Cobra's Market View

Thanks, waverider. I'll ask Santa for it (now that he's here).

Cobra have you ever considered picking a day for this intraday forum to be "Al Brooks setups" day and see what we can see on a 5-minute chart with just the EMA 20? Also has anyone read the new book by Al Brooks? I'm wondering if it's worth picking up. Yes, I highly recommend it, it's the ...

jarbo456 wrote:well....anyone holding long or short over the weekend?

Unless drastic move last 1.5 I'm holding short.

Give me new low of the day, Russell.

Nomorework wrote:Okay guys (and gals if there are any), let's take a poll. Where do we close on SPX today? Just your best "guess".

Mine: 1212, after it bounces off of support at 1210.

1214

I was thinking long-term with silver, as well. Maybe some here can do a chart?

This is what happens when the market can see your stops.

Anyone here trade silver and have an opinion on it? It's almost 70% of its 52 week high.

Can someone explain why the Euro down means Euro markets fall to me? I would think it would be bullish.

Me XMan wrote:Double top and bear flag IMO

michelangelo wrote:Double Top or Cup and Handle forming on the Russell 30 minute.

Momentum is still strong so I'm hoping c&h. went long at 39.70.

Double Top or Cup and Handle forming on the Russell 30 minute.

This looks buyable.

Petsamo wrote:

michelangelo wrote:Damn, shouldn't have covered my TZA from yesterday.

It was the responsible thing to do. We're oversold.

I think I was front running. I was expecting a bounce back to the bottom of the triangle. I should have stayed with the trend down. Live and learn.

The target on the symmetrical triangle on the Russell is 701.

Damn, shouldn't have covered my TZA from yesterday.

Might be a gravestone doji on the 30 minute TZA.

Out of TZA at 30.

VIX went green.

New lower low in the Russell. 721.86 broke down.

The Russell is carving out one big symmetrical triangle.