Cobra's Market View

some trends to watch....

macro picture
ARKK leads market by about 9 months. Will be retesting Covid lows next week. trendline off covid lows target. Cathie Wood , how much longer do you get paid for this? That's a BIG head.

BullBear52x wrote: ↑Fri Oct 27, 2023 1:45 pm /ES should have a strong support at 4127, market is very oversold. catching a falling knife can be dangerous at the same time, follow the trend, trend is your friend still the only game in town. Happy Halloween.

3900 is good bounce zone good support Folks aren't ready

marcueus2 wrote: ↑Thu Oct 26, 2023 3:23 pm Low(temporary) is probably in for now due to overshoot in cfd. Today CFD spx low was 4125 while regular market was 4128 it is very important sign

the day is young

I don't see support for qqq until 338 and then better at 319. qqq needs 351. Transports are just a falling. amazon tonight, maybe they save, or not.

Not sure what to say here, major weekly trendline broken on transports, we got some downs ahead. 2 days to slam it into reverse bulls...

Mr. B reporting in... The NYMO cycle is down. The last up cycle was only good enough for a corrective move to the middle keltner band, which held as resistance. Not good. The 200 MA is on deck, and the month low lurks a little below it. Bulls should mount a defense in this neighborhood. If they don...

hmmm. not good.

long time...critical spot in markets here. Volatility must calm down. vvix is saying somethin....eye on megatech, straining...reverse soon or bulls be a crying

nosebleedy

get your zzz's. sideways till september. 4400 ish should be a great entry level. prepare for a very good run before the needed correction/drop end of year/early 2024.

4330 pullback mild there

they brought out my namesake to help steer the markets. 2 appearances in last week. huh.

skid row

and so it begins. leakers

the lifeboat...

historical times...loss of confidence in many systems....

iwm Weekly chart, only one need to watch. nearing moment of truth. difficult for Fed to ease when so many job openings...

IWM really needs to get its sh*( together....riskin the market at large.

Bear Porn warning:
Long term Big Picture is not good here. Quarterly. Market needs 4200+ by june 30. Market is on the clock. Lower bollinger in play if she don't. imho. very important times.