03/07/2016 Live Update

[Cobra]

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Generally the pullback would be bought somewhere.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/03 ... ay-update/

[fehro]

SPX resistance in this zone.. mind the morning gap. .. messy wedge target range should it break 1900.. bottom right chart. Lower chart SPX500~ /ES 15m like.. diamond top = 1970 target . MInd the possible invs H&S 15m VIX target 19ish

[fehro]

Wedge target … messy.. SPX 500 ~ /ES

[uempel]

Looks as though the next move starts tomorrow or Wednesday, not today

[daytradingES]

8:30 AM 3/7/2016

Levels 07-Mar
Breakout= 2013.75
BuyStop= 2004.50
Est High= 2000.50
Resistance= 1997.75
6pts<High= 1994.50
SABB= 1990.50
Est Mid = 1995.00
6pts>Low= 1986.25
Est Low= 1980.25
Support= 1950.75
SellStop= 1976.25
Breakdown= 1968.50
Est H-L dif= 20.25

First trade Flat
Best Rec sell> 1991.00
Target Lend

[QED]

Urban Carmel (Friday, March 4, 2016):
“On a longer timeframe (monthly), the importance of this week's high becomes more apparent. Recall that in the past two bear markets, a rally that fails to close back above the monthly 20-ma (blue line) has led to a deep contraction. That makes 200 a critical watch out area for the current rally. If past is prologue, a close below at the end of March will be bearish, a close above bullish.”

http://fat-pitch.blogspot.com/2016/03/w ... mmary.html

[QED]

Tony Caldaro (March 5, 2016:

LONG TERM: bear market

After the bull market ended in December, on a failed fifth wave, the SPX entered a two month Major wave A downtrend which bottomed in mid-February at 1810. From that low a Major wave B uptrend was underway, which has now retraced 65% of the bear market’s first downtrend. This is quite normal activity during bear markets. The first uptrend of the 2007-2009 bear market retraced 69.4% of the first downtrend. After that the retracements were smaller and smaller, as the downtrends became larger and larger.

Market psychology also comes into play during the early stages of bear markets. When the first downtrend of a bear market is similar to previous corrections during the bull market, investors are likely to remain generally bullish until the total decline becomes larger than any correction during the previous bull market. During the entire 2009-2015 bull market the largest correction occurred in 2011 at 21.6%. Thus far, from the all time high of SPX 2135 to the downtrend low at SPX 1810, the market has only corrected 15.2%. As reported on Friday, investors still have a bullish 61.5% of their portfolio in stocks. This is not as high as the 68.3% they had in stocks in March 2015, when they were at their most bullish level of the entire bull market. But they are still bullish.

The long term count remains unchanged. The Cycle wave [1] bull market ended in December 2015, and a Cycle wave [2] bear market is currently underway. Major wave A ended at SPX 1810, Major wave B should be near completion, and a Major wave C downtrend should follow shortly to new bear market lows. This will only complete Primary A of the three primary wave bear market. We are still expecting a bear market low some time in the year 2017 around SPX 1100.

https://caldaro.wordpress.com/2016/03/0 ... pdate-542/

[fehro]

SPX .. VIX spikes over neckline… into downtrend mind 1999.42- 1993.40 6 point AM gap

[uempel]

Bullish Percentages neutral, at the moment BPNYA -0.03 percent:

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[TraderJoe]

Well, All of my April puts just stuck their heads out of the water.

I think, we are either in or about to begin Wave 3 down (BEAR)

[Al_Dente]

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[Cobra]

possible double bottom.

[Al_Dente]

NY advancing stocks are 1.1 x declining stocks
NY advancing volume is 1.3 x declining volume
NY declining stocks are 0.9 x advancing stocks
NY declining volume is 0.7 x advancing volume

Bears aren’t even trying yet

[uempel]

QED, I've got a similar system which works with monthly MA 9 good system when the market is trending, In volatile markets the system loses its long term reliability: in 2010 and 2015 the monthly close above/below MA 9 was no sure signal.
Just for the record: at the moment MA 9 is at 2007 ...

Urban Carmel (Friday, March 4, 2016):
“On a longer timeframe (monthly), the importance of this week's high becomes more apparent. Recall that in the past two bear markets, a rally that fails to close back above the monthly 20-ma (blue line) has led to a deep contraction. That makes 200 a critical watch out area for the current rally. If past is prologue, a close below at the end of March will be bearish, a close above bullish.”

http://fat-pitch.blogspot.com/2016/03/w ... mmary.html

[brokebybernacke2]

Well, All of my April puts just stuck their heads out of the water.

I think, we are either in or about to begin Wave 3 down (BEAR)

not sure yet, maybe one more gasp up, waiting on ECB?? speakin of them, maybe...swift move down would make more confidence...

[Cobra]

morning hourly hollow red.

[fehro]

SPX going for the morning gap fill.. mind the 2nd possible invs H&S VIX 15m. new target on shallow pullback and go.. 20.50

[josephli]

the megatechs are being sold.