02/26/2016 Live Update

[Cobra]

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This bull shall have legs.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/02 ... ay-update/

[josephli]

too bad bears are being butchered. TLT big down, USD strong, crude strong. very OB. probably a range day.

[fehro]

SPX opening at 1963 mind the morning gap

[daytradingES]

there is a chance the o/n high ran the high stops and the estimates below are based on that
However, this has signs of a crazed bull then 1973+ for high

Levels 26-Feb
Breakout= 1975.00
BuyStop= 1970.00
Est High= 1966.00
Resistance= 1958.25
6pts<High= 1960.00
SABB= 1951.00
Est Mid = 1955.75
6pts>Low= 1942.00
Est Low= 1936.00
Support= 1900.75
SellStop= 1932.00
Breakdown= 1880.50
Est H-L dif= 30.00

[fehro]

SPY 30m gap up over neckline.. even *tho it started early yesterday...

[josephli]

there is a chance the o/n high ran the high stops and the estimates below are based on that
However, this has signs of a crazed bull then 1973+ for high

Levels 26-Feb
Breakout= 1975.00
BuyStop= 1970.00
Est High= 1966.00
Resistance= 1958.25
6pts<High= 1960.00
SABB= 1951.00
Est Mid = 1955.75
6pts>Low= 1942.00
Est Low= 1936.00
Support= 1900.75
SellStop= 1932.00
Breakdown= 1880.50
Est H-L dif= 30.00

is your estimation based on ES or SPX?

[JFR]

Gap up on ES, NQ and YM.

[Trades with cats]

However, this has signs of a crazed bull then 1973+ for high

Coolbizone tweeted this morning a 1975 1st target for wave c of an ABC off the January lows, so you are in good company! If PBOC's Zhow has a good press conference this weekend will go beyond that level for sure!

[QED]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

[Cobra]

members only update at 9:35 am
http://www.cobrasmarketview.com/2016/02 ... ay-update/

[josephli]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

i guess no one knows?

[fehro]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

SPX hourly channel resistance.. part of me says this is a bull trap… SPX green, and VIX green??
Really VIX green on that jump…. some one is buying protection - dabble short on the spike

[brokebybernacke2]

weekly, much room to run, daily 1970s possible if not a 50ma tease

[josephli]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

SPX hourly channel resistance.. part of me says this is a bull trap… SPX green, and VIX green??
Really VIX green on that jump…. some one is buying protection - dabble short on the spike

the put premium is undervalued IHMO.

[fehro]

SPX hourly looking bullish.. and still a tad more room.. lets see the next hourly.. a higher high doji, or inverted hammer if the bears want to hold resistance

[fehro]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

SPX hourly channel resistance.. part of me says this is a bull trap… SPX green, and VIX green??
Really VIX green on that jump…. some one is buying protection - dabble short on the spike

the put premium is undervalued IHMO.

perfect.. buy low, sell high

[JFR]

Scalp watch list: CL, USDCHF and USDJPY.

[brokebybernacke2]

fehro - In your opinion, how far is this rally/squeeze going? I’m interested in looking for a good place to initiate a short position on $SPX. Thanks!

SPX hourly channel resistance.. part of me says this is a bull trap… SPX green, and VIX green??
Really VIX green on that jump…. some one is buying protection - dabble short on the spike

the put premium is undervalued IHMO.

getting there, would prefer to see 1970s for high reward swing short opp, but might be here, not sure anyone wanting to hold this weekend...

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2016/02 ... ay-update/