Cobra's Market View

by **Cobra** » Wed May 23, 2018 11:30 am

mini target, exceeds it then bulls may have hopes.

by **Cobra** » Wed May 23, 2018 11:38 am

by the way, I mentioned the bear target earlier. Now you can see it's a typical breakdown then sharp reversal (red arrow). At the time it hit the target, if your reward wasn't even 1 yet, you might decide to hold, now the question is: Can you still hold? Was the low in already? Or it's just a rebound? You see the dilemma here? Short is always hard, timing is very important. I have my reason not like short, so please don't lecture me for sharing my lots of blood money earned experiences.

by **fehro** » Wed May 23, 2018 11:44 am

mind your Cryptos… BTC under 6875… game over.. 5875, then 5000 then 2975. 6875 VERY key.. long term trend that goes, it will get very ugly fast

by **fehro** » Wed May 23, 2018 11:48 am

SPX resistance again … oil.. tries to push us up.. with it's spike :roll:

by **brokebybernacke2** » Wed May 23, 2018 11:50 am

Cobra wrote:by the way, I mentioned the bear target earlier. Now you can see it's a typical breakdown then sharp reversal (red arrow). At the time it hit the target, if your reward wasn't even 1 yet, you might decide to hold, now the question is: Can you still hold? Was the low in already? Or it's just a rebound? You see the dilemma here? Short is always hard, timing is very important. I have my reason not like short, so please don't lecture me for sharing my lots of blood money earned experiences.

TOTAL AGREEMENT excellent point- shorting best only in those once in every 10ish year periods of real corrections. obviously we are still not there yet, much blood in my past too. seemingly despite all bad news , market not responding, summer coming up, wants new highs. maybe fall/election time for bears, bulls amazing.

by **fehro** » Wed May 23, 2018 11:51 am

resistance here again

by **brokebybernacke2** » Wed May 23, 2018 11:51 am

fehro wrote:mind your Cryptos… BTC under 6875… game over.. 5875, then 5000 then 2975. 6875 VERY key.. long term trend that goes, it will get very ugly fast

agree 2000s coming in time.

by **Trades with cats** » Wed May 23, 2018 11:53 am

Second verse, same as the first ???

by **Cobra** » Wed May 23, 2018 12:01 pm

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/

by **Cobra** » Wed May 23, 2018 12:02 pm

brokebybernacke2 wrote:
Cobra wrote:by the way, I mentioned the bear target earlier. Now you can see it's a typical breakdown then sharp reversal (red arrow). At the time it hit the target, if your reward wasn't even 1 yet, you might decide to hold, now the question is: Can you still hold? Was the low in already? Or it's just a rebound? You see the dilemma here? Short is always hard, timing is very important. I have my reason not like short, so please don't lecture me for sharing my lots of blood money earned experiences.

TOTAL AGREEMENT excellent point- shorting best only in those once in every 10ish year periods of real corrections. obviously we are still not there yet, much blood in my past too. seemingly despite all bad news , market not responding, summer coming up, wants new highs. maybe fall/election time for bears, bulls amazing.

Bulls simply keeps coming back, no matter what, really is amazing, I mean annoying!

Thank you for the agreement.

by **QED** » Wed May 23, 2018 12:02 pm

fehro wrote:mind your Cryptos… BTC under 6875… game over.. 5875, then 5000 then 2975. 6875 VERY key.. long term trend that goes, it will get very ugly fast

Thanks!
RobinHood (https://robinhood.com) allows me to trade Cryptos commission free now.
I am thinking about trading cryptos by starting a position in Ethereum.
It looks to be bearish, where do you see the chart support levels?

by **Cobra** » Wed May 23, 2018 12:05 pm

mini target met, now let's hope a higher low, better in the range buy zone (pointed by red arrow). The zone was divided into 4, so on the lowest 1/4 would have the best risk reward ratio assume today is a range.

by **te_fern** » Wed May 23, 2018 12:08 pm

TICKs have broken thru their MA lines, let's see if it can hold....

by **Trades with cats** » Wed May 23, 2018 12:08 pm

Rut Row, I have a pin bar or gravestone doji , waiting to see if it is meaningful or not.

by **Cobra** » Wed May 23, 2018 12:11 pm

can someone tell me if this is THE higher low? I'm not sure, I'll wait.

by **Trades with cats** » Wed May 23, 2018 12:23 pm

There is that Rut Row gravestone Doji right at Cobra's line in the sand.

by **Cobra** » Wed May 23, 2018 12:25 pm

it's in the lowest 1/4 zone, now I need a strong bull signal bar.

by **fehro** » Wed May 23, 2018 12:35 pm

QED wrote:
fehro wrote:mind your Cryptos… BTC under 6875… game over.. 5875, then 5000 then 2975. 6875 VERY key.. long term trend that goes, it will get very ugly fast

Thanks!
RobinHood (https://robinhood.com) allows me to trade Cryptos commission free now.
I am thinking about trading cryptos by starting a position in Ethereum.
It looks to be bearish, where do you see the chart support levels?

i'd go long at 0.00 or better yet (-200.00) :roll:

seriously.. red/green lines maybe .. but those go then no support to $50ish

by **1der** » Wed May 23, 2018 12:39 pm

SPY 271.93 PBar line held as resistance for 5 min bar close. Lower rising trend line crosses old 271.16 PBar line. That271.16 maybe the line in the sand for the down move.