Cobra's Market View

Either wedge broken, or oddly shaped IHS in the forming on /es, if that's the case shouldn't drop much more than the current level.

Cobra wrote:not clear it's double top or rectangle or ascending triangle, wait.

Looks like higher lows in a channel, or a bear flag? Feeling we target unchanged for the day at least.

Cobra wrote:2nd test of day high, key time.

The break is rather suspicious...

noob wrote:

fehro wrote:lunch hour almost over.. get ready for a larger move.. .

Wow good call. real or fake?

Fake, definitely fake. By this rate, t oday might actually close in red.

Cobra wrote:

MrMiyagi wrote:!!! POWER HOUR !!!

The cat gif is what I look forward the most every day...

Cobra wrote:i don't like this pullback but still it could be bull flag. give it a little more time.

The pop higher during lunch is very suspicious, momo up then slowly gets sold down...

fehro wrote:lunch hour almost over.. get ready for a larger move.. .

Wow good call. real or fake?

Cobra wrote:members only update at 12:25 pm
http://www.cobrasmarketview.com/2015/09 ... ay-update/

If indeed, weekend report will be titled "RRRRRRRR"?

BullBear52x wrote:Today will be a do or die for bulls, need a strong closed. one more short term buy coupon left but next rip Papa bull will be challenged once again.

AAPL will lead the market this PM, the feeling is down.

Unique wrote:AMZN, GOOGL + TSLA: Key time bulls, this is the part where I say All Aboard cuz the train is leaving the station. Choo choo?

I'm guessing will need to wait for iphone event tmr.

fehro wrote:minor invs H&S SPX 1m.. hammering the hourly... careful a face ripping up rally... just sayin'

No buying pressure today, yet.... If selling like this to close will close <1900

Sell into the close? I'd imagine people being cautious ahead of NFP.

Seems the hanging man on Friday is confirmed? And L1 short is triggered?

fehro wrote:oh.. down to the wire today... and hammer it is SPX weekly

Hanging man on the daily, oh man, choices... Maybe down on Monday for a retest then up again?

Higher high is fulfilled though right?

http://www.wsj.com/mdc/public/page/2_3022-mfsctrscan-moneyflow.html I'm sure it will make to the market report tonight but money flow doesn't look too good. You only get the correct money flow value after 5pm ET. Forget about intraday data. Thanks, I jumped the gun but looks a lot worse after 5pm...

http://www.wsj.com/mdc/public/page/2_30 ... yflow.html

I'm sure it will make to the market report tonight but money flow doesn't look too good.

Cobra wrote:hmm, what happened while I was at lunch?

O8 spoke.

Cobra, any update on gold following the surge? Thanks!

Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

I think largely depends on who wins tonight. If Romney wins definitely.