Cobra's Market View

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still a little more likely up than down

/ES ..SPX mind the gap up and fade..mind yGAP SPX opening near 2788

members only update starts here: http://www.cobrasmarketview.com/2018/07 ... ay-update/

VIX premarket.. very wicky to the downside.. strong support? if not then recent lows

nATH RUT

Auh! Didn't make it to 2794 ES where all the sell orders were piled up!

Can't miss seeing ES 2788 as a "must bounce" zone for the bully boyz.

Some bulls are talking 3000 for this next leg up. I concur.

RUT hard reversal gap fill from nATH … VIX holding up.. mind SPX morning gap, yGAP.. buckle up

nibble time

Cletus,
SPX is just dead weight, these stocks are the bull market.

fehro wrote:VIX premarket.. very wicky to the downside.. strong support? if not then recent lows

VIX at oHOD

fehro wrote:nibble time

/ES may take out oHOD first.. blow out stops? or double top

cletus wrote:Some bulls are talking 3000 for this next leg up. I concur.

How are you positioned for this move? What was your entry? What level would you look to as a stop? What action would have you reconsider that the market would not be on the path to 3,000? What would an expected pullback look like? "This next leg up" suggests relatively direct?
What chart patterns/study are you using to base your opinion?

It is just at 12 hours since the overnight high was set. I still see lots of standing sell orders to chew through. Some bulls need to step up with open wallets as we only have an hour left until those Euro time zone traders start focusing on world cup full time.

PBar at SPY 279.01 not yet filled.

this bull may have legs.

mind yGAPs on all indexes.. look for possible fills

fehro wrote:mind yGAPs on all indexes.. look for possible fills

buckle up .. IWM ugly…. look out below.. could get a very nasty reversal today indexes