long term daily showing resistance and a black cycle

Hmmm... About how long is that cycle in trading days uempel? roughly. Just curious.

[uempel]

Long term daily showing resistance and a black cycle

Hmmm... About how long is that cycle in trading days uempel? roughly. Just curious.

Approx 550 trading days.