Cobra's Market View

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double bottom or not, wait and see. it's a little small so even it is double bottom, it might be just a temporary bottom.

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

SPX gap fill from July… nibble long.. possible upside 50d SMA not sure.. more likely doji tight range?- Fryday .. fry those options .. decay.. .. if not lower trends

/ES undercuts yLOD.. blows out stops.. support possible here…

nibble 2423.00 long SPX

dax update daily doing a small IHS last right shoulder 50% done will see...

fehro wrote:nibble 2423.00 long SPX

stopped out .. a tad too early.. will try again..

ok

fehro wrote:

fehro wrote:nibble 2423.00 long SPX

stopped out .. a tad too early.. will try again..

try again hope not to get Fry'd

SPX 2408.. line in the sand.. 18 month uptrend from Feb 2016 lows.. it goes.. look for a waterfall event…. so key

maybe the rebound would be sold? just maybe. I still have no confidences in bears.

Indexes still weak.. SPY IWM have gap fill issues.. struggle to fill morning gaps.. it's all QQQs Bonds back off VIXes red

fehro wrote:Indexes still weak.. SPY IWM have gap fill issues.. struggle to fill morning gaps.. it's all QQQs Bonds back off VIXes red

very interesting afternoon/close ahead..multiweek close at lows possible (strong sell), but with some bullish divergence possible too(reverse?). a landslide into close would help clarify,plz

mind the possible hammers on the index dailies.. . .bulls want/need them… way way to early in the day.. something to watch near the close..

lower lows on the cash
no lower lows on the INVERTED volatility (green arrows)
Options traders are not as bearish as spy and iwm........ at the moment.......

fehro wrote:

fehro wrote:

fehro wrote:nibble 2423.00 long SPX

stopped out .. a tad too early.. will try again..

try again hope not to get Fry'd

add long.. mind the possible hammers dailies.. coming up… not sure yet

The TICKs appear to be crulling up. Not as brave as fehro to go long though! LOL!

Guess no major funds are blowing up or reducing leverage this morning.

te_fern wrote:The TICKs appear to be crulling up. Not as brave as fehro to go long though! LOL!

Put/Call nears extremes in Equities more so.. rather indexes ……. divg in adv/dec.. but still very negative.. fwiw…