03/01/2019 Live Update

[Cobra]

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double top or not, wait and see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/03 ... ay-update/

[BullBear52x]

This looks like a set up for 2x top, what will interest me the most is a weekly closed, a lower closed than the open will be very bearish, for now I would say squeeze all day bulls will not give up easily here.

[BullBear52x]

sell first to test water.

[BullBear52x]

looking for support at 800, if bears got lucky we might see 95ish.

[BullBear52x]

If bears will make it this is the spot to sell.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/03 ... ay-update/

[JFR]

Overnight gap up on ES, NQ, YM and IWM.

IWM has tried to close the gap.

[BullBear52x]

morning bears can not loss today.

[BullBear52x]

not a bad Friday.

[BullBear52x]

sitting out, wait for new setup

[BullBear52x]

wishful thinking

[JFR]

NQ, YM and IWM have closed the overnight gap. ES not as of yet. Taking a break ...

[Al_Dente]

note China
ASHR up +2.59%
also FXI

[Al_Dente]

MSCI, the company that compiles some of the world's most closely followed share indexes, said Thursday that it will
quadruple the amount of Chinese stocks in its key benchmarks this year.
https://www.cnn.com/2019/03/01/business ... index.html

"The move could potentially draw more than $80 billion of fresh foreign inflows to the world's second-biggest economy.
"MSCI said it will increase the inclusion factor of Chinese large-cap stocks to 20 percent from the current 5 percent in three steps, in May, August and November this year.
https://www.cnbc.com/2019/03/01/msci-to ... marks.html

[Cobra]

downtrend day?

[Al_Dente]

So far this week SPX is dead flat (0%)

[Cobra]

I don't believe 100% mm but Fib 61.8% mm is likely.

[Al_Dente]

New York Fed’s GDP Nowcast Model Sees U.S. 1Q GDP at 0.88%
as a result of big declines in Personal Consumption, Housing Starts, Wholesale Inventories, and others.
[after Thursday's (2/28) print: Q4 GDP 2.6%, vs. expected 2.2%]

Goldman launched its Q1 GDP tracking estimate at +0.9%. This forecast, as Goldman's chief economist Hatzius said, "reflects an expected drag from inventories, sequentially slower consumption growth, a decline in residential investment, and a four-tenths drag from the government shutdown."

[BullBear52x]

scalping all the way until yesterday gap fill on cash index. hope for Cobra measured move.