Cobra's Market View

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double bottom or not, wait and see. I think even it is a double bottom, it might be just a rebound, THE low wasn't in yet.

members only update starts here: http://www.cobrasmarketview.com/2018/02 ... ay-update/

IWM opened at a 20+ day low.
SPY, QQQ did not.

mind those 50d's .. sooo close 2nd gaps down.. not pretty

Overnight/weekend gap down on DIA, SPY and QQQ.

Dip buyers did not have buy the open, They did rush in after 1 minute for a 12 point run but it failed before getting to es2750 the critical pivot from last night's 30 point range 4x volume extraordinary market. Sp waiting for a breakout or down.

Multiple sectors hod. XLP lod.

However, RVX and VXN are well off their lows.

Sectors leading the charge since the Open are mainly financials and broker-dealers, also homebuilders.

Hey, the White House is concerned about the stock market drop - Big D gotchur back!

QQQ has filled the overnight gap. Having a wild ride today.

IWM upcoming clear resistance at the 153.50 area.

If it gets there, I'm watching if it plows thru or is rejected.

Break out, but does it have any legs. 27562.50 ES first target, then 56 and 60.

Daniel wrote:Multiple sectors hod. XLP lod.

However, RVX and VXN are well off their lows.

Sectors leading the charge since the Open are mainly financials and broker-dealers, also homebuilders.

apple up nearly 2% , so goes the big fruit, so goes the...

Daniel wrote:RVX and VXN are well off their lows.

Still true of RVX, but VXN just hit a fresh low.

SPY perf today is being hurt by the energy component, plus weakness in staples.

IWM fills its overnight gap.

Daniel wrote:IWM upcoming clear resistance at the 153.50 area. If it gets there, I'm watching if it plows thru or is rejected.

IWM is hammering at this level but so far is unable to remain above it.

Nice to see 50cent gridline intervals on Cobra's basic 5min SPY chart, rather than the nickels or dimes we saw there for eons and eons.

rebound may have legs if not the low was in.

Tangling at Friday's low and Sunday night opening print. This area was visited at 4:30 ish this morning then market sold off to test the lows for the second time.

Daniel wrote:

Daniel wrote:RVX and VXN are well off their lows.

Still true of RVX, but VXN just hit a fresh low.

Now RVX has joined in. Fresh LOD.