Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

no idea up or down from here, so far looks like a bull flag.

members only update starts here: http://www.cobrasmarketview.com/2018/08 ... ay-update/

mind the downside, mind Tuesday's gap on SPY .. Bonds, VIXes green TRIN 2.00+

mind the "possible" diamond SPX 15m red , bearish rising wedge pink fwiw

Ugh, easy day to draw trendlines, but I can't even try for a two point scalp. Oh well, might as well enjoy the 106 degree heat today. At least humidity is up to 37%.

TICKs are positive this morning...

Smalls are doing well this morning....

Cobra's potential bull flag...

Volumetrick 5 minute bars showing what it took to break out. Boxes show ticks (trades) with dominate side colored. Yellow is max value for the bar Cyan and Magenta are trade imbalances.

so far looks like an uptrend day, I just find it hard to believe, no trade.

ATH on $SML
Not yet on $RUT, nor IWM

First attempt was a bull trap, still time....

The battle for 2862 continues. Worst part for bulls is the big band of resting orders is at 2864.

Comment from a paid writer earlier in the week on how calls were dirt cheep. Wondering if that is the emerging srategy for now. Sell the top and buy calls in case you were wrong.

Back in the channel for now...

10:30 buy program.

I have an 11 by 17 printer that I use at the end of the day to hard copy and preserve my poor performance, sort of like monks punishing their own flesh. Half of last week and certainly yesterday and today same deal, right around 10:30 eastern a buy program takes off. Just saying until things change adding no shorts around 10:30 to my list of commandments.

Last 7 five minute bars hugging VWAP and the EMA. With other markets going home maybe something will happen.

Round dots ate trades of 30 contracts or more, FuturesTrader71's (more or less) definition of large traders. You can see how they kicked the sell off into gear. The other sign, to me, is the size of the bid ask delta bar. Clearly somebody wanted out now.

I note the standing buy order support stripe aat ES 2855 has been there all morning and is still there acting as support.

I added odd stats to my twitter feed. He is a retired econ prof. Today is day 180 from the Feb low. Since WWII or so on 8 occasions the S&P has had a 10% or greater correction that was not erased within 180 days. All 8 of those turned into full bear markets.

Te-ferns rounded top trend lines are very scary given that stat.