Cobra's Market View

how about biggest drawdown from top to bottom?

same old story, buy the fucking dip

bullish interpretaton is successful test of 20 DMA, bears finished again

It's interesting that SPX's only 1% from year high that the bears sound like already celebrating. Disclaimer: I currently long both ES and TVIX

look at Trin divergence here almost there but I'll stick to my price pattern these internals crap distract me for a whole week. spy.JPG this is what works spx.JPG the divergence is huge everywhere but it's very hard to time the divergence. if the mkt up another 1.5% today, would the divergence be r...

Huge gap up like I was afraid. Yeah, this is market, it always surprises you. Normally such a huge gap should be filled. Let's see. The global ES hits the rising wedge upper boundary and hopefully could be a pullback of some kind here. I don't see it as 3 push up because all 3 ups are equal in stre...

Yes we CAN!

One thing to note about intermediate wave 2's this past year. I've noticed that they quite often get near the 78.6% or 76.4% retrace, (take your pick.) This has the effect of encouraging the bulls, setting up a trap, in addition to flushing weak shorts out of their positions. You can't win for losi...

hoho, greenback and i almost made the same comments at the same time

Again, pay attention to the table. The long-term signal is down, so I have to respect that. The intermediate-term signal is crystal clear. And the evidences are crystal clear that I did say we'd see multiple weeks of rally. Bears choose what they like to read, that's called selective listening/read...

Another day bears would keep on asking, is it time to short?

It's interesting that it's a breakout day and most people are looking to short

0.382 fib ratio (1358.60->1300) sth like 1322 provides resistance.

Thanks a lot, pablorynx

May I have some major European bank symbol for checking prices. Thanks a lot!

Cobra wrote:nothing to say, seems QQQ leading on the downside now.

INDU, Russell 2000 and RSP are quite okay, QQQ seems out of line. I think the market is normal, not much bias now. Hope a h&s bottom on 1hr chart