11/17/2015 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

The rebound may have legs.

[Unique]

The hourly extreme overbought signal was confirmed at 7AM.

I'm short ES from 2055, trading smaller size today because of potential shakefest that I concluded from last night's KISS update.
Initial stop is 2060 for 15-20 points down that could turn into trailing winner of 30-40 points.

----
ES Hourly chart update: For those that are riding the 1HR 8EMA+20EMA bull train, there is still a slight possibility that it could extend to the 61.8% fib retracement at 2067.56 as per last night's KISS update. Currently, that is also where 1HR 200SMA resides at and the top of the declining price channel resistance.

This is exactly why I do not want to trade full size today as I view the "easy money" has been made from last Monday to yesterday.

[brokebybernacke2]

like the 61.8 for a turn, question is will be small or big turn?

[Unique]

AMZN + TSLA: Remaining calls all sold

[Unique]

The AMZN+TSLA targets are still valid, amzn to 655-657 and tsla to 218-220. Doesn't matter if I'm out or not

[Unique]

ES: Previous close line = 2048.75. 1HR 20EMA +100SMA support = 2047.72

[Unique]

ES : If we bust that 1HR 20EMA bull train support on the first try without bouncing....then you know this bear is real.

Key time

[Unique]

SPX chart: Just noticed an interesting pattern in development...see chart

[Unique]

ES: Here's the "script" for the day. White line is always my bias just like yesterday's

[Unique]

ES: Getting close to first target of 2040. Might need to cover half the shorts at 2044-2043~, good luck.

[Cobra]

the 1st test of ema20 in 4 hours, should be some buyers here, let's see.

[Out of Bounds]

Long SPY 205.47

[Trades with cats]

Dollar heading back towards overnight highs against yen. Bears have lost every round against that.

[Cobra]

morning hourly black bar.

[DellGriffith]

bull train from yesterday still rolling. unique seems to have shorted an extreme overbot condition this am and then covered half at the low but its still a bull train.

[Unique]

ES: 5m 20ema rejection. Potential train setup

[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2015/11 ... ay-update/

[nikman]

Thanks Unique.

ES: Previous close line = 2048.75. 1HR 20EMA +100SMA support = 2047.72

[Trades with cats]

Well I sure hope we don't re-run yesterday morning's range bound mess waiting for Europe to close.

[Unique]

ES: 15minute bear sandwich forming