Cobra's Market View

SPX just hit my ideal target so I shorted it just now 2857.

SPX hit my minimum upside target of 2830-2855-ish. I'll look for a setup to begin shorting the SPX again.

Glad I ended my SPX short yesterday afternoon. My best guess? Think we rally to 2830-2855-ish before market reverses and heads below yesterday's lows.

I've been 100% short SPX since May 7. At end of trading Friday, I banked profit and cut position to 40% short SPX. 60% sidelines.
Today, I just went 100% sideline cash. Will watch from sidelines tommorow.

I've been 100% short SPX since May 7. At end of trading yesterday, I banked profit and cut position to 40% short SPX. 60% sidelines. I'm not ready to play a bounce... yet. The Oct-Dec move down had significant higher volume than this down move. Not much fear...yet. That makes me believe, we'll move ...

Think it will close around 280.15.

What does it mean when the Dow goes down for the 8th strait day, the day after the NDX makes an All Time High? I'm pretty sure that's never happened before. This is an excellent question, and even now probability-based Algos are rummaging around in that, and some other odd disparities, for clues. A...

What does it mean when the Dow goes down for the 8th strait day, the day after the NDX makes an All Time High?
I'm pretty sure that's never happened before.

Bias down for a few days. Just completed "B wave flat" up, of (A (ABC ) wave down )of larger E wave in the Triangle which as been unfolding since the ATH' . Now, about to go into a C wave down followed by one wave UP (B of ABC of E Triangle) then a final (C of ABC of E Triangle) push towa...

My multi-day S&P down targets are 2564 and 2521. ( Since I use S&P and not the SPY, I'm not sure how my targets equate) E waves of descending triangles are notorious for "undershooting or overshooting" the trend lines. So I'll stay short into the close. Before reaching my targets I...

Like I said yesterday, 2664 is line in the sand.

Bias down for a few days. Just completed "B wave flat" up, of (A (ABC ) wave down )of larger E wave in the Triangle which as been unfolding since the ATH' . Now, about to go into a C wave down followed by one wave UP (B of ABC of E Triangle) then a final (C of ABC of E Triangle) push towar...

I see 2664 as the line. I don't see the bulls giving it up today. A drop below 2664 would signal we go down relatively fast.

Looking like, as Ferho suggested, Friday's close is a very real possibility. Even if a little of that gap is left open it will, as has been said, make a really great Doji on the weekly. Even the worst pension fund manager should be able to read that in time for month end re-balancing. Very bearish ...

fehro wrote:SPX at VERY key support.. we sideways all day.. look to a big gap on Monday

Another reason 2665 is Very key support? Any penatration below 2665 invalidates an Eliott Wave impulse wave up from the early April lows.

Trades with cats wrote:Pretty clear that tech companies are wasting money on buybacks. Much more effective to just testify in congress.

lol...You got that right Cat. Congressional testimony is like a Facebook infomercial.

What happens if American and Russian missiles start flying in Syria?

fehro wrote:mind the gaps yellow lines key for bears and bulls SPX 5m

More Gaps then a hillbilly smile...Go floss that tooth.