Cobra's Market View

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bigger triangle? no idea up or down from there but it it can test yesterday's high again, then a breakout is more likely.

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

clear view, looks like bulls can not hold out for too long. a breakout is to be expected I guess

BullBear52x wrote:... looks like bulls can not hold out for too long.

a breakout is to be expected I guess

As in cannot Hold off?

fear correction analog. new all time high correction, VIX fear factor.

TICKs are trending up this morning...

K447 wrote:

BullBear52x wrote:... looks like bulls can not hold out for too long.

a breakout is to be expected I guess

As in cannot Hold off?

yes, can not hold off. need to see the new high first.

Needs to break the highs of the last 2 days (blue line)....

classic charting is looking at 5 dma as a resistance.

Is it a bull trap or can they push it higher????

P/l of 1% here, let see how the counter trend goes

a new high from here bears will experience uneasiness, late bears that is.

Looks like the Health stocks in SP500 are driving the bus today.

Getting the back test now....

I have that last move as four points short of a measured move. But hey bank profits were better than expected and it is options expiration week. No idea where or how much but those profitable big banks are the market makers so you know they are currently on the hook for a lot of option insurance buying so they should be playing trader tricks to get us to at least 2800 by Thursday and 2850 would be a lot better for them (Nomura guru says at the 2750 and 2800 levels is where the action is for the options Gamma Well)

very possible look out below set up . caution.

up from here then it's uptrend day, down and down then it's range day.

The counter trend move is strong one but I don't see fear today from the bulls.