Cobra's Market View

RSI on the SPX 120 min:

Update on SPX daily:

Update:

Support levels on SPX daily:

Ellipses on long term weekly SPX suggest that it's unlikely 2400 will be busted anytime soon.

Udpate:

Support levels:

Ellipses on long term weekly SPX. Of course the index could hover around 2400 for a lengthy period of time without giving the bears more than crumbles ...

Junior Buffett wrote:anyone would short at this level?

We are all waiting for your opinion

Trades with Cats, hysteria rules at the moment. A change will occur in the next few months - as soon as populist movements in the US and Europe are brought down to earth by reality checks.

Overstreched keltner band didn't signal a reversal/sideways move prior to June 2003 ... Don't know what changed. Kelt2.png The three most recent dates given here by Mr. BachNut ... Kelt.png Per earlier post, price is way above upper keltner band. Today's current high is a little more than 2.0% above...

The three most recent dates given here by Mr. BachNut ... Kelt.png Per earlier post, price is way above upper keltner band. Today's current high is a little more than 2.0% above the upper band. Very rare. Last 10 times things got this stretched are as follows: 5/21/13 3/19/12 2/18/11 1/16/04 1/08/04...

Bollinger Bands on SPX daily:

As from where I am sitting I don't see anything like this. Cobra, you in Canada, any storm brewing? Storm.jpg No everything is fine and I start to dream of my yacht again. This time it has to be this one: Very nice, great swimming pool. I imagine you sitting there, drinking tea and hosting the foru...

As from where I am sitting I don't see anything like this. Cobra, you in Canada, any storm brewing?

The Trump rally reminds me of 1998 - no hard facts to support that feeling. Back in 1998 Goldilocks rally was stopped by a sudden fear that swept the market: Russia and the Asian economies might be in trouble. SPX fell 22% (only to recover a few months later). Trump rally has gained 15% so far - at ...

Junior Buffett wrote:

uempel wrote:Most likely a big jump over resistance at the opening

bngh.png

I believe it has already break the red line...next stop will be above 2400...

I posted at 9:24, SPX was not open.

Long term:

Most likely a big jump over resistance at the opening

Update: