03/24/2016 Live Update

[Cobra]

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The pullback may have legs.

[Cobra]

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

[josephli]

for the past two years, for rally over 100pts, it seems a pull back will be in the size of 80-100pts. of course it could break down to low. let's see.

[Cobra]

let's see if those aggressive dip buyers still would rush in (I doubt this time).

[brokebybernacke2]

back test of 200....key watch price on oil 36-37 range....

[josephli]

again, the megatechs are trying to prop up the market.

[uempel]

NYA:

[daytradingES]

8:36 AM 3/24/2016

Levels 24-Mar
Breakout= 2053.75
BuyStop= 2026.00
Est High= 2022.00
Resistance= 2020.50
6pts<High= 2016.00
SABB= 2013.50
Est Mid = 2018.25
6pts>Low= 2011.00
Est Low= 2005.00
Support= 1994.00
SellStop= 2007.00
Breakdown= 2007.00
Est H-L dif= 17.00

range could be narrower like 11.25 as it has moved so far in the o/n
though everything is pointing down - keep an eye on CL for manipulator bounce.
As long weekend approaches it will probably be narrow and choppy
There is a potential for a 2002 number today but I think it be be a rude awakened on Monday

[uempel]

The 2002 analogue:

Post Opex March 2016

Post Opex March 2002

[Out of Bounds]

All my short positions were closed on this morning's open that pierced the MAR11 high of 2012.95. My price was 2013.
I guess I'll probably just take off the rest of the day considering the long weekend.

[josephli]

goog, fb, aapl down

[brokebybernacke2]

All my short positions were closed on this morning's open that pierced the MAR11 high of 2012.95. My price was 2013.
I guess I'll probably just take off the rest of the day considering the long weekend.

yo tambien! Happy easter, hoping this 2015-2020 level holds for a resurrection spring!

[K447]

...
There is a potential for a 2002 number today but I think it be be a rude awakened on Monday

What it are you referring to?

[uempel]

Bullish Percentages are down, BPNYA chart at a critical spot:

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

BPNYA tends to lead SPX

[josephli]

it is all about crude then? even intraday has such strong correlation.

[jademann]

Well Europe seems to know which way its going..

[superxy]

Bullish Percentages are down, BPNYA chart at a critical spot:

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

SSS.png

finally,it has signs to turn

[Cobra]

members only update at 10:07 am
http://www.cobrasmarketview.com/2016/03 ... -update-2/

[Cobra]

morning hourly hollow red.

[fehro]

SPX 200d 2016ish lower channel support cyan, some support here. And as per usual.. mind the morning gap.