Live Update

Monday, August 17, 2009

08/17/2009 Intraday Update 1

Now SPY hold on the support. We don’t have a new intraday low after 10:30am ET yet.

SPY30min

This is what I drew several days ago for the intraday update. I was kind of expecting a Complex H&S Top then, but now it seems it’s simply a H&S Top.

SPY30min2

Posted by Cobra at 10:47 AM

4 comments:

  1. ADDAugust 17, 2009 at 11:10 AM

    Dear Cobra,

    If the market closes at these levels (as in no major buying at the close), what is your initial gut feeling about tomorrow?

    Thank you,
    -A.

    ReplyDelete
  2. CobraAugust 17, 2009 at 11:18 AM

    Normally, we should see close lowest of the day and bounce a little bit tomorrow.

    ReplyDelete
  3. AnonymousAugust 17, 2009 at 11:57 AM

    I think they finally fixed ISEE number... Friday indices/ETF I think was only 59...

    Frank

    ReplyDelete
  4. AnonymousAugust 17, 2009 at 2:20 PM

    ISEE sure look bullish on all equity only... pretty much over 200 all day...

    ReplyDelete

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