Cobra's Market View

I don't post any more but thought it would be good to put out this warning to you all

Merry Christmas
or
Happy Holidays everyone

Maybe we're on a third push up?

Had to go run an errand and came back to this while short!



Trying to get a read on what's happening but no success. I'll look at it overnight and decide tomorrow.

I mean it looks overbought but it has looked like this for a while.

/ES new high!

Relevant lines for today

(In case this market goes anywhere)

There is no catalyst for the market to move.

(some) Breadths are making new highs

Relevant Lines today:

R2, R1, Yesterday's High, Pivot, S1, Yesterday's Low

relevant lines.

Previous day's high is tucked right under R1 and previous day's low is right under S1

Coldcold wrote:Again? Gap down then up and up?

It's gold that has me confused.

Cobra wrote: Monday has been a ...

I had no idea it was Friday

Lines for today

Just checking in. When I haven't been slammed with things to do, I have been knocked down by some sort of bug that put me out. I never got really sick but I lost all energy and could barely function. I woke up in the middle of the night the other night and realized I felt better. I have no idea what...

FYI, OIL

QED wrote:

Out of Bounds wrote:

Cobra wrote:now is it safe to say this time bears may have 2nd leg?

It never is when I say it.

OOB, do you have an exit target in mind? Thanks!

I really anticipate a longer term move to 2125 (/es)

Cobra wrote:now is it safe to say this time bears may have 2nd leg?

It never is when I say it.

Holding my short overnight was a mistake. I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO. Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs. Holding ES short? Ye...

Holding my short overnight was a mistake.
I thought I saw some weakening but that turned out to be very wrong. I was just too early IMO.

Still holding to see how this develops through the day as I think the bull is due to falter but new highs often just generate more new highs.

Holding my short overnight