Cobra's Market View

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1st test of ema20 in a long time, so should be some buyers here.

members only update starts here: http://www.cobrasmarketview.com/2016/11 ... ay-update/

SPX 20d 2128.44 for support. more up 2147 50d. some resistance in this zone the 2015 highs.. 2134.72

Relevant lines for today

/es 2121 is my pivot,

start the day on southbound train.

/ES D/60m.. 2140.. yearly downtrend retest cyan

Out of Bounds wrote:Relevant lines for today

minor H&S in there… measure move 2116.50 SPX

fehro wrote:

Out of Bounds wrote:Relevant lines for today

minor H&S in there… measure move 2116.50 SPX

Thank, I see it now. Seems to be playing out.

2121
2117.5
2111
2106

down target.

VRX weekly.. ouch… next levels.

SPX500 CFD /ES ish like... W/D 2200 upside.. yellow... 2050-30 green, middle blue channel, and 1920 cyan lower side... post election Fireworks levels to watch.. fwiw..

my mid term triggered sell.

prepare for new LL

VOTE

As the outcome starts to roll out by Wednesday in Asia, the regional markets will be the first to trade on the results. Reuters writes that as a result, Asia-focused banks are boosting staff levels, while others are raising the margin requirements for trading to cope with a possible spike in volume or volatility.

Meanwhile, traders expect the S&P to swing by about 2% in either direction on Wednesday based on the price of S&P 500 index options.
Options on the QQQ and IWM, are pricing similarly large swings before the week is out.

Markets yesterday priced in a Hillary win; a surprise Trump victory would likely lead to drop of (some believe) 6%.

Douche Bank, still hurting from the Brexit calamity, is not taking chances, advising its sales and trading team to
immediately report to their trading desks should Trump wins Pennsylvania and Michigan.
This means shortly after the polls in these two states close at 8pm, trading will either promptly die down or will just be getting started.

About tonight. Zerohedge says Deutsche Bank wants all hands on deck if Trump takes Pennsylvania and Michigan. I think it entertaining that after BREXIT they are talking about results of at least three different outcomes at the major trading houses.

Bad for my plan as I have a new fried chicken I am trying out and a fresh bottle of my preferred adult beverage. Can't trade high volatility moves with a cloudy head.

Clockworks.

Not exactly a confidence inspiring new high so far.

MrMiyagi wrote:

178.png

mr miyagi
any insight into success of hitting pbars if there is more of them to a specific level? or no difference ..e.g. 208.48 in your example,lots of bars.. tia...