Cobra's Market View

not unusual to give some back the day after fed announcement.

Possible breakdown of bear flag support trend line.

Just below line as we speak.

Real or fake ? New target?

Breakdown with volume surge

Brief reversal followed by low of day ?


Comments?


Maybe we bounce significantly?

Some penetration of bear flag support.

Break this time ?

looks like we are just below the flag trendline. real breakdown of fake? i guess we give it about ten minutes.

Double Bottom possibility ?

Any thoughts?

MrMiyagi wrote:We have failure here captain. Recall the troops. Buy puts on SPY.

q's are up only a few cents


my guess is spy closes red

Looks like we are in a flag after the first push down. It seems reasonable to expect a second. Anyone have thoughts ? (THANKS IN ADVANCE FOR YOUR OPINION !)

Possible Double Top ?

Cobra wrote:remember, before trend line broken and the low gets revisited, it's not long.

revisit low

double bottom ?

move to green ?


Cobra, is that the plan?

Al_Dente wrote:we just filled the 3/13 gap (????)

Fill and reverse to the green day ? I think that might be the plan.

deadmoney95 wrote:

ken d wrote:C&H could you remind me what this is ?

cup and handle

http://www.investopedia.com/terms/c/cup ... z1rZNko1Kv

thank you

C&H could you remind me what this is ?

This run up looks similar to yesterday's. Any idea on stats for tomorrow? Expect a gap down like today? Close near HOD = gap up?

Any opinions here. I am just plain stumped.

Within a few pennies of gap fill

Potential reverse ?

Run it into the close? Just like the last couple of days?

Seems a likely result of the bear flag breakout. What do you think?

SPY looking like a bear flag.

Can a flag formation be negated based on length? In the current case the "flag" looks about as long as the recent trend.

ryandbaird wrote:can you touch on why is was a perfect long set up?

double bottom followed by range break out

Uempel,

thanks for the update. your call at 2:50 yesterday was a thing of beauty !

ken

volume surge, shooting star, so maintain the plan. bears are so careful here, so not essentially a good news for bulls. Three consecutive down days = more down to come . hmmmmm...... with such a strong close it seems reasonable to expect some type of gap up. Even thought we had three consecutive, t...