Cobra's Market View

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not sure if pullback will be bought again or not, wait and see.

members only update starts here: http://www.cobrasmarketview.com/2017/07 ... ay-update/

GM

Key for today - no(updated)

As per yesterday.. looking for gap. .got 11 point gap.. opening at 2421ish - SPX 5m chart from yesterday .. in 15m to see farther back.. mind all the red lines. and cyan horiz level.. could bounce from open. and make yet another triangle... 2417 very key.. 50d 2413ish.. so pretty sure that'll get tagged today.. that goes then 2405.. next cyan... then 2387-83 open gap.. fwiw

200d SPX 2296... for just pure ugliness .. .

buckle up.. AAPL breaks here .. be VERY careful.. "could" see very sharp drop! = bye bye indexes

getting uglier

sorry but I will buy monkey again, + div pretty clear, still beleive in the bull

Wallstreetrader wrote:sorry but I will buy monkey again, + div pretty clear, still beleive in the bull

possible bounce area.. 50d.. soo close 2413.70ish.. just 4 points lower

Potential SPY “Roof” pattern
http://thepatternsite.com/roof.html
Breaks down 83% of the time
“Wait for confirmation.”

Al_Dente wrote:Potential SPY “Roof” pattern
http://thepatternsite.com/roof.html
Breaks down 83% of the time
“Wait for confirmation.”

76roof.png.png

nice!

July
[Almanac]
“Over the last 21 years the market’s performance in July has been mixed. July’s performance tends to either be quite hot (gains in excess of 3%) or rather frigid (losses of 3% or more). Over this time period July is DJIA’s and S&P 500 sixth best performing month of the year. July is the 7th best month for Russell 1000, 4th worst for NASDAQ and the worst for Russell 2000. Average performance ranges from a loss of 1.1% for Russell 2000 to a 0.9% gain by DJIA.
Based upon the chart … July opens strongly, but then generally goes nowhere until the eighth trading day when a mid-month rally begins. This rally then ends around the thirteenth trading day. At which time, the trend becomes lower to sideways. When comparing gains made on the first trading day to full-month performance, S&P 500, Russell 1000 and Russell 2000 are all lower on the last trading day. DJIA and NASDAQ only add modestly to first trading day gains. Even though full-month July performance is broadly positive, it was all (or the majority) the result of first trading day gains. This is why we consider July to be one of the “Worst Four Months” (July to October) of the year.”

QQQ hourly

maybe now it's safe to say this bear shall have legs?

market is here....

NYSE and Naz UP/DOWN vol is hitting its most bearish reading of the day.

AD bear all morning.
Can it stay grizzly... or give it back?

fehro wrote:

Al_Dente wrote:Potential SPY “Roof” pattern
http://thepatternsite.com/roof.html
Breaks down 83% of the time
“Wait for confirmation.”

nice!

EWG, SMH hod

Most sectors still in the lower half of daily range.

NYSE UP-ticks highest reading <400
DOWN-ticks lowest reading >800

Naz advancers still <700... very anemic.