Cobra's Market View

Nikman, I am only able to go back to March 1980 on the P&F chart. So, I have included a monthly OHLC chart from 1961 so you can see my reasoning. I tried to color code the charts for easy reference. The pinkish box shows the capitulation top and note the retest from 10/1987, to me, that is one ...

Looking at $TNX for October = A. P&F charts only show the month if there was significant move during the month. We have 11 incidents of A appearing excluding the current October noted. In the last 40 years, (using this P&F charts only) October has been a turning point in rates. With this ch...

Cobra, if it is a range day today with a sub 2700 on the low end, how do you see the current uncertainties resolving... down down for few days before an all-clear move up to ATH? Thanks!

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Thanks Cobra!! Amazing commentary 2 days in a row! Very helpful for everyone who is paying attention to how you analyze the market using the 5-minute chart. Long time members of this board know very well the definition of your 3-push up... the "up" becomes smaller and smaller with every it...

Cobra, the short interest is exactly at the same level as August 2015 and December 2015. So maybe things can start to happen next week right after the Fed announcement?

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hi DTES, miss your daily estimates in the forum. I hope you will restart posting them. Thanks.

daytradingES wrote:looking at 2041 es as level to be broken

Cobra wrote:pullback a little sharp maybe h2 is needed to buy the dip.

Hi Cobra, could you please guide us on the H2 buy as and when it triggers?
Thanks!

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Wow! It would be nice to compare this to 2006-2009 timeframe to see how early does the smart money become this heavily short before the downturn occurs. Smart money record short and keep adding short this week despite the market climbing up, so it's case 1.) the top might be in or near! ... you wan...

Wow! It would be nice to compare this to 2006-2009 timeframe to see how early does the smart money become this heavily short before the downturn occurs. Smart money record short and keep adding short this week despite the market climbing up, so it's case 1.) the top might be in or near! How I use th...

Cobra, There was something that was creating doubt in your mind about a certain "remain" vote when the markets were rallying. You kept saying, "let's see if it is true". What was that? 1 min chart clearly shows the circuit breakers are in effect. let's remember this historical mo...

Cobra, has there been a $10 gap down on SPY ever before? What is the maximum gap down on the SPY ever?

Cobra wrote:predicated result: leave 52%, remain 48%.

This is just insane. This will be a huge GAP down... probably keep going down for all of next week.

Cobra, any chances of any small bounces from this waterfall?

Cobra wrote:further waterfall.

OOB, are you expecting /CL to drop big from here? I think it will cross $50 because it is so close to it before dropping (maybe even $51). Still in a wedge if it does go that far.

Out of Bounds wrote:

Hi Cobra, you still do not have any short watches showing up in your scans YET, which probably follows the other indicators that are making you bull-biased in the short-term. Strangely enough, most of the people (including me) are feeling very bearish and expecting a market swoon even from this leve...

Hi Uempel, It was a Dud last year in mid-April and so it might do the same this time (Q2 of the year). Hopefully, it will be sharp move down in its next turn (end of September)? Previously the red cycle led to quite dramatic moves. So far this week SPX has barely moved. High was about 2083 and now i...

Ok. Thanks for posting the correlation chart. So that means SPX up for at least the initial part until USD/JPY resumes its move down after the G7 or when US economic data becomes weak again. Yellen does not want a strong USD, so I guess the equities markets will remain a currency play for the remain...

Hi Cobra, Could you please re-post or explain the trading reversals set-up on the current 15-minute chart. I cannot find it from your earlier posts. I need to see what to look for. I also understand it can fail too, but I promise I will learn it this time for future purposes. :-) Thank you! possible...

Thank you Gappy! I did not open the chart and because of the color scheme that you use, I did not even realize that it was the USD/JPY chart. I am glad I asked the question. :-) Now that I have seen that chart, it looks like an explosive move up for USD/JPY. Even though that is good for Japan's and ...

Hi Gappy, Is Coppock at 0 now? Since when? I thought as of end of April it was still -1 or something? And the market has been down since? Tight bolly can mean the move in either direction. Right? Thanks. 4 hour. Bottom diamond pinch @ the cloud/23.6. Tight bolly/Coppock 0 bounce. Buckle up next week...

Hi TWC, I know you have mentioned it before, but what happens after London closes? Does the US market rally or go down for the rest of the day? Thanks.

Trades with cats wrote:Can we sit on support till London closes?