02/16/2016 Live Update

[BullBear52x]

I heard YAHOO is bottoming, for me one more sell this rip then we can talk about trend change the old fashion way.

[ALdaytrade]

My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)

57.png

But this is not 2001 nor is it 2008.

[BullBear52x]

bears are a lot weaker than I thought, first thing first for trend following, until it fails, so far it hasn't.

[Al_Dente]

On 5min the red candles get smaller and smaller and smaller
Bears aren’t even trying…….. yet

[BullBear52x]

Crystal ball.

[fehro]

SPX … minor H&S .. could see a 20d retest 1885.48 - VIX spikes! to a low of 23.37

[BullBear52x]

another view of IHS

[uempel]

My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)

57.png

But this is not 2001 nor is it 2008.

My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)

57.png

But this is not 2001 nor is it 2008.

No, it's 2016. And the big boys who dominate the market have fed an algo into their computers. Most likely it's something very simple, e.g. 2001 or 2008.

[Cobra]

possible C&H, bias still is up.

[josephli]

Market so far. partial rise in channel. likely break down from channel.

[josephli]

channel break as I was posting.

[icman]

Come on, give us ES1893

[fehro]

another view of IHS

fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imho

[superxy]

market is so strong……missing big

[fehro]

another view of IHS

fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imho

same deal with H&S in reverse. .if that makes sense…

[BullBear52x]

another view of IHS

fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imho

This is what makes trading fun, I use Horizontal line when it comes down to real money.

[fehro]

another view of IHS

fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imho

This is what makes trading fun, I use Horizontal line when it comes down to real money.

.. but then you gotta be careful.. it's then too obvious .. hence why I like the sloping necklines fwiw.

[uempel]

In 2001 and 2008 the market rebounded after Coppock sell signals - in 2001 by 50% and in 2008 by 57%. I'm looking at the 2001 pattern here. The market rebounded after the second low and gained 50% of what it had lost in previous months, the rally went on for seven weeks.

My belief: unless something really ugly happens in the next few days/weeks (think any kind of Black Swan) the market will most likely follow a similar path

2001, market behaviour after Coppock sell signal

2014/16, analogue of 2001 after Coppock sell signal

[BullBear52x]

Bear will have no chance today above 1891, but for swing overnight I rather sleep with Pooh the bear.

[josephli]

Could be short term top. pull back target day low then gap close