Cobra's Market View

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bias is up.

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

/ES - SPX mind the gap on SPX .. a little messy in this zone.. mind 50d SMA to the downside.. morning gap

Made it up to the R1 pivot....

Mind the index gaps this mooring.. bonds and VIX green with indexes… someone is lying… and usually it's not the VIX VXX red tho

TICKs are positive, but are getting ahead of their MA lines. At least consolidation soon....

SPX upper gap fills

Taking a stab at the bios on their pullback...

DXY not sure..stalls here at resistance… may retest 200d SMA as per yesterday .. consolidate .. and go again.. "W" pattern.. or complex invs H&S.. weekly DXY candle toppy
DXY holds 50w SMA at LOD here.. so not sure.. and pushing back up

Could take a few weeks to play out

fehro wrote:DXY not sure..stalls here at resistance… may retest 200d SMA as per yesterday .. consolidate .. and go again.. "W" pattern.. or complex invs H&S.. weekly DXY candle toppy
DXY holds 50w SMA at LOD here.. so not sure.. and pushing back up

Could take a few weeks to play out

fwiw - https://www.marketwatch.com/story/oil-a ... 2018-05-09

The Bespoke analysts added:

Just to put into context how uncommon the simultaneous rallies in the US Dollar Index and WTI are, the current period represents only the 11th time since 1983 that crude oil rallied more than 10% during the same four-week stretch that the US Dollar Index gained more than 3%

Sold, got my money back from yesterday. Probably a little early, but have lunch money...

fehro wrote:DXY not sure..stalls here at resistance… may retest 200d SMA as per yesterday .. consolidate .. and go again.. "W" pattern.. or complex invs H&S.. weekly DXY candle toppy
DXY holds 50w SMA at LOD here.. so not sure.. and pushing back up

Could take a few weeks to play out

hmmm maybe no stall… https://www.zerohedge.com/news/2018-05- ... government

mind EURO and USDollar… could get ugly fast.. /CL and gold could get hit very hard.. should the dollar not stop this summer

another possible uptrend day

Cobra, you feeling better???

Still climbing....

/ES resistance.. over it then 2718.75

fehro wrote:/ES resistance.. over it then 2718.75

No resistance is working currently...like last year

Can we get up to the R2 pivot???

Where's the Pasta Boss??