Cobra's Market View

Coolbizone finally posted his SPX count
edit, adding his text
"SPX most likely this correction is over. Moving towards new ATHs, needs confirmation by closing over 2836. (Its early to call ,may OR may not go slightly lower yet ?) At 2795.12 now."

MrMiyagi wrote:WHERE IS OUR BABY JANET!!! HELP US BABY JANET!!!

collecting her belongings .. for her new job on Monday .. and martini lunch send off.. https://www.zerohedge.com/news/2018-02- ... ion-monday

Around 11 today exceeded VWAP for about five minutes. At 12:30 exceeded VWAP for about 30 seconds. Back to my analogy of whales surfacing to breathe. Diving down to retest the low, maybe this time we get the double bottom, or maybe Cobra's downside target.

now let's see if bulls can make a higher low.

fehro wrote:...collecting her belongings .. for her new job on Monday .. ....https://www.zerohedge.com/news/2018-02- ... ion-monday

WOW no vacation
thanks

Well it looks like it is going to get ugly .

Coolbizone staying with his program
"added moreat 2783.50, Av. long at 2785.50 now. Stop at 2781.50"

1 hour opening range low has been a sticky area all day. ES 2789.25.

Trades with cats wrote:Coolbizone staying with his program
"added moreat 2783.50, Av. long at 2785.50 now. Stop at 2781.50"

Oh shiteballs he’s averaging down
Keep us posted
thanks

Al_Dente wrote:

Al_Dente wrote:NY declining stocks = 8.02 x advancing stocks
NY declining volume = 5.81 x advancing volume.......

NY declining stocks = 5.8 x advancing stocks
NY declining volume = 5.0 x advancing volume

NY declining stocks = 6.8 x advancing stocks
NY declining volume = 6.4 x advancing volume

VIX is up +13%
UVXY is up +21%

There arn't many around like coolbizone that let you watch over their shoulder with 20 contact lots. My guess is he is 30 to 40 contracts into this trade.

“…the headlines of what is alleged within 'the memo' appears to have spooked stocks, legging The Dow to new lows, down 400pts...”
[Bullshit, they’ve been yapping about that memo for weeks]

Trades with cats wrote:There arn't many around like coolbizone that let you watch over their shoulder with 20 contact lots. My guess is he is 30 to 40 contracts into this trade.

I think he is out of the trade now..ES is below 2781 right now..

Trades with cats wrote:There arn't many around like coolbizone that let you watch over their shoulder with 20 contact lots. My guess is he is 30 to 40 contracts into this trade.

thanks boss
I just tuned in: he said he just got stopped out
https://twitter.com/coolbizone

OY

Note to any newer traders out there. Here is a quote from a long term pro- he always honors his stops.
Coolbizone "Trade was stopped, price action is still weak. Good for now. -4"

Here’s what it looked like from my end
(But then, I’m a trend follower, with eyeballs glued looking for higher lows)
The only thing that long trade had going for it (from my view) was a pos diverg on momentum, which failed.
I really respect him because:
1) he’s got balls
2) he posts his trades
3) he honors his stop
1min

those weeklies..are topping candles.. fwiw "railroad tracks"

Both he and Pretzel Logic use Elliot Wave, more or less, to call market turns in advance, sometimes weeks and months in advance. Both are very clear about being wrong or uncertain and have spent years working on their craft.