Cobra's Market View

Nage wrote:On QQQ, is that the 3 push up? anyone?

sorry I mean in hourly chart

On QQQ, is that the 3 push up? anyone?

Cobra wrote:

Nage wrote:

Cobra wrote:breakout as expected. here's the target.

new down MM target is about 153.6, is that right? start at 3:05

so two possible targets. we have to wait.

thank you!

Cobra wrote:breakout as expected. here's the target.

new down MM target is about 153.6, is that right? start at 3:05

This price action looks fishy and smells like a Big Bull Trap I'm not buying it ...yet anyway. Scaling into a few SPY puts: :roll: chart: first time seeing use option price to chart the market. interesting. thanks I've found it to be an interesting way to analyze potential price direction. Sometime...

I think these are the few that have not yet been met: March 15th has two pointing up to 156.56/156.7 March 14 has one pointing up to 157.21 Feb 26th has two pointing low to 149.09/149.12 Thanks Nage for keeping better track than I! no you are the P-man. I just happen to find the post note when you ...

toddymc wrote:This price action looks fishy and smells like a Big Bull Trap
I'm not buying it ...yet anyway. Scaling into a few SPY puts: chart:

first time seeing use option price to chart the market. interesting. thanks

MrMiyagi wrote:

812.png

I think these are the few that have not yet been met:
March 15th has two pointing up to 156.56/156.7
March 14 has one pointing up to 157.21
Feb 26th has two pointing low to 149.09/149.12

Cobra wrote:so far weak rebound. but I'll give bulls a little more time.

time is up?! TLT is testing morning high, again.

Cobra wrote:

Nage wrote:
different starting point, same ending position. interesting. thanks

No, descending triangle target was fulfilled way earlier.

100% MM target was just fulfilled (missed a few cents but I count it as fulfilled).

thanks boss

kind like Descending Triangle breakdown, here's the text book target. cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high? because it's descending triangle, not measured move. thanks :roll: :roll: :roll: :roll: 999.png different starting point, same ending position. interest...

Cobra wrote:

Nage wrote:

Cobra wrote:kind like Descending Triangle breakdown, here's the text book target.

cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high?

because it's descending triangle, not measured move.

thanks

Cobra wrote:kind like Descending Triangle breakdown, here's the text book target.

cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high?

MrMiyagi wrote:Last BOT print for the day.

thank you Mr.

BullBear52x wrote:Bottom shoper TLT got a bullish price reversal today. not yet a buy for me, next dip on RSI + price LH will be a go

thank you, am watching it closely the TLT to jump in.

Cobra wrote:still expect a pullback here though, if cannot make a decisive new low then bears indeed are over again.

if indeed the bull will take over, it will be similar to your 15 min chart on mar 11
which is likely

The Dow has just done its 3rd push up. i know that you have always been watch spx/spy If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE . You need "follow" only once but vote can be done every...

I feel like I'm on fire lately!!...don't know if everyone here knows Elliott Wave count....I don't post many arrows for direction, just the count, I assume people know EW count...but maybe some don't know?? Let me know if you don't know and I can be more directional.... Pasta does not count EW, but...

kenttown wrote:

Cobra wrote:if I say this is a bump and run reversal top, anyone would laugh at me? as normally I shouldn't do this on a strong uptrend day.

SPY p-bars from yest wouldn't laugh at you

where is the P-bar pointed to?

FAS...hit resistance on broken channel...then attempted to break back in but failed so far.... TraderGirl , nothing on FAS FAZ or XLF but a couple from C and GS; notice the ones from the 20th are at the same time. Mr. Miyagi, you are the master of P-bar. We will call you P-ster going forward! :lol:...