Cobra's Market View

Hi Cobra,

You've mentioned in market outlook that might be morning down then back up, but more selling ahead. Has that changed at all?

Thanks.

Gap up but within yesterday's range plus it was Major Distribution Day yesterday, so NORMALLY any gap after such a day would get filled, so changes are the gap will be filled. The Global ES MAY look like a Bear Flag, not sure, as the Flag is a little bit too large. 1.png Euro still fighting the res...

FA wise Europe is unresolved so doesn't make sense to break out. But TA wise consolidating close to the resistance more likely for breakout than not especially considering this is the third attempt.

Thanks and good morning. Looks likely that there's a new high today?

chickencoop wrote:

Cobra wrote:apparently I'm excited today, because we have new record replies on the intraday comment thread!

congrats, Master Cobra. It's a good day!

Indeed, Nasdaq will close at 2600 even today?

very odd to be so bullish with a fairly important announcement due out at 1:30. unless.....someone already knows that it's going to be good news? What is the announcement about? apparently some spokesman for merkel is supposed to announce something about the summit this weekend. Should be out by no...

Cobra wrote:1st target met. let's see 2nd target. I wouldn't be too bearish here for today, just a reminder because rarely more than 5 red hourly bars, we're on the 6 red bars assuming no changes in the next 47 mins.

5 and cannot decisively break down so it's bullish? Sorry for not being too bright.

Richarab wrote:

noob wrote:

cougar wrote:Wow….More bad news from Europe… What a mess!!!

What news?

i will be visting - spending my strong dollar at trader vix

Lol that's real bad.

cougar wrote:Wow….More bad news from Europe… What a mess!!!

What news?

Hi Cobra, My first post. Today feels like a pump and dump, sharply up then slowly sell off. It seems like MM knows if drop today nobody will buy, so bring the market up instead. Also to what extend can we view this as a bear flag to yesterday's drop? As you said it is unlikely that the sell off was...

Hi Cobra, My first post. Today feels like a pump and dump, sharply up then slowly sell off. It seems like MM knows if drop today nobody will buy, so bring the market up instead. Also to what extend can we view this as a bear flag to yesterday's drop? As you said it is unlikely that the sell off was...

Hi Cobra, My first post. Today feels like a pump and dump, sharply up then slowly sell off. It seems like MM knows if drop today nobody will buy, so bring the market up instead. Also to what extend can we view this as a bear flag to yesterday's drop? As you said it is unlikely that the sell off was ...