Cobra's Market View

Posted this chart yesterday and here it is again:

Checking out a SPX 60 min chart. I'm in the bullish camp, but most likely SPX 2400 is a stopover before the rally resumes.

Bullish Percentages still positive/neutral:

http://stockcharts.com/freecharts/candl ... ,$BPENER|B|

SPX very close to the previous closing high at 2395.96 on March 1st:

Tough resistance up at SPX 2400

I posted the same message twice ...

This is UBS TA by Michael Riesner, it does not represent the UBS house view (which is based on fundamentals).

Not sure if this is the Trump rally or the Macron rally ... sss.png Thanks, uempel. If MA55 is your buy signal, then what is your sell signal ? It's not "my" buy or sell signal, I know that traders watch it closely. As to a sell signal, it depends on what your objective is. On the short t...

Not sure if this is the Trump rally or the Macron rally ... sss.png Thanks, uempel. If MA55 is your buy signal, then what is your sell signal ? It's not "my" buy or sell signal, I know that traders watch it closely. As to a sell signal, it depends on what your objective is. On the short t...

Not sure if this is the Trump rally or the Macron rally ...

BPs look quite good:

http://stockcharts.com/freecharts/candl ... ,$BPENER|B|

After the incident two weeks ago: in spite of having dragged a passenger thru the aisle United has made a comeback (at least its equity has...). I wouldn't have thought

SPX looks bullish to me (as long as it doesn't sink back below the blue trend line this week):

Update on SPX daily Trump-Rally-Chart:

My negativity not confirmed by the market: ual3.png A further look at UAL (120 min). I doubt the stock can hold today's low these next few days/weeks. Immense loss of reputation won't be easy to fix. UAL2.png This UAL chart doesn't need a comment - and we all know that it's well deserved: UAL.png

MrMiyagi wrote:SPY mercilessly pounded by the declining 20ema all morning long. No economic data today to give a lending hand.

Losing MA 55 triggered sell signals. Remember the report you sent me when SPX was down at 2326 ...

A further look at UAL (120 min). I doubt the stock can hold today's low these next few days/weeks. Immense loss of reputation won't be easy to fix.

uempel wrote:This UAL chart doesn't need a comment - and we all know that it's well deserved:

The attachment UAL.png is no longer available

This UAL chart doesn't need a comment - and we all know that it's well deserved:

Significance of MA 55 and EMA 55 on SPX daily:

This doesn't look good for bulls (unless it's a trap and SPX doesn't stay down into the close). A break of MA 55 into the close is significant. I'll post a different chart later on.

Not very helpful for anybody who wants to play SPY or ES today

uempel wrote:In the next few days there should be a move here. My best guess is that politics will move the needle.

jA.png