Cobra's Market View

At the very best, bulls should expect absolutely no help from Powell tomorrow.

ES 09-18 (2000 Tick) 2018_08_23 (10_54_31 AM).png Nice wick on the high bar to kiss ES 2861.50, the VWAP line then fades back to the lower trend line. Text book. Very nervous about going short here. Since Euro zone close volume went away it is a dull market. With the big speech on deck for tomorrow...

Cobra wrote:decisive breakout so at least this bull may still have legs if not an uptrend day.

Heck, let me try this again.
On the other hand, if it moves below 286.85 look for it to drop to fill the gap (today or early tomorrow).

Clueless wrote:

Cobra wrote:bias still is up. today could be an uptrend day.

On the other hand, I believe if it drops below 286.55, bears will have control and take it down to fill the gap.

Oops!

Cobra wrote:bias still is up. today could be an uptrend day.

On the other hand, I believe if it drops below 286.55, bears will have control and take it down to fill the gap.

TICKs are, not surprisingly, supporting the rise in prices this morning... How do you get your TICK charts to look like that? Is it just on the platform you use? It looks different from the standard TICK chart, and also has different values. I'm using the Stockcharts platform. I made TICKs an indic...

te_fern wrote:TICKs are, not surprisingly, supporting the rise in prices this morning...

How do you get your TICK charts to look like that? Is it just on the platform you use? It looks different from the standard TICK chart, and also has different values.

With the way things are going, very soon the market will be called iMarket.

Please help.
Is it better for me to just go to the casino?

Trades with cats wrote:News feed says White House hoping to cut a deal, will review sanctions on Turkey if pastor released.

I say we will see if market is with CNN (it's all about Turkey) or twitter feed (it's all about China).

I guarantee you Trump did not get that memo!

1der wrote:

brokebybernacke2 wrote:

Al_Dente wrote:GDX is down -5.26% today

gold is toast long term imho. green line possible GLD/< 700 spot.

Who needs Gold (it is sooooo yesterday) when you can have Crypto!

Don't let Peter Schiff hear that. Hope he is still alive.

Expect the market to drop the last 2 hours of today, tomorrow and especially Friday. I don't see folks holding overnight and especially going into the weekend. So we might see a flush the last 2hours on Friday as a result of panic selling. This will be as a result of Trump's unpredictability and the...

Bears are annoyingly very weak. You just don't see the smooth price action with bears like you see when bulls are in control. When it comes to bears, it is always back-and-fill. Rarely do you see a smooth steady drop on bearish days like you see on bullish days. Bearish days are constantly being int...

Trades with cats wrote:

ES 09-18 (2000 Tick) 2018_08_03 (12_14_53 PM).png

San Francisco sounds great. The smoke has knocked the temps down from what should have been 104 to 98. Humidity staying good at 17%.

Nice way to keep cool. Just smoke the place! I hope oven-Arizona is listening.

. I leave P-Bars and open gaps on my charts until they get hit/filled. . That means you have them going back to March 2009 when the market bottomed. I noticed that the P-Bars are usually gap points or support/resistance levels on the daily chart. Any others are usually meaningless. A "Clueless...

. I leave P-Bars and open gaps on my charts until they get hit/filled. . That means you have them going back to March 2009 when the market bottomed. I noticed that the P-Bars are usually gap points or support/resistance levels on the daily chart (or any timeframe). Any others are usually meaningless.

All the PBars from last night and especially the ones from the morning Pbars, all hit and identified turning points for today. The green lines are the ones from this morning, and the lowest green line is from yesterday morning. 2018-08-01_11-40-17.jpg Broda, I like the post, but how do I use it? Pu...

ES 09-18 (2000 Tick) 2018_07_31 (7_48_10 AM).png If you were wondering what that was that rocked the markets about 8 minutes before the open (and messed up my feeble attempts at trend lines) it was Bloomberg claiming China and the US want to restart trade talks and avoid a disaster. Alistar posed o...

Al_Dente wrote:Frontrunning ahead of earnings tonight
FB
ATH

So it is going to drop after earnings. But in the unlike event that it gaps up, it will be a gap-and-dump.

The TICKs appear to be struggling at their MA lines..... Based on your chart, the TICKs are forming bear flags and rolling over. We could see a major decline in the TICKs if they go below their lows from yesterday. But then again, they could move below their yesterday's lows as bear traps only to r...