Cobra's Market View

SPX Triangles ideas not in a good shape

DJ600 EUROXX BANK INDEX: potential bottoming pattern

SPX: Something different

We know that if 1226.64 is breached the Triangle is dead

Below an alt count which calls for an ED wave (C) of (B)

This triangle if it is the correct one it will be a bullish trap.

It would delay the resumption of the up trend since it would need a wave (C) down first

It looks like that US equity it is taking a breather waiting for a bottom of the EUR and EU Equity

It would be nice and a buying opportunity if the count below is the correct one

Within the Triangle wave (B) option

This move is not the good one yet since it is corrective

Maybe wave (B) of (E)