Cobra's Market View

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double bottom or not, wait and see.

members only update starts here: http://www.cobrasmarketview.com/2017/04 ... ay-update/

We have seen this sort of an opening streek many times. My guess is that the news leak of a second attempt at a health care bill could be part of it with the traders assuming it will somehow help smaller US based companies. Doesn't matter why, the behavior is that the smalls generally do turn up and down in loose synchronization with the ES but the runs are usually cleaner and cover more points. Too bad the volume is very anemic in comparison to the ES.

SPX 50d so close 2343 .. just 9 points lower.. looking for a tag DXY testing 50d SMA vigorously.. over look out above.. oil and gold could see pressure.

a few too many bears Put/Call spikes to extremes this am

http://stockcharts.com/school/doku.php? ... call_ratio

Problem level for da bulls this week, it will be boring, Yawn....

Can not plan a good trade with this inraday sideways.

Show me the money, money is dry up, CMF still above 0 not too bad yet.

sharp pullback here then it's range, consolidation here then bias is up. key time.

Next clockworks, failure is NONO

BullBear52x wrote:Problem level for da bulls this week, it will be boring, Yawn....

FOMC minutes Tomorrow 2:00pm sides way chop.. till then? .. IWM/RUT 5m looks like it's ready to cliff dive.. bear flag triangle in a channel.. weak all day

fehro wrote:

BullBear52x wrote:Problem level for da bulls this week, it will be boring, Yawn....

FOMC minutes Tomorrow 2:00pm sides way chop.. till then? .. IWM/RUT 5m looks like it's ready to cliff dive.. bear flag triangle in a channel.. weak all day

dive dive..

Ticks, 5 minutes, 20 days
The NY cumulative TICK and the Nasdaq cumulative TICKQ are diverging

The buy is down here, this is when TSI comes in handy

no sharp pullback, bias is up.

IWM 15 min
Will IWM take the opportunity to double bottom here?
If it busts it will trigger plenty of stops

Al_Dente wrote:IWM 15 min
Will IWM take the opportunity to double bottom here?
If it busts it will trigger plenty of stops

The attachment 44fifteen.png.png is no longer available

Mid term buy dip, failed here you know the routine, HL opportunity right here or.....Faulk

AD
Intraday bears had the ball this morning, gave it up, now trying to get it back
They are not trying hard enough yet, with this wussie profile:
NY declining stocks = 1.3 x advancing stocks
NY declining volume = 1.2 x advancing volume