Cobra's Market View

Trades with cats wrote:Just buy a seat on the exchange for half a million or what ever they are going for, it cuts your trading costs in half. And you don't have to take any of those exams because you are trading your own money. Then you can add it to your internet signature, Member XXX Exchange along with the picture of yourself in the Italian super car

Yeah, I'd either be in the super car or the poor house pretty quick! Ha!

The bulls need to sustain this breakout or maybe a trap....

SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal

testing yesterday's high.

fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal

out gap fill next white

breakout. this bull may have legs.

fehro wrote:

fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal

out gap fill next white

try again at white 2730.50

Walking along the R1 pivot....

fehro wrote:

fehro wrote:

fehro wrote:SPX resistance.. .. seems it wants to fill that gap, and tag white line
nibble small short here at 2726.. not ideal

out gap fill next white

try again at white 2730.50

still a tad iffy here..lower white.. target..

This ES 2730 has been a very important level for some time. The Elliot Wave counters have been labeling this area as the reset for a return to bull counts. Current action ties in nicely with House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good. Or not.

te_fern wrote:Walking along the R1 pivot....

Yes.
So R1 to S1 main trade of the day done?

Just a reminder of last week when they whipsawed the markets up on big low volume moves followed by a couple of days of selling.

Trades with cats wrote:This ES 2730 has been a very important level for some time. The Elliot Wave counters have been labeling this area as the reset for a return to bull counts. Current action ties in nicely with House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good. Or not.

For a day trader the
"House of Morgan's forecast that the market has one more bull rally this summer before rolling over for good."
is about as useful as .... screen door on a submarine...

I would be interested of the House of Cards would post an accurate HOD and LOD and which of the two was first, before 8:30CT open.

Then I might listen :LOL

Rolling over, will the VWAP or the MA lines catch it????

I tried an IB pivot point study and got R1 of 2732.75
Anyone know what study (type of pivot study) this is?

fehro wrote:

fehro wrote:
try again at white 2730.50

still a tad iffy here..lower white.. target..

Iffy becoming "possibly" doable

daytradingES wrote:I tried an IB pivot point study and got R1 of 2732.75
Anyone know what study (type of pivot study) this is?

Nope!

TRANSports.. brick wall

Rob Hanna
Is The Russell Breakout Likely To Spark A Rally In The SPX?
http://quantifiableedges.com/is-the-rus ... n-the-spx/

SAVE FOR LATER
posted 4/11/18
Whale Jim Rogers is always worth a read
[spoiler alert: bear longer term because of debt, etc.]
http://www.etf.com/sections/features-an ... nopaging=1