04/07/2016 Live Update

[Cobra]

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Head and shoulders top? touch the blue line below then breakdown would be very likely because it'd be the 4th test, the more test the less likely it'd hold.

[MrMiyagi]

spyx

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2016/04 ... ay-update/

[fehro]

SPX 2052 goes.. look for possible 2039.73 20d, that breaks 2030 50w SMA, then 2015 200d, also trend line support near 2040, 2018ish. Mind the VIX invs H&S 15.80 neckline key, break above that.. .. engage seat belts

[fehro]

SPX sloppy wedge 60m, and yesterday's retest measured move is 2020 - 200d SMA range.

[Cobra]

open at support, let's see if those aggressive dip buyers are still there.

[fehro]

TRANSports weak.. already takes out yesterday's LOD… VIX testing 20d

[Trades with cats]

oolbizone's Elliot Wave Count- Looking for a three down. I gotta agree we do have a clean five waves down followed by a three wave up pattern. This wave structure supports Cobra's morning call. Exceeding the Sunday night high 2071.5 ES would invalidate the pattern

[brokebybernacke2]

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thank you miyagi, think that last Pbar up should wrap things up on the developing head and shoulders posted earlier in week- think we get there today/tomorrow, next week earnings (not good) start and an oil meeting, im expecting a visit to those ol 1900s sp soon again, enjoy!

[Daniel]

Strong from the Open: XOP, ITB, XLE, IBB, IWM, SLV

[fehro]

SPX .. mind the morning gap.. Draghi up in 12m

[brokebybernacke2]

SPX .. mind the morning gap.. Draghi up in 12m

He's good for an up day or 2, assuming same B.S.!

[Trades with cats]

Holland, Merkel having pressers as is LaGarde in NY. Yea, they better talk fast. The people of the Netherlands have spoken and the people of England speak next. Not exactly music to the ears of any EU officials or supporters. Markets do not like the unknown. So here we go with what could be the break-up of the EU and at the same time BOJ is allowing the market to set the price of the Yen.Almost forgot add to the list the totally broken OPEC cartel.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[Cobra]

morning hourly hollow red.

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2016/04 ... ay-update/

[MrMiyagi]

spy

[fehro]

SPX .. mind the morning gap.. Draghi up in 12m

He's good for an up day or 2, assuming same B.S.!

good cop bad cop.. Draghi now, Yellen at 5:30pm ET ..

[DellGriffith]

SHORT SPY 204.75 (because of sell signal).

[brokebybernacke2]

SPX .. mind the morning gap.. Draghi up in 12m

He's good for an up day or 2, assuming same B.S.!

good cop bad cop.. Draghi now, Yellen at 5:30pm ET ..

yep, like maybe this...