12/12/2014 Live Update

[Cobra]

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3 push down, so 2 legged rebound? Or still 4th push down then 2 legged rebound?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/12 ... ay-update/

[cletus]

VXN will open in the topping zone of 21-23, but of course the Oct spike being an anomaly could still be a range possibility. What bulls need to see is a big red bar similar to the other prior spikes. It does look like with a down Friday possibly in the works this sell off can go a bit longer. Depends on the close today.

[Out of Bounds]

Spy 200 seems to look more and more likely to me. I think those levels from late OCT/early NOV are not quite resolved.

[fehro]

/es 4hr.. levels.. crazy H&S levels 1960ish

[Cobra]

too stretched, so might be a rebound first then we'll see.

[Out of Bounds]

Breadths on the majors are not fooling around.
NYSE -1728
S&P -374
Russell -1641

[cletus]

VXN opens 21.27. Very very high relative to long term ranges, but 23 and of course 30 are the most extreme cases. Sentiment wise we're hitting record lows in bullishness.

[cletus]

Total ISEE put/call ratios are pretty much at record lows. In the past 15 years, market participants have never been more bearish.

[FlowerGirl]

As per script...
viewtopic.php?f=2&t=1513&p=178662#p178662
Will go long ~ SPX 2000

[cletus]

ISEE equity put/call is nearly the same. Not quite a record but considering we're a few percent from the last all time high I don't understand why this is so low.

[fehro]

SPX… NDX back in channel..

[CaStorm]

Will go up at least until 11:00

[tsf]

Thanks !
I've learned to read the fine print.

As per script...
viewtopic.php?f=2&t=1513&p=178662#p178662
Will go long ~ SPX 2000

[BullBear52x]

Histogram is still bullish, it is what it is....until she fails.

61.8% watch

[fehro]

SPX possible support levels here.. yellow bullish falling wedge… lower low, MacD pos div .. need a hammer type candle 60m.. if not pink H&S? for crazy bear targets

[fehro]

minor line adjustment SPX 60m

[cletus]

Nasdaq 100 is about to go green. Someone must have got an early read on the sentiment numbers.

Edit: It's green. Bears should watch out, could be a steam-roller.

[fehro]

IWM still in channel

[Cobra]

morning hourly hollow red.