Cobra's Market View

triangle consolidation on /es 5min chart. do we continue down from here.. ??

feels like the holiday already began. futures are very light...

hey guys i gotta run. time to go put on the winter tires so i can do some snow rallying ..

good luck to all of you. see u tmrw.

agnosia, would you think going long /cl at this levels? 96.5? yeah that looks like a good level. overall though i would only give this trade a 50/50 probability because of the overhead resistance so u might get a lot of backing and filling. .. i'm gonna see how we close at 2:30. i like that we got ...

Seawaves wrote:bear seems start to retreat?

yeah we have hit bottom.. 50% retrace held again.

goddam bears. respect the turkey gods !

i am stopped out for small gain in /es... on the bleachers for a while.

bam i think i nailed the bottom holding swing long /es here through turkey god comeback all the way to /es 1214..

we bounced perfectly off of the 50% retrace at spx 1184.

agnosia wrote:good job bears. attack during slow august trading month and now a holiday week lol.

i am long 1182.5, stop LOD.

time for the bears to get crushed.. euro is popping come on bulls..

good job bears. attack during slow august trading month and now a holiday week lol.

i am long 1182.5, stop LOD.

whoever shorted from 1292 and hold it until now has become bill gates. I am short @ 1200.25 and still holding :twisted: 8-) what is your target? he's aiming for 61.8% retracement at 1158 aren't u? evil plan. :) hmm think 50% retrace of spx 1292 - 1074 looks like a bounce target ... i am gonna try a...

Dow Trader wrote:

tdo722 wrote:whoever shorted from 1292 and hold it until now has become bill gates.

I am short @ 1200.25 and still holding

what is your target?

agnosia wrote:spx symmetrical triangle breakdown target almost met at spx 1186

also 50% retrace of spx at 1183.5..

that said this selling looks pretty bad. sidelines for me. got stopped out of crude flat.

spx symmetrical triangle breakdown target almost met at spx 1186

CognitiveDissonance wrote:

agnosia wrote:long crude 95.55.. the 200 sma ... lets see if it holds.

Thanks for the floor trader movie links, just finished it - very interesting.

no problem, glad you enjoyed it

long crude 95.55.. the 200 sma ... lets see if it holds.

alvian33 wrote:no rebound, damn it

patience grasshopper we're at the bottom of the channel. i would be very surprised if we don't have a bounce near these levels. first they might take out stops for the morning?

agnosia wrote:morning guys. well not so nice if you're a bull

got some support lines at 1188.5 and 1185.25 /es ..

you can also try to go long on /cl against teh 95.74 gap and also the 200sma near 95.47

morning guys. well not so nice if you're a bull

got some support lines at 1188.5 and 1185.25 /es ..

MrMiyagi wrote:All signs pointing to reversal. If I short SPY then that will for sure turn it around.

yea we have lots of hammer candles on the spx . people are buying the dips for now. lets see where we end though since that is the most important ...

in the end /es will touch the 50sma on the daily chart. now at 1201....it's a magnet drawing everyone in ..

trade accordingly.