Cobra's Market View

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double bottom or not, wait and see.

members only update starts here: http://www.cobrasmarketview.com/2017/08 ... ay-update/

Will be back at end of the day vix +38% omg !!!
"Strike plan 'ready within days"
by CNN

SPX 50d zoo close 2448.50ish.. looking for 2450ish…. may stall bounce here. .not sure..

Stepping back and looking at the larger picture all that low volume overnight gap and go growth is looking pretty weak. Don't see any convincing volume until 2435 or so.

Those are monthly pivots. No idea if they are helpful or not. But the color banding around the central pivot zone is directly related to the volume profile story.

OEX sorted by biggest reds today

If you are flying with Small Cap Airlines please keep your seat belt fastened at all times as we are hitting 5 handle air pockets!

[quote="Wallstreetrader"
by CNN[/quote]

need a better news source…

fehro wrote:[quote="Wallstreetrader"
by CNN

need a better news source… [/quote]

spiritual green light from good to nuke nk do you need source ?

btw in these crazy days who trade it ?

NOT THE REGULAR HEAT MAP
This one is all ETFs
INCLUDING THE INVERSE ETFs

RUT

VIX at 14
up >26%

ES Average Daily Range (20 day) 10.5
TF Average Daily Range (20 day) 12.7
So both are "limit" down" from the open. In the six months or so I have been using this indicator I have not seen a day that closed outside of it. Last week ES went below by about five handles, but came back before the close.
Not forecasting that the low for the day is in, just saying a lower low would be unusual. However with the VIX doing what it is could be some potential hedge fund margin calls coming, in which case all bets are off on normal behavior.

If I had the time would love to run stats on days when the funds were puking up a lung, er I mean reducing leverage.

(dax)longs reopen again, before next drop will stay a little more time on these...
Dax is crazy
*major trend is bear
Not recommended for heart sufferers

Trades with cats wrote:ES Average Daily Range (20 day) 10.5
TF Average Daily Range (20 day) 12.7
So both are "limit" down" from the open. In the six months or so I have been using this indicator I have not seen a day that closed outside of it. Last week ES went below by about five handles, but came back before the close.
Not forecasting that the low for the day is in, just saying a lower low would be unusual. However with the VIX doing what it is could be some potential hedge fund margin calls coming, in which case all bets are off on normal behavior.

If I had the time would love to run stats on days when the funds were puking up a lung, er I mean reducing leverage.

yes, bulls should test water at these levels...

At 10:06 am ET
NY TICK hit -1000 before it bounced
That’s extreme in my book

brokebybernacke2 wrote:

Trades with cats wrote:ES Average Daily Range (20 day) 10.5
TF Average Daily Range (20 day) 12.7
So both are "limit" down" from the open. In the six months or so I have been using this indicator I have not seen a day that closed outside of it. Last week ES went below by about five handles, but came back before the close.
Not forecasting that the low for the day is in, just saying a lower low would be unusual. However with the VIX doing what it is could be some potential hedge fund margin calls coming, in which case all bets are off on normal behavior.

If I had the time would love to run stats on days when the funds were puking up a lung, er I mean reducing leverage.

yes, bulls should test water at these levels...

gotta get above 2460 for starters...

Bear still strong
I need it to hold above 2x
NY declining stocks = 4.4 x advancing stocks
NY declining volume = 2.8 x advancing volume

Nasdaq declining stocks = 3.1 x advancing stocks
Nasdaq declining volume = 2.7 x advancing volume

add AD chart

Half hour to go then those negative Europeans go home and we are clear to begin the upwards New York drift!