Cobra's Market View

Good Morning to all and a Happy New Year!

SPX shows three-push... so I would expect some correction here

Good Morning All! Thanks, for the new Member Only set up1 I hope everyone has a profitable day!

TWT wrote:KBE : The corrective structure of the pullback suggests that the rebound off Fridays´lod is not over

I really agree with you! One more leg up to 1215 or so, maybe 1230.

Just signed up ... thanks, and keep it coming!

Daylight savings time change in USA. Time now is 1:33 EDT.
Thanks.

Cobra wrote:OR, let's wait for breakout, so far bears are attacking. Interesting it's very quiet today... where is everyone?

We are here! Trying to figure out is this little surge down is a prelude to another high or.....
Have a great day,Cobra! We are watching!

StrikePrice wrote:I respect those who are Bullish. Alternate looks nice too. in Wave 3 of 5 should be a very Bullish day tomorrow.

FWIW... I agree and you might even raise the target some....

SPY: the new octave in action. Can you point me to understanding of octave stuff? THX! This is part of something called "Murrey Math". There are some books and detailed explanations of it on the internet...The system is derived from Gann's original idea that "moves" within well-...

cougar wrote:SPY: the new octave in action.

Can you point me to understanding of octave stuff? THX!

Alternate Count to the one posted earlier, more Bearish, putting us currently in Wave 3 of A that appears to be a Zig Zag. We may complete the whole 5 Wave down and start the 3 Wave B later today at the rate this has been moving. My count is in sync with you... It is hard to go short just yet! :roll:

Good Morning and Thank You for all the great work!

Cobra wrote:H2 long on EMA20, let's see.

Really good call, but I missed it by 15 minutes

Thanks! Cobra. Really good stuff!

Overall, this looks like a possible doji day. Good morning to all and Happy Trading!

Hi, Cobra! I'm a noobie on the new site, so I am very and hopefully excited!

all is well now....?