03/08/2016 Live Update

[Cobra]

mini rebound target. exceeds it then bears are over.

[JFR]

Trading range. So far.

[fehro]

SPX .. possible H&S .. in there 5m.. yellow neckline / larger triangle.. should we sideway/chop/triangle/wedge retest... into ECB Draghi.

[Trades with cats]

A bounce into the London close as usual. Real question is, of course, is this the last stop before the tower of terror elevator plunges or will we see the regular slow uphill grind now that those negative European investors are out of the market.

[uempel]

Update, ellipse support SPX 1978/79 looks good.

[fehro]

SPY 5m.. bulls see a messy little invs H&S in there.. target 200.25 ish should it go.. .. RS on SPX 5m.. at tad higher..

[JFR]

Testing the top of the range.

Back later ...

[Cobra]

members only update at 12:03 pm
http://www.cobrasmarketview.com/2016/03 ... ay-update/

[Out of Bounds]

my shorts have been closed. I never did get a full position in them. If that Chinese data can't kill this bull, then I don't know what will.

[JFR]

Houston, we have breakout, out of the range. Will it hold?

[JFR]

Overnight gap fill on NQ.

[superxy]

bull is just studborn

[fehro]

restance here.. SPX, and possible RS of a messy H&S 5m.. should we fail and take out the LOD looking for 1950

[Cobra]

rebound shall have legs.

[MrMiyagi]

QQQ

[BullBear52x]

Fib support, well, bulls will find any support that there is possible to be drawn on chart. no new HH bearish rising wedge is still good, technically speaking sell point is on for this pattern.

my intraday clockwork is telling me next dip will be bought. it's painful to post on this site these days.

[Trades with cats]

What would motivate the Hedge Funds to go long or short prior to the ECB? The German bund market has already front run the rate cut so on paper the market reaction should be muted, but as Yogi Berra said "In theory there is no difference ..." And of course there should be zero drama with the FOMC next week but yesterday when the jawboning for another rate hike started the market had a little fit. And you know they have to have that sort of thing in the statement and minutes so there is no "surprise". So what do Ray Dialo and the "smart guys" do next. Especially given the hedge fund track record the last couple of months, as in redemption letters.

[BullBear52x]

anyone having plugin trouble to post? just curious.

[brokebybernacke2]

weekly vix, different view, may be some up down in that triangle before next move up...

[uempel]

In a few minutes - 1:00 p.m. - Louise Yamada will be on cnbc. In my view she's the one and only TA analyst out there Smart lady.