Cobra's Market View

by the way, ES is telling different story, either this is a bear flag in the forming, or we breakdown right from here. anyway, I mean I'm not trading the reverses up here. Did you mean to say ANd we break down from here? Instead of Or we break down from here :?: it's "OR". I meant either ...

Bank strategists called for a possible short-term top at the end of last week. As far as I can tell from charts, there is no obvious sign of strong reversal from here yet for short-term play.

To Cobra and all..I agree.Thanks Cobra for the great work thanks. it reminds me that i must make all my comments clearly, so not a bad suggestion at all, really. by the way, i'm typing in my bath room (believe or not :mrgreen: ). Snake in the bathroom??? Um....... I think I am going to call Animal ...

Even Market Analysts (not those Equity Analysts) working at large financial institutions make immature/bad calls sometimes. Look, they get paid by their firm with high salary + bonus; while we get it for free from Cobra. Like alvian33 said, he rocks.

Does anybody know what is wrong with CZM/CZI (direxion daily china bull/bear 3x shares) today? Thx.

Among other short-term signals, below chart convinced me that this oversold rallying will last longer than a day or two. It is taken off from the base built up for quite sometimes. Besides, none of my signals is showing any big selloff from here (except medium-term ones).

I believe this oversold rally will last until middle of next week. It is picking up momentum at this moment.

Purely looking at candle stick chart, there is a similiar pattern to indicate an oversold rally.

Going forward, are market breadth indicators no longer working on intraday charts on stockcharts? Anyone having any idea?

ok, breakout as I said. here's 100% measured move target. I've only been watching you for a few weeks, but from what I've seen, you are absolutely ridiculous at analyzing the market. Do you put any weight to what the VWAP is doing? Nice call yet again! Cobra's view of market analysis is not perfect...

Pink line on Cobra's 5min isn't falling, 52-wk new high stocks suddenly pull back big and VIX seems to form positive divergence. Is up-trend losing momentum?

Look like the market is about to break down due to trend reversal signal???

Can anyone explain why CZI (China Bear 3x ETF) is going up, despite strong rally of global market? Is there something negative going on in China?