Cobra's Market View

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seems a down price chancel is in the making.

members only update starts here: http://www.cobrasmarketview.com/2016/12 ... ay-update/

Now that is an ugly opening range.

SPX up, VIX up mind the 2250d 20d.. goes.. look for a deeper pullback

Can't think that we are re-running Monday with half hour waves of selling so I must have a bad case of recency bias

Overnight gap up. Quickly filled.

Dow 30 relatively quiet.

SPX 60m.. possible support as VIX hits 50d/20w SMAs at 13.97/14.00

ES and NQ catching their breath

time for some new friends FB daily

VIX nears 200d 14.33 now >20d/20w/50d SPX 20d 2249.66 resistance for a bounce

UUP/dollar posting a multiday low, and completing an island reversal of the mid-December gap up.

Many dollar bulls trapped on that island.

INDEX <20D SMA except INDU

If you were a trading firm needing to square up at year end would you get the job done and then go home at lunch time (OK start drinking at lunch)?

Daniel wrote:UUP/dollar posting a multiday low, and completing an island reversal of the mid-December gap up.

Many dollar bulls trapped on that island.

DXY testing 20d SMA, and break out range.. has a little more downside.. but holds.. look out above.

Weekly candles outside reversals, SPY, DIA, QQQ, hours till close.. but not pretty fwiw

testing 15 min ema20, let's see any sellers here.

We’ve posted many times on the GDOW due to its reliable conformity to technical charting tools, despite the fact that very little money is traded off of it. Additionally, we have found it to be an accurate barometer of the state of the global equity market. Specifically, the GDOW is an equally-weighted index of 150 of the world’s largest stocks. While this includes U.S.-based companies, its heavy dose of international exposure has led to its aforementioned position below its all-time high.

Furthermore, it is currently running into potential resistance in the form of its post-2007 Down trendline connecting the 2007, 2014 and 2015 tops.
source:
http://www.zerohedge.com/news/2016-12-3 ... to+zero%29