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No idea up or down here. Likely rebound would fail though.

Don't Let Wall Street Knock you Down
by: Stefanie Kammerman

https://www.youtube.com/watch?v=ILhIkJbN9Bo

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members only update starts here: http://www.cobrasmarketview.com/2015/11 ... ay-update/

SPX.. mind 2033 20w, 2006 50d. H&S Target on the 60m 2023. Mind yesterday's and possibly today's open gap. VIX 15m bottom left nears resistance, and possible another neckline (cyan) 18.50 ish.. should it stall and have a shallow pullback… to 16.50 to RS of an invs H&S. New target if it plays out $27. Initial invs H&S is still $24 ( orange neckline )

(From 8:49am)

ES: The overnight countertrend scalp for the hourly extreme oversold signal failed, but now the market has fulfilled the 2035 swing target. I covered 75% of my swing shorts from 2064.25.

Currently, 15minute trying for a micro double bottom setup. Let's see if it can close as a bull engulf on the hourly. Remember, this is an accelerated 1HR 8EMA bear train until price proves otherwise.

ES Charts update:
Ideally bears want to close as low as possible for the weekly candle, right now it temporary bottomed at the weekly 20EMA.
This is still an accelerated 1HR 8EMA bear train. No long trades until it gets above that.
Last night's hourly extreme oversold trade failed and was stopped out, so this bear has momentum still.

SPX500 ~ /ESish

fehro wrote:SPX500 ~ /ESish

I like your larger H&S

Ok guys.

This is confirmed Today is bottom

SPX support a tad lower

AAPL weekly ugly.. sharp drop this am into the *50d 114.48

RUT < 50d.. see that crazy volume on UUP.. mentioned a couple days ago.

SPY: Fulfilling the 204.00-203.50 target from yesterday. Important channel support. If today/next week goes below that, then this is bear train accelerates even more...

VXX: I have 21.80-22.00 target

Unless there is a reversal today the bearish move has further to go.

SPX.. support possibly.. for a pause 20w sma 2032.91 still a touch lower

ES: Hourly another bear sandwich coming up...riding that 1HR 8EMA bear train

uempel wrote:Unless there is a reversal today the bearish move has further to go.

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Friday's are usually continuations of the week's trend, Monday-Tuesdays are best for deadcat bounce reversals that I've found

SPX .. sm long here - need AAPL help, now <50d…