02/12/2016 Live Update

[MrMiyagi]

Intraday NYMO at -6.22, higher than I expected for today's bounce. Helped by crude fo' shizzle.

[josephli]

Would big boys play this again? we will see the retest first next Tuesday.

[josephli]

Intraday NYMO at -6.22, higher than I expected for today's bounce. Helped by crude fo' shizzle.

MR.M does means reversal?

[Cobra]

!!! POWER HOUR !!!

[fehro]

Would big boys play this again? we will see the retest first next Tuesday.

ABC correction? - apologizing in advance for my EW butcher job..

[MrMiyagi]

MR.M does means reversal?

Don't know.
Monday, US markets closed, China open. Which way it goes I can't say for sure.
Crude can continue lifting the market if in fact rumor turns out to be reality.

Definitely today's pop was more than I expected. Maybe pattern is invalid now, it's one of those times where I can't say with conviction that pattern should be continued.

My gut feeling is that Chinese will keep pushing metals trade up as they have a very different view on precious metals there.
The rest of the market.. do they follow today's move or the down move of the entire week?

SPY day volume is not very high with 45 minutes to go.

[icman]

China, seeing the pop is US marker, might pop as well on Mon. The US market is the leading in this case.

[K447]

China, seeing the pop is US marker, might pop as well on Mon.

The US market is the leading in this case.

US closed Monday, so China market to maintain pop for two China trading days without active US markets?

[fehro]

China, seeing the pop is US marker, might pop as well on Mon. The US market is the leading in this case.

SPX weekly change almost flat.. we opened the week 1873 @ 1863 now.. could still climb 10 points. China subdue?

[josephli]

MR.M does means reversal?

Don't know.
Monday, US markets closed, China open. Which way it goes I can't say for sure.
Crude can continue lifting the market if in fact rumor turns out to be reality.

Definitely today's pop was more than I expected. Maybe pattern is invalid now, it's one of those times where I can't say with conviction that pattern should be continued.

My gut feeling is that Chinese will keep pushing metals trade up as they have a very different view on precious metals there.
The rest of the market.. do they follow today's move or the down move of the entire week?

SPY day volume is not very high with 45 minutes to go.

very well put. my view is bottom is closed, if not in yesterday. a big question mark so far. my swing trade will need to wait to see more here.

[fehro]

SPX new HOD again..- VIX very tight..

[Cobra]

now let's see who's chicken. generally the pullback should be bought though.

[TraderJoe]

I'm holding my SPY puts over the 3 day weekend. Surely something bad will happen somewhere

[Out of Bounds]

I'm holding my SPY puts over the 3 day weekend. Surely something bad will happen somewhere

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[fehro]

SPX trying to hammer that weekly..

[Cobra]

well, guess that's it for today. Tuesday has been generally bull friendly recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Out of Bounds]

Only one bad trade all week! And I put it in at 2 PM on a Friday.

[K447]

...Monday has been generally bear friendly recently...

Monday is gonna be US market holiday, no?

[josephli]

so far everything is according to september double bottom script. so accurate that i got skeptical. hmmm...