Cobra's Market View

Wouldn't be surprised to see them tank it down to 1192 to flush out the longs and trap in new shorts...Then in the last 10-15 minutes park it at the session high.

davros wrote:es breaks above the down trendline

Yup and straight through it..No consolidation below before breaking through...Smells like a short squeeze for sure...In a normal market dynamic we would get some consolidation beneath before breaking through.

ok guys seeing a lot of shorts capitulate a so i will try to put on a new short here around these levels... sorry to hear about it though guys. Well we are just the 1st batch of shorts closing. Unless the market gets what it wants (greek default confirmed) then I suspect they will keep setting bear...

I'm afraid to say it but I've closed out my short position

It had reached max pain for me. It'll probably crash tomorrow now. Gutted by the strength of this rally.

Rumour doing the rounds according to ZH that china to bail out europe...Hence the spike...