Cobra's Market View

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testing ema20, might be rejected...

members only update starts here: http://www.cobrasmarketview.com/2018/03 ... ay-update/

double top spy, down towards 269,
EH has nice bear flag on 60mins overnight.....

from Twitter this morning, so watch out!
BREAKING: @realDonaldTrump will speak LIVE shortly after 3pET during @ClamanCountdown He will take a few questions, no doubt his answers *could* move stocks if he talks #trade #tariffs TUNE IN NOW @FoxBusiness

gaps not pretty… buckle up… testing yLOD resistance.. gap downs… mind the SPX 20d 2700.00 it goes.. look for a possible very large range day down.

Nice view of Cohen resignation.
This is the market view of a Chicago based broker/trader using price action not indicators.

Perfect, now can short even more.

Yields falling up, do not see how equities do not get crushed today.

Targets from FT71 s morning briefing. Bull run 2715, 2719 then back to scene of the crime , 2725. Bear run up to 2715 then down to 2674, then 2645 Friday's low. FWIW

mind AAPLS H&S 174.25 neckline key… 60m.. breaks look for -$8.25 drop… 20d/50d key 171ish confluence.. it goes.. then gap 169-167ish

it's morning hourly hollow red.

Coobizone has tweeted that he is looking at an ES head and shoulder, sitting short looking for 2681.25. Yesterday morning he went short 20 cars before the open with a resting order to cover at 2711.25. Nice start to his morning! Yes he tweeted his account statement so we could see he really did get the low.

Surprising squeeze on smalls brings TNA within 25cents of the “V” formation target
Near enough to call “target met”
oy
15m

TNA HOD 73.22
That “target” is now a POTENTIAL double top, bust thru that (convincingly) will trigger more short covering and a massive-measured move up
Breakdown at POTENTIAL double top and gravity takes hold, at least temporarily.........

Another nice thing about the smalls, the rest of the world doesn't trade them so things are pretty much a US regular hours only show. Makes it easier to sleep at night if you are holding! If only the volume would pick up a little, the lack of liquidity is scary unless you play swings, in my opinion.

Al_Dente wrote:TNA HOD 73.22
That “target” is now a POTENTIAL double top, bust thru that (convincingly) will trigger more short covering and a massive-measured move up
Breakdown at POTENTIAL double top and gravity takes hold, at least temporarily.........

Kinda expected something when the big headline this morning before the open on Zero hedge was "The last Jedi has fallen".
Now they have old Wilbur out there in a reporter scrum claiming they aren't going to blow up the world financially. I am sure the Hover administration said the same thing.

Trades with cats wrote:

Al_Dente wrote:TNA HOD 73.22
That “target” is now a POTENTIAL double top, bust thru that (convincingly) will trigger more short covering and a massive-measured move up
Breakdown at POTENTIAL double top and gravity takes hold, at least temporarily.........

Kinda expected something when the big headline this morning before the open on Zero hedge was "The last Jedi has fallen".
Now they have old Wilbur out there in a reporter scrum claiming they aren't going to blow up the world financially. I am sure the Hover administration said the same thing.

shocked the hell outta me; white knuckle all the way

Same 15min chart
Just visually, the chart of smalls (on top) vs spx (on bottom) is startling in its divergence
Does one or the other have to catch up/catch down. No, they don’t “have to” do nothin’
NYUPV (middle) in this chart is the old Bloomberg “closing barometer” that I’ve tweaked a bit. Recall that institutions trade EOD which tends to “predict” their preference for next day. Recall I wanted EOD volume above/below the line to show institutional conviction/no conviction for next day.
So far, so good…......

Al_Dente wrote:

Trades with cats wrote:

Al_Dente wrote:TNA HOD 73.22
That “target” is now a POTENTIAL double top, bust thru that (convincingly) will trigger more short covering and a massive-measured move up
Breakdown at POTENTIAL double top and gravity takes hold, at least temporarily.........

Kinda expected something when the big headline this morning before the open on Zero hedge was "The last Jedi has fallen".
Now they have old Wilbur out there in a reporter scrum claiming they aren't going to blow up the world financially. I am sure the Hover administration said the same thing.

shocked the hell outta me; white knuckle all the way

Do either yourself or Cats look at the RTY futures in CME globex?
During usa day hours the smalls have been leading spy and qqq for past few days
the emini options mart is a big adventure....could not believe the gift i was given by our administration last night

Im watching and wondering if i am greater fool by holding some small shorts (most out last night).....

tim-follows wrote:

Al_Dente wrote:

Trades with cats wrote:

Al_Dente wrote:TNA HOD 73.22
That “target” is now a POTENTIAL double top, bust thru that (convincingly) will trigger more short covering and a massive-measured move up
Breakdown at POTENTIAL double top and gravity takes hold, at least temporarily.........

Kinda expected something when the big headline this morning before the open on Zero hedge was "The last Jedi has fallen".
Now they have old Wilbur out there in a reporter scrum claiming they aren't going to blow up the world financially. I am sure the Hover administration said the same thing.

shocked the hell outta me; white knuckle all the way

Do either yourself or Cats look at the RTY futures in CME globex?
During usa day hours the smalls have been leading spy and qqq for past few days
the emini options mart is a big adventure....could not believe the gift i was given by our administration last night
Im watching and wondering if i am greater fool by holding some small shorts (most out last night).....

i trade cash, leveraged
cats trades futures
re: "greater fool" small shorts. they are sooooo overbought (intraday), they gotta correct (soon?) but the recent pullbacks have been sooooo brief

Off topic:
I saw Oscar’s Best Picture “The Shape of Water” last night
Sorry, I can’t recommend it
Ugh