Cobra's Market View

brokebybernacke2 wrote:

fehro wrote:

fehro wrote:buckle up.. don't like indexes look…. careful of a huge shocking down move

those dailies.. pure ugliness if they close near here

need a huge shock for a huge shocking move....

Yellen calls for a "safe space" for the indexes.. no shorting allowed.

fehro wrote:

brokebybernacke2 wrote:

fehro wrote:

fehro wrote:buckle up.. don't like indexes look…. careful of a huge shocking down move

those dailies.. pure ugliness if they close near here

need a huge shock for a huge shocking move....

Yellen calls for a "safe space" for the indexes.. no shorting allowed.

what is "shorting"?
Vice President Mile Pence is cutting short his trip to Latin America so he can join the president at a meeting about North Korea. The White House announced Wednesday that Pence would travel to Camp David with the president on Friday to meet with the White House national security team to discuss South Asia strategy.

Interesting but GRAIN OF SALT bubble charts
Because:
1) If I had a dollar every time margin debt signaled a short, I would not be a rich person
2) Historically when opaque China looks like trouble, they like to tinker and change stuff, and poooof, everything’s fine
3) Historically, bubbles take longer than you expect to pop
http://www.zerohedge.com/news/2017-08-1 ... e-blinders

Today sure looks like a double top and drop to the middle of the range. Going to need something strong to break out of this range!
Had to reload, couldn't read the difference between 1,000 and 10,000 tick in JPEG name

Al_Dente wrote:HAPPY HOUR

LOL!!!!!!

RUT nears 200d SMA again 1373.5 .. it goes look to 1350 range.. 2017 lows.. horiz support… that goes.. very fast trip to 1250

Weekly RUT

Market turn to buy mode ?
I was short but with an clearly invertedbi jump out ...

Wallstreetrader wrote:Market turn to buy mode ?

\
take a close look at those daily candles… pure ugliness.. look for huge gap down potential tomorrow

well, guess that's it for today. Thursday tomorrow has been generally bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

fehro wrote:

Wallstreetrader wrote:Market turn to buy mode ?

\
take a close look at those daily candles… pure ugliness.. look for huge gap down potential tomorrow

well, for once, think a solid maybe here..

Update on Elliott Wave Gurus-
1st opinion SPX 2479.5 and above count invalidated. Looking for a sharp plunge next week
2nd opinion Market could go either way at this point, back in the channel playing out an expanded flat.

So 1 for down and one for probably sideways, nothing bullish.

why did XLK make an ATH today?

sheeesh, XLK is overweight these: