Cobra's Market View

Volume surge, I guess we'll rebound here, not sure if there's 3rd leg down.

This daily play-by-play is awesome You've moved to whole new level Cobra!

I am expecting another leg down to the bottom of the rising wedge later today or next week. That is the minimum target. 133.75

+1

pezhead9000 wrote:This daily play-by-play is awesome You've moved to whole new level Cobra!

Or ready to short SPX.

nelsonbelchior wrote:Well i guess almost all the guys here are short, just like me and the market won´t go down

pezhead9000 wrote:This daily play-by-play is awesome You've moved to whole new level Cobra!

Truly so. Thanks, Cobra

"pezhead9000 wrote:
This daily play-by-play is awesome You've moved to whole new level Cobra!"
I agree!!!Congratulations cobra!

Rebound as I said, now let's see how it deals with its first resistance...

Cobra wrote:Rebound as I said, now let's see how it deals with its first resistance...

Kind of a H&S breakout to the downside .....shouldn't break the resistance

My little evil hatched plan usually goes like this, just usually...

By the way, thanks guys, I see more discusstions here. If no discussion for a few more days, I'm afraid I have to go tick by tick. Glad now it seems 5 min chart is enough.

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

if that is the case, more upside next week.

simpletrader wrote:

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

if that is the case, more upside next week.

Yeap, the end of day action tends to extend to the next trading day. If you may recall that yesterday at close I said it's good short setup, go see today's chart, isn't the same short setup carried on at the opening today?

Barring nothing happened over Middle-East or Europe over the weekend.

Cobra wrote:

simpletrader wrote:

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

if that is the case, more upside next week.

Yeap, the end of day action tends to extend to the next trading day. If you may recall that yesterday at close I said it's good short setup, go see today's chart, isn't the same short setup carried on at the opening today?

Chart with trend

Travelfrog wrote:Chart with trend

SPY.png

Nice chart

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

Cobra,your feeling is so exact! perfect

nelsonbelchior wrote:

Travelfrog wrote:Chart with trend

SPY.png

Nice chart

Still on trial with the "Twin Cloud Trend", but generally should trade in direction of trend if both are same colour. If both clouds are different colours, then either don't trade or wait for confirmation of change in trend. Does repaint unfortunately. Arrows are attempt at wave forecast and future direction.

CCI with bollinger helps with immediate change.

Never traded SPY as not offered through my broker. Normally trade SPX, but after last night, managed to get 7 day trial of SPY from Prorealtime to join in on this board.

Market to close at 1340. Bernake just called me a while ago

wxtrader001 wrote:

Cobra wrote:My little evil hatched plan usually goes like this, just usually...

Cobra,your feeling is so exact! perfect

By the way, please keep me informed if Hutong9 is still available in China. Thanks.