09/23/2015 Live Update

[Cobra]

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Maybe the low was in, the current pullback might be a higher low.

[Cobra]

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

[fehro]

SPX .. mind the morning gap, the 20d 1955 just above, the open gap just below 1927-22

[fehro]

oh.. and yesterday's gap just above 1960.. too... but 20d "should" provide resistance to the upside.

[fehro]

/GC 20w 1148ish.. coming into play.. GLD pops

[Trades with cats]

Well so much for a Draghi rally, clearly buy thge rumor sell the speech as he says NO to moar printing. Bullard on deck.

[Trades with cats]

Markit Sept PMI about to release

[BullBear52x]

come2papa, first thing first, new LL is needed for down trend continuation.

[fehro]

SPX .. bulls want the minor invs H&S.. 5m.. target 20d (196.25- 195.75 SPY - ish) fail here.. look for lower gap

[BullBear52x]

A trade < 1940.5 will be where bears want to be, bulls need to push above that intraday to be attractive.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2015/09 ... ay-update/

[Cobra]

consolidation, bias is up.

[Unique]

Mid week assessment

ES: So far this week, the high probability setups/trades were all during the overnight session between 11pm and 5AM.
They are not leaving much meat on the table for the day session.
We are stuck with low to medium probability setups/trades during the day session.
We expected a hard money week, but not this murky. Right now waiting for this 1HR cup and handle formation to confirm.
Looking at 1937 and 1942 buy stops triggers. Price is holding above 1HR 20EMA right now, so could be a mini train back to 1945-1955 as explained last night about the sticksave.

AMZN+GOOGL+TSLA: Inside day formation so far, I'm waiting to buystop above HOD. We are not gifted with high probability setups like last week. Same mentality, using smaller size to trade.

[TraderJoe]

Somebody just bought 1,000 Nov 18 $30 VIX calls @$1.43

[fehro]

/CL W/D breaks above 47.50.. 200d could come into play around $51

[Unique]

Wall street on holiday today? Such low volume so far, cash is king no great setups yet.

I just loveeeee small inside days. Good luck all

[Trades with cats]

It is the high holy days so many are home with family this week.

[Al_Dente]

The adaptation of Michael Lewis’ book on the subprime mortgage crisis, “The Big Short” is set to hit theaters by Christmas. Here is the first trailer:
http://www.wired.com/2015/09/the-big-sh ... al_twitter

[DellGriffith]

Daily SPY:

Price has actually gone absolutely nowhere since the waterfall event about 3 weeks ago. The bollinger bands are collapsing and might wind up under 3 in a few days, after expanding as wide as 15.

[fehro]

Wall street on holiday today? Such low volume so far, cash is king no great setups yet.
I just loveeeee small inside days. Good luck all

.. Jewish holiday today.. Yom Kippur.. fewer market players today...