Cobra's Market View

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still is triangle, only a little bigger so bias still is up.

members only update starts here: http://www.cobrasmarketview.com/2017/12 ... ay-update/

SPX ran up to just above the first resistance pivot and has pulled back...mind the gap!

TICK looks to be rolling over...

morning hourly black bar.

NUGT down and Gold up this morning, a disconnect??

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As The Yield Curve Crashes To 10 Year Lows, Trader Shows "How To Put On A Steepener"
https://www.zerohedge.com/news/2017-12- ... -steepener


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The latest AAII investor sentiment survey indicates that 50.5% of polled investors are bullish on the market, meaning they expect prices will be higher in six months. That’s the highest level in nearly two years, and significantly above the 38.5% historical average. The number of bullish investors has gone up by 5.5 percentage points in the last week alone, while the percentage of bearish investors has dropped to 25.6%, down 2.5 percentage points over the last week.

Optimism has gotten so high that cash balances for Charles Schwab clients reached their lowest level on record in the third quarter, according to Morgan Stanley, which wrote that retail investors “can’t stay away.” The investment bank noted a similar trend in institutional investors, who it wrote were “loading the boat on risk,” with “long/short net and gross leverage as high as we have ever seen it.”

https://www.marketwatch.com/story/stock ... 2017-12-27

BTC 4hr ETH 60m fwiw

well, guess that's it for today. Friday tomorrow has been mixed. 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