Cobra's Market View

Today's action illustrated the buy high and sell higher :lol: lipstick on a pig...your concerns will reveal themselves in due time... the market has broken up beyond the ascending triangle flattop, and the inverse head and shoulders from april 27 2015 has imho spy cappin the push up 50 pts beyond t...

Intraday NYMO at +8.15 above the 10BBand TRIN at 1.46, Bearish VIX at 12.83, just off day's low NYADV at 2329 very high but not extreme All this leans towards a down day tomorrow, but it is OPEX so it might not be that far down. yes, think its time for a breather, spy upper bb at 212.64 , came clos...

with rates on burner till at least June, new highs coming!

BullBear52x wrote:the road to 161.8%, counter trend got crushed. the dip buying in control the whole way. Oy

see testing that recent high in short order...

IHS from April 27 might be coming in to play here, could be real good pop today (already) tomorrow...

could be a bigger up indices day/s on horizon , working on that top triangle level...support broke in the 93s, dollar fallin to the 91s today, see if she stays/continues...

bull case, just an ascending triangle..
like chart, looks like busting spy 211-12 to the final high before a bigger turn....

Downside SPY p-bar at $208.46 met Remaining open is $207.01 to the downside from april 17 Open QQQ p-bars $106.54 $106.01 Within striking distance of meeting the above p-bars And now all targets are met. yes, now maybe we get a rebound, see if market wants to suck in bulls for another good bull tra...

weak weak weak bounce....maybe the 150ma coming fast...

uempel wrote:Update:

k8.png

great charts uempel, thank u. i got my cletus helmet on....when 2078 goes, cry momma..

A quick point related to my May preview here https://pugsma.wordpress.com/denalis-turning-points-2/denalis-turning-points-2015/ If Friday's low is broken (SPX 2087.50), then the historically likely scenario would be: -Down to Thursday and then bounce in to opex Monday or Tuesday and then down in to...

Bach nut
yes, but think that will be where pigs get slaughtered, as that will meet everyone's the "finally 5-10% correction"....be careful down there...gonna be interest rate up time soon...

ruh row, slicey 200

not many kisses of the 50ma weekly spy for long time...

she is weak,hmmm.
paltry volume over last few months starting to reveal her hand?

is it time to take cover??

new all time highs on the SPY bears...they did not heed my warnings Wannabe permabull sighting. Idiot. Stupid, argumentative, nonsensical comment by the wannabe permabull. There are no permabears here. Nor any real permabulls. Just day traders and one stubborn child who likes conflict. cletus, albe...

I am announcing we will TOP today till middle of MAY!!!!!!!!!!! :evil: :evil: :evil: Looks like we already hit the double top at opening... I want to thank all central bankers around the world for a wonderful last 7 years... sell by may and go away... imo you can play these last sputtering points o...

Trades with cats wrote:Any updates on the DAX flash crash ?

like 50 points?? that a flash crash??

Long time lurker, rarely post, but Cobra Rocks, never call out the Cobra, he humble and super intelligent, rare combo, many thanks to the Cobra.
Next, trannies look ill, we headed to test that 50ma again on spx, how long she going to hold? I think the Bull is about to go on vacation for a while....