09/08/2015 Live Update

[Cobra]

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Triangle, direction not clear as bulls cannot wait to buy while bears cannot wait to sell so the results are lower and lower highs and higher and higher lows, eventually who win, we'll have to wait.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/09 ... ay-update/

[fehro]

SPX top of triangle should be tagged near the open 1970 range. If it holds.. look for the morning SPX gap to be filled. If not could pop higher and morph into a larger bear flag in the days ahead..

[fehro]

SPX 5m/60m

[Cobra]

way too stretched, should pullback first.

[fehro]

SPX short of target.. but VIX holding .. sort of.. need more time

[Unique]

Don't see any quick 20-40% gain potential trades in my stock techs unlike the previous week. Right now, it is in the middle of the middle channel. Gonna wait for at least a B tier setup than today's low probability setups.

Will be interesting to see if ES becomes 1HR 8EMA+20EMA bull train or not.

Cash is king when in low probability environment

[Unique]

AMZN, GOOGL, TSLA Charts: Setup developments, waiting for them to become a higher probability setup.

[Unique]

ES 1HR 8EMA+20EMA bull train day charts. Targets 1979-1980 immediately, which is the downtrend resistance and also daily 20EMA.

A break above 1961 becomes an easy money setup. Risk 5 for a quick 15-20.

[uempel]

Update:

[uempel]

Looking back 4 year to 2011. For September 2015 the 2011 pattern suggests a 2nd rally up to SPX 1990/2010 (note carefully - this is on the basis of 2011, we don't know if the market is going to follow that pattern).

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2015/09 ... ay-update/

[uempel]

Update - note that these support/resistance levels are generated by ellipse crossovers. Why? Presumably the guys who write the algo codes use them

[fehro]

SPX so close to the top edge.. seems we 'should' tag it.. held down by 50ma 60m

[Unique]

Lunch/ after market reading:
BTW, the Al Brooks' weekend update was a great read. Think it is a must read for the intermediate - long term roadmap

https://brookstradingcourse.com/market- ... lders-top/

[brokebybernacke2]

tough to trade..if triangles are continuing patterns, we drop pretty quick this week sometime...until anticipation of Fed and then Fed action rescue us for good bounce? my first guess..OR we rise up to Fed, and then Fed disappoints...guess 2.

[uempel]

Update on the SPX 120 min

[fehro]

some minor wild swings in VIX 1m.. careful...

[Unique]

ES: Key time at 1HR 20EMA bull train support 1945. 15minutes until hourly candle closes. No failure allowed here bulls.

[fehro]

3 cool videos.. to see what we are trading with/against.. I saw this weekend. HFT, Algos, Quants, Black boxes, Dark pools, Flash Crash, etc...
https://www.youtube.com/watch?v=ed2FWNWwE3I Quants
https://www.youtube.com/watch?v=kFQJNeQDDHA Algos
https://www.youtube.com/watch?v=aq1Ln1UCoEU - Black box, dark pools.