Cobra's Market View

ES is heading for full Fib50 retracement, an important level to watch.
if conquered, then 1420 the next.

Weekend charts

Harapa wrote:Pretty self explanatory.

joefridayndxlargerisingwedgeoct19.gif

http://blog.kimblechartingsolutions.com/

That's the kind of sword of Damocles, but wouldn't be it more perfect if there comes one more wave up to the ceiling

ZimZeb wrote:

knock wrote:This drawing is not accurate. The top is around 1488,

1576.09 - 768.63 = 807.46
1474.51 - 666.79 = 807.72

Are you getting 1488 by some other method, or is my arithmetic off?

using parallel lines. see the top ceiling white line in the chart!

I also believe there is at least another wave up, and it's cleaer when looking at QQQ and RUT than SPX.
DH is good at price levels but rarely makes prophecy, probably he has figured out the Street is using QE money for shorting this time.

David Halsey posted a scary chart, but it's hard to believe
http://eminiaddict.com/wp-content/uploa ... sh_001.png

Range consolidation or double top, that's a question at the moment

aapl may trade up from here

no one post xiv chart?
seems showing some div with spx.

very short term, watch the purple line, if broken, may test 1420 area, which I believe will hold. Seawaves, pattern suggests further downside before a rally can begin. Some charts point to 1417, my belief (or do I indulge in wishful thinking?) is that the dip will go a bit further, just to encourag...

slightly longer term, bull still has some way to go! thanks for these charts, can you suggest what you read into them? the cpc data looks similar to prior QE rallies? not clear on what to make of your COT data.. thanks, joe Focus on the Net_NC, which is the market mover, and it keeps ticking up wit...

very short term, watch the purple line, if broken, may test 1420 area, which I believe will hold.

slightly longer term, bull still has some way to go!

Repost the mysterious chart from McCellan Financial





I consider them as a slightly long term trend guidance for the current market.

Bull needs to be cautious, as there are too many bulls out in the internet.

Pay attention to similar larger triangles occurred at elevated levels in near past. 4 out 5 broke down.

This up-trend since June is not over yet. The current consolidation seems a bullish flag. even if triangle broken down, 1380 has strong support

it's a buy!

"All" expect a dip to buy into or cover with, which may push the market higher afterwards. Check the highlighted area for a history lesson.

NYMO double positive divergence!