Cobra's Market View

Big + new to Bitcoin and Ether !!!

https://finance.yahoo.com/video/sec-off ... 52478.html

minor cyan triangle.. respect the break

possible mm

fehro wrote:minor cyan triangle.. respect the break

key time .. VIX tests oLOD spike low.. nibble small short here SPX

fehro wrote:Careful on gold/oil… DXY key level.. short term H&S daily.. long term 52 week invs H&S neckline 94.85.. over it USdollar could explode up 7.7% to 102.. nuts I know…
It has potential for a face ripping up rally. be careful.. /GC stalls once again at 200d/50w .. bear flag daily /GC
on "news"…. fill in blank.. DB, Italy, Spain, etc…

almost at target 94.85

fehro wrote:

fehro wrote:Careful on gold/oil… DXY key level.. short term H&S daily.. long term 52 week invs H&S neckline 94.85.. over it USdollar could explode up 7.7% to 102.. nuts I know…
It has potential for a face ripping up rally. be careful.. /GC stalls once again at 200d/50w .. bear flag daily /GC
on "news"…. fill in blank.. DB, Italy, Spain, etc…

almost at target 94.85

be careful on /GC has potential for HUGE down move … under 1295 -1285… could see $-30-80 to an insane $150 dollar drop in one day.. key support long term

LAST FIVE DAYS %
Red line shows big dump of XLF starting just after FOMC yesterday

Trades with cats wrote:What were the odds of yesterday's hike, something like 96%, so Fed decision was close to fully priced.

was already baked in
good point boss

Can SPX go to highs when financials are dragging?
Anything is possible, but YTD shows when XLF (red) lags, SPX usually lags too
Today XLF slipped into the red on the year; that’s 6 months of nothin’
Also industrials (XLI green) are just a minute away from red on the year

HAPPY HOUR

An hour to go and roughly 4 points to close the gap in ES.

fehro wrote:

fehro wrote:minor cyan triangle.. respect the break

key time .. VIX tests oLOD spike low.. nibble small short here SPX

lookin for LOD gap fill ..and 2771 and lower if pink breaks hard

in buy zone now but I don't know if it's a buy or not.

It is a Thursday afternoon waiting for Futures expiration fun and games tomorrow. Just to stir the pot we are getting all those quotes to build a narrative that Federal employees attempted to thwart the results of the presidential election. No matter the eventual outcome of all this would you go long with other people's money if we are about to get a major political crisis breaking over the weekend?

Al_Dente wrote:Can SPX go to highs when financials are dragging?
Anything is possible, but YTD shows when XLF (red) lags, SPX usually lags too

EUFN (European financials) are still below their (downslope) 20day MA, and not far from a 20day low. European Central Bank doveishness has powered their equities, and is taking pressure off US rates.

TLT is well above that congruence point of its 20 and 50day MAs, holding above 120 now.

"Activity levels on the $SPX measured by 5-day ATR is now at the lowest level since Jan 2. It is now as quiet as holiday trade." -Daily FX

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp