Cobra's Market View

The SPY 15 min chart tells the story behind the bearish wedge and false breakout, orange indicator "if" in confirmation should be hitting new highs on this important time frame, instead it is leading negative to new lows. http://3.bp.blogspot.com/-9-6GMN9_qo0/TxXRoCLni-I/AAAAAAAAhcg/I8d6l...

TZA gaining traction [long term] 2min http://4.bp.blogspot.com/-UDEnIGkriYA/TxXOQIqEyYI/AAAAAAAAhbg/emtps02K27c/s1600/t+2.png 15 min http://3.bp.blogspot.com/-i0AuAYclZPg/TxXOQl4K1_I/AAAAAAAAhbo/2TwU-4Ohj0g/s1600/t+3.png 30 min http://1.bp.blogspot.com/-4qGzAmWG48o/TxXOQxW7yVI/AAAAAAAAhbw/ab61k71zS...

TZA gaining traction [long term] 2min http://4.bp.blogspot.com/-UDEnIGkriYA/TxXOQIqEyYI/AAAAAAAAhbg/emtps02K27c/s1600/t+2.png 15 min http://3.bp.blogspot.com/-i0AuAYclZPg/TxXOQl4K1_I/AAAAAAAAhbo/2TwU-4Ohj0g/s1600/t+3.png 30 min http://1.bp.blogspot.com/-4qGzAmWG48o/TxXOQxW7yVI/AAAAAAAAhbw/ab61k71zS...

The SPY 15 min chart tells the story behind the bearish wedge and false breakout, orange indicator "if" in confirmation should be hitting new highs on this important time frame, instead it is leading negative to new lows. http://3.bp.blogspot.com/-9-6GMN9_qo0/TxXRoCLni-I/AAAAAAAAhcg/I8d6lk...

TZA gaining traction [long term] 2min http://4.bp.blogspot.com/-UDEnIGkriYA/TxXOQIqEyYI/AAAAAAAAhbg/emtps02K27c/s1600/t+2.png 15 min http://3.bp.blogspot.com/-i0AuAYclZPg/TxXOQl4K1_I/AAAAAAAAhbo/2TwU-4Ohj0g/s1600/t+3.png 30 min http://1.bp.blogspot.com/-4qGzAmWG48o/TxXOQxW7yVI/AAAAAAAAhbw/ab61k71zSs...

XLF move also not strong. 2 min http://2.bp.blogspot.com/-PT8og9MUQdI/TxXHepkFgjI/AAAAAAAAhZ4/0kdgu1pes_Q/s1600/x+1.png 5 min http://3.bp.blogspot.com/-64Zh_RuHQdA/TxXHfGmnRjI/AAAAAAAAhaA/mbkXQ1oryZ0/s1600/x+2.png 15 min [longer term trend] http://4.bp.blogspot.com/-_iVDXtXAIgE/TxXHfqgpG4I/AAAAAAAAh...

Same for the QQQ's [1 /2/ 5 min] http://3.bp.blogspot.com/-IARWwNsZWTc/TxW2UOA3TeI/AAAAAAAAhXs/yuSm9tBCzkI/s1600/qqq+1.png http://3.bp.blogspot.com/-FVOso2lhGzE/TxW2UptaXnI/AAAAAAAAhX0/Dk3INV0XnPA/s1600/qqq+2.png http://1.bp.blogspot.com/-esunekqLbow/TxW2Uw1nOuI/AAAAAAAAhX8/QKpuje2hvfA/s1600/qqq+3.png

SPY intra day not looking so strong. Have a neg divergence with one of my indicators on both the 1min and 2 min.

http://1.bp.blogspot.com/-8lFBdKrpp3I/T ... /spy+1.png

http://3.bp.blogspot.com/-42mZo3CfGos/T ... /spy+2.png