Cobra's Market View

Just curious, was yesterday an all up day? Stock, Gold, Bond, , Etc

Cobra wrote:mm. I think Fib 61.8% mm is possible.

why IWM so strong?

Today's IWM is strong, any hint?

Cobra wrote:consolidation here still means more down.

Cobra wrote:still not good enough.

since RUT/IWM is strong today, guess we'll breakout finally? too bad I'm on wrong side...

What happen to IWM/RUT last five minute

Cobra wrote:testing yesterday's high, key time.

So if today close in green, will it invalid yesterday's assumption in short term (red today, MDD low will be revisited?)

Cobra wrote:clear 3 push up, let's see how the 3rd push up unfolds first.

oops another P-bar alive?

Finance looks strong? some still green (FAS URE)

Cobra wrote:OR low as support, hopefully some rebound here. so far everything goes as planned.

Yes as planned, close long at morning high...thanks..

Cobra wrote:testing the support. key time. doesn't look good for bulls though as this looks like a continuation pattern.

IWM/$RUT already LL

well, guess that's it for today, stopped right at support leaving everybody guessing tomorrow. Well, good, at least someone will still be interested in reading my crystal ball tonight. Thank you guys, I'll see you tomorrow. Oh, don't eat too much candy, not good for your teeth! Gap support or gap t...

Cobra wrote:volume surge, biggest bar, so could be a little exhaustion, hopefully a pullback of some kind here.

RYT/IWM still half inch away 200 MA, or 8/04 gap, will it catch up too?

Cobra wrote:volume surge, largest bar, hopefully this is an exhaustion bar. bears are over. this shall be at least 2 legged up.

$RUT/IWM lagged? still weak...1% red

nothing to say, looks like the market wants to fill the gap. I have some statistics saying the gap should be filled today, but there're always some exceptions, so we'll have to wait and see. Close green would be very bullish, that's also based on statistics but again, there're some exceptions. :mrg...

Cobra wrote:consolidate above the OR high is good, although I still doubt how high the rebound could go.

IYR/URE green and gap closed, is it good news?

Cobra wrote:still ambiguous here, so let's wait. I'm disappointed in bulls.

guess breakdown is coming, already 3rd or 4th hit HL?
though I wish a breakup...

Cobra wrote:either 3 push up or H&S bottom or C&H (cup with handle, will from now on use C&H). key time. The bias in on the upside though.

$RUT lag?

so today is trend day? flatting then selloff in the afternoon?

green finally...but damage is done to the chart...
and $RUT lag behind a lot

Cobra wrote:wow, if someone told you that the H&S Top target would be reached within 2 days, nobody would believe that but well, we're making the history.

Finally... target reached.... TA still works then..hope market will rest for a while...