12/16/2015 Live Update

[Cobra]

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The rebound probably has legs at least if not the low was in.

[fehro]

Mind the 50d SPX 2058.75, 50w/200d 2062-ish. Mind the morning gap, and yesterday's gap.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2015/12 ... ay-update/

[fehro]

SPX mind the upper trends.

[fehro]

Gold moving in the pre market…. as per yesterday, /GC and /GDX on the edge of the diamond… could be explosive up….

viewtopic.php?f=2&t=1887&p=209446&hilit ... nd#p209446 -GDX

viewtopic.php?f=2&t=1887&p=209411&hilit ... nd#p209411 - /GC

[fehro]

200d/50w 2062 coming up… 50d tagged

[uempel]

Update:

[Unique]

ES: Only red line projection left. Valid only up to 12PM. Because 12PM-2Pm usually is flat stuckfest

Above 2054, then something really bullish may be playing out for the intermediate roadmap

[fehro]

adjusted 50d this am.. now 2060.34, 200d 2062.24, 50w 2061.72..

[Unique]

Top wick hourly rejection bar forming. 12minutes.

[Out of Bounds]

Top wick hourly rejection bar forming. 12minutes.

Yeah, I'm watching that too! Looks like we'll get a black bar.

[Unique]

Closed as hourly top wick rejection, now needs continuation to 2041~ 1HR 20EMA or else bulls too strong.

[fehro]

SPX .. stalling.. no 50d tag kinda/sorta.. with the adjustment.. 2059.88 HOD, 50d 2060.29 /ES 30m candle not pretty.. not on these charts

[Cobra]

morning hourly black bar.

[fehro]

RIUT /TRANsports DJ-20 strong… NDX weak.. new LOD, already below yesterday's HOD

[fehro]

CPC again near extreme levels.. 0.58

[fehro]

ignore.. duplicate.. not sure how that happened.

[Mr. BachNut]

Still long from Monday.
First target hit. Whoosh.
Haven't even confirmed a NYMO up cycle yet, but I think the NYMO low is in.
I have taken profits on half position and am leaving a runner risk free.
Santa will be a little extra nice to Mrs. BachNut this year.

Lot's of possibilities from here.

If I were smart, I would turn off my computer and do something else while post FOMC volatility unfolds.
Instead, I'll watch and consider putting on a short hedge if we get a big pop or reload the long I closed on a big drop.
Perhaps both.
There is a real risk of getting sucked into overtrading to the degree things are whippy.
So, I have fixed a small amount I am willing to risk and will go to the sidelines if I blow it.

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2015/12 ... ay-update/

[uempel]

These ellipse time signals were generated on a 10 min SPX chart (see the chart I posted 30 min ago). Here a close up on a 1 min chart.