Cobra's Market View

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maybe the pullback will be bought?

members only update starts here: http://www.cobrasmarketview.com/2018/04 ... ay-update/

at yellow line again , possible down channel.. triangle.. a big move is coming.. lean down.. mind the open gap

mind the gaps yellow lines key for bears and bulls SPX 5m

My fast tick chart shows three little pushes up, gonna half to do better or we won't see the opening gap closed till lunch.

fehro wrote:mind the gaps yellow lines key for bears and bulls SPX 5m

More Gaps then a hillbilly smile...Go floss that tooth.

The five minute view of the news driven drops overnight. Since the market seems to take back news drops within 24 hours or so it is reasonable to expect a gasp close. If it doesn't, FT 71 commented that buyers have been accepting higher prices over the last three days so a failure could cause them to unload fast. He sees 2610 as the target if that plays out.

GM

IH&S Moving ?

morning hourly hollow red. implication is on the top left of the chart itself.

Bob Pisani on Buybacks
https://www.cnbc.com/2018/04/11/rumor-b ... eally.html

So, it's stock market time ti fly, despite a possibility of rockets over head. Load the track and hold till May at least...

Trades with cats wrote:

ES 06-18 (5 Minute) 2018_04_11.png

The five minute view of the news driven drops overnight. Since the market seems to take back news drops within 24 hours or so it is reasonable to expect a gasp close. If it doesn't, FT 71 commented that buyers have been accepting higher prices over the last three days so a failure could cause them to unload fast. He sees 2610 as the target if that plays out.

Is his reverse H&S melted as the spring snow? Or perhaps we have "big up" and "big down".. "see I told you so" scenario?

Everybody sees the head and shoulders bottom formation and has written about it. FT 71 doesn't trade patterns just price action. He is looking at the charts and seeing a steady up move with the 2660 to 2670 range as a target. But as we are all seeing this news driven trading can be difficult.

$INDU
LOD

victorm wrote:So, it's stock market time ti fly, despite a possibility of rockets over head. Load the track and hold till May at least...

Thanks for that Boss, he even provided an example!

maybe the rebound will go all the way to day high? Just maybe because looks like a range day today.

Difficult to see why folks will be holding overnight in this environment, so look for weakness going into the close. The last 2hours will be the real action area. It will tell you how traders really feel about the environment we are in. I believe uncertainty will drop the market in the last 2 hours everyday until there is some clarity.

Trades with cats wrote:

victorm wrote:So, it's stock market time ti fly, despite a possibility of rockets over head. Load the track and hold till May at least...

Thanks for that Boss, he even provided an example!

you want lines, but I stop using technicals as it is to prove traders biases...
cycle, sentiment, my gut, and sup/res.for 15% portfolio day trading, that's all
We are heading to all time highs, dollar dip down..