08/31/2015 Live Update

[MrMiyagi]

spy

[fehro]

/CL.. another invs H&S.. crazy target.. $53.. yellow invs H&S more reasonable.. 50d range... $48

ding ding... HOD $48.06

[MrMiyagi]

sa

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[Cobra]

members only update at 12:23 pm
http://www.cobrasmarketview.com/2015/08 ... ay-update/

[Unique]

/CL.. another invs H&S.. crazy target.. $53.. yellow invs H&S more reasonable.. 50d range... $48

Agree

Last chart for the road,
CL no brainer immediate targets at 46.7 and 48.20.

CL Crude Oil Update: Immediate targets reached, easiest money setup for this week was correct

Target 1 46.7 has been reached.

Current high = 48.09, still 11 cents from exact target of the Target 2 48.20

Target 3 should be = 48.7~

50DMA = 48.78 for the resistance coming up. This is the Weekly Leg 2 deadcat bounce as expected.

No chart update, I'm on mobile

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Fehro, weekend update if WEEKLY Leg 2 Deadcat bounce is correct. Then, 53 is indeed plausible since 200DMA = 53.73 currently

[Unique]

TSLA 255 target reached. (gap filled as well)

Waiting to see how 255-257 reacts later today/tomorrow to see if entering my swing shorts is a great idea or not. BTW, the earnings gap = 270, so we still have room to run.

GOOGL still stuck after reaching 664.6 high, 668 target not B tier setup anymore.

CL targets reached, would love to see a daily close above 50DMA or else it becomes hard money again. Closing above 50DMA opens up the possibility of 200DMA = 53.7 target

[fehro]

Fehro, weekend update if WEEKLY Leg 2 Deadcat bounce is correct. Then, 53 is indeed plausible since 200DMA = 53.73 currently

Back and fill for a day or two/five.. +26% gain in 3days.. possible profit taking but that 50d is sooooooooo close.

[Unique]

Fehro, weekend update if WEEKLY Leg 2 Deadcat bounce is correct. Then, 53 is indeed plausible since 200DMA = 53.73 currently

Back and fill for a day or two/five.. +26% gain in 3days.. possible profit taking but that 50d is sooooooooo close.

Great observation, thanks
Lol, I didn't realize it was +26% already. We did go down from 58 to 39, then 39 to 48

[Unique]

Remember today is last session for the monthly closing bar. Take a look at monthly CL right now...lol

[fehro]

Remember today is last session for the monthly closing bar. Take a look at monthly CL right now...lol

yup big hammer "may not" back and fill.. ultimate squeeze

[Unique]

Remember today is last session for the monthly closing bar. Take a look at monthly CL right now...lol

yup big hammer

Barring any miracle bears with a few hrs left...that means we have a Monthly bar with a tradeable bottom for the next few months
Seems like my the 33.2 and 35.00 monthly mental targets are no good anymore as 37.50 held really well!

[fehro]

CADUSD.. 0.01 higher.. close.. = hammer on the monthly

[uempel]

Checking out a grid:

Break below the MA 390 (1 minute chart) has a bearish bias

[fehro]

SPX slipping.. SPY takes out 196.44ish.. 5 day uptrend.. look for a sharper drop

[Cobra]

vol surge, so might be a rebound here first then we'll see.

[uempel]

Update

[fehro]

50d /CL almost there

[MrMiyagi]

I guess this is the range for today $197.50-$198.50

[uempel]

These support and resistance levels ain't coincidence, algos are dancing to the same rhythm

[Trades with cats]

Ahh shucks oil is looking like a really tasty short if , and that is a big if these people are correcthttp://www.zerohedge.com/news/2015-08-3 ... y-25-years. Nasim Taleb writes about the typical trader who has a good idea, becomes famous, then blows up when things change. That Zerohedge article is flat out saying that uber rich Andy Hall is about to blow up again because he is the CL equivelent of our own Cletus, or Nasim's old neighbor. Any thoughts on DDG, DNO or SCO ?