10/16/2014 Live Update

[Cobra]

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Hopefully it's double bottom.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/10 ... ay-update/

[fehro]

April 14 low in /es 1803.25

[FlowerGirl]

No bottom in sight
I think SPY ~178-9 is a reasonable target before we rebound for good... [Connect low of October 11 and November 12, ~178 is the third point]
Above forecast remains in effect unless revised...

[chetas]

cobra, last year you use to mention, January barometer, any update on that, , is it relevant anymore?

[uempel]

I'll be watching MA 390 ...

[Cobra]

a little too stretched on the downside, so might be a rebound first.

[uempel]

Update after the first 2 minutes

[Out of Bounds]

Breadths, while down, are within reason. Big, not crazy.
NYSE -1740
S&P -338
Russell -1620

[uempel]

Update after the first 10 minutes:

[fehro]

SPX… possible invs H&S 1m / 5m… "IF" we hold a higher low and break the neckline

[Out of Bounds]

Twice I have gone long SPY and had my exits execute in less than a minute.
I am done for the day.

I'm going to trade some biotechs for the rest of the day just for fun.

[uempel]

18 minutes after the open ...

[grandeG]

No bottom in sight
I think SPY ~178-9 is a reasonable target before we rebound for good... [Connect low of October 11 and November 12, ~178 is the third point]
Above forecast remains in effect unless revised...

Agreed. It would be helpful if we can get there by or before next Friday.

[fehro]

SPX 2m.. minor open gap 1846ish inter day.. plus morning gap.. weakish

[Cobra]

members only update at 9:57 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Cobra]

morning hourly hollow red again.

[uempel]

So far the break of MA 390 is valid, next resistance for bulls is the upper trend line of blue channel ...

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[fehro]

SPX 1m.. tiny H&S with in the larger invs H&S.. who will win?.. leaning down