Cobra's Market View

Let's see if bears can break the support trend line this time while ST signals haven't shown any BUY sign yet

One of "early" sell ST signals just shows up....

Red circles show signs of market going to pull back soon for at least few days

I personally don't think any break out of upper resistance from here can sustain in the next few days, but ST signals are still in BUY mode.

My take for ST market forecast is that market will continue to rally over next few days based on bull signals from 60-minute charts, but signals from daily chart indicate a lower low ahead after this rally

Bulls should watch out for SPY-MACD sitting in negative territory

With QEs are still in effect, does anyone really care about market breadths anymore? They appear to show something big going to happen soon.

Unless there is a catalyst to bring down market hard, I don't see bears gaining any momentum so far.

Intraday chart shows $SPX approaching OB level and less participation from big money. Chart by Sentimentrader.

Just a simple WEEKLY market sentiment chart. Enjoy the rest of this weekend everyone

Trade-a-holic wrote:nightlyhawk, can you tell me what indicator you use?

Well, it's a Slope indicator within RSI settings. Some readers "complained" that my charts looked so complicated, which is why I only display a partial of it to please their eyes

This is one of my short-term charts to show that a short-term top is in. So, be careful.

It looks like a bull trap so far from today's rally. #1, #4 & #7 chart shows negative divergence while market is testing previous high.

I showed this 60-minute chart on Cobra's chinese forum yesterday. In the meantime, this 30-minute chart clearly shows a breakdown today

One of this WEEKLY reliable indicators shows market having more room to fall in the next few weeks.

Intraday market is oversold with positive divergence. I guess market is going to have a good rebound soon. As posted during weekend forum, I mentioned twice that there is going to be a lower low within 2-month. This lower low still has more room further down during next few weeks. As usual, I will p...

Bullish signals that bears should be watching out for.

Short-term (for next week): the direction seems to be unclear, but I'm slightly bullish. Even though market closed in red on Friday, NYMO was closed in green. Also, MACD crossed above.

Medium-term (within 2-month): it seems like there are more on the downside according to my MT signals.

FYI.

Mid-term: Lower low within 2-month???