Cobra's Market View

uempel wrote:Time signal: Ellipses on the 60 min SPX chart suggest a move now ...

Hoping for up

uempel wrote:Jewish traders back after yesterday's holiday, Catholic traders watching TV, Cobra watching every move of President Hu Jintao ...

Hu is retired, Xi is in charge

Cobra wrote:

Daniel wrote:SPY currently up a nickel. But doesnt that make sense? If the Fed leaves rates unchanged, then the market should also be unchanged...

There were the 25% expectation that it would raise rate.

Cobra wrote:breakout as expected. here's ascending triangle target. not idea if the breakout is for real though.

Failed, opposite direction?

Cobra wrote:morning hourly hollow red. drop below the bar low eventually? wow, I cannot imagine that.

A scary thought indeed.

One good news, this morning took out the 184 pbars from Oct.

MrMiyagi wrote:

1529.png

Can you check if there is anymore downsides other than some 184 ones from Oct?

Thanks

BullBear52x wrote:

q2model wrote:

BullBear52x wrote:$CPCE hit the panic level yesterday but not the $CPC, today EOD should show $CPC >1.2 panic level.

What is the implication? rally?

It's like very oversold, a dead cat bounce is to be expected.

1.PNG

but a breakdown could be severed.

2.PNG

Thanks,

BullBear52x wrote:$CPCE hit the panic level yesterday but not the $CPC, today EOD should show $CPC >1.2 panic level.

What is the implication? rally?

uempel wrote:Of course I don't know for sure, but I could imagine a huge short squeeze sometime soon ...

Happening now or not??

MrMiyagi wrote:

1503.png

After 2

Al_Dente wrote:

q2model wrote:Why is XLV down so much?

biotech
https://stockcharts.com/freecharts/carpet.html?[DJUSBT]

Thanks

Why is XLV down so much?

MrMiyagi wrote:OK, I think bottom for today is in.

Why?

Cobra wrote:1 futures gap is filled, only 1 left.

What was the situation in 2008? Were all the future gaps filled soon? of course we know they were all filled eventually

MrMiyagi wrote:

1145.png

Can you show what have been hit and what is left?

Thanks

MrMiyagi wrote:I don't think this can go any lower today, it seems like there's a magic hand holding it up. Maybe the $210.59 pbar but even that is looking hard to reach, like an itch on your back that needs a long stick to scratch.

Just got hit

It's worth noting that we are approaching what has been traditionally the low of the year from this point forward. Only 2011 had the market finish lower than the closes in and around late June/early July. The conditions of the current market are not all similar to 2011, so I would expect a low pivo...

FDAX (DAX future) range today was 485 points: 10'805 up to 11'290 - that's 4.4 percent. That's like SPX moving 84 handles ;) If Cobra were really smart he'd focus on DAX. And he'd be rich too. Cruising the world with his yacht ... t.png And he'd delegate the supervision of this forum to his daughte...

brucekeller wrote:

cletus wrote:I stated very clearly there was a super TRIN bar which is intermediate bullish. Doubt anyone cared to listen, but they'll pay for that view.

That -1200 tick was a warning too.

@brucekeller, what is tick? Never figure out . Do you mind explaining a bit for me.

Thanks,

MrMiyagi wrote:Back from my trip, I might have missed a pBar here and there, here's a recap:

1080.png

Welcome back, good to see all the downside ones were filled this morning.