Cobra's Market View

Bears might get 5 handles this time, (MAX) LoL

flrtrader wrote:

flrtrader wrote:Ok, Gunna buy a call here so we can start the southbound train

Done

Do it for the team Bears.

must be a news, this should not happen in an uptrend day.

Cobra wrote:must be a news, this should not happen in an uptrend day.

1) Trump grounds all 737 MAX aircraft in the US (multiple countries already preceded this decision)
2) Trump says he's in "NO RUSH TO COMPLETE CHINA TRADE DEAL"

This is something, now, IF we closed below 38.2% we would have two technically Gap and NO GO. soooooo......Today's closed will be very important. if we closed weak, I will find excuse to sell the rest of this week trading.

My twitter feed implies Trump Tweet was at around 45 minutes past the hour. Fall started in earnest about 30 minutes past the hour. I would call it a one two punch where the tweet accelerated market action.

flrtrader wrote:

flrtrader wrote:Ok, Gunna buy a call here so we can start the southbound train

Done

I FREAKING TOLD YA....

My present BB... But why did you boot me outta your blog!

Long ago? Did you shut it down.

ROTFL

"US Markets Extend Drop As Trump Warns "Not In A Rush" For China Trade Deal"
posted on zh one minute ago

HAPPY HOUR

flrtrader wrote:My present BB... But why did you boot me outta your blog!

Long ago? Did you shut it down.

ROTFL

well done flrtrader! saved my double top shorty!

flrtrader wrote:My present BB... But why did you boot me outta your blog!

Long ago? Did you shut it down.

ROTFL

I don't have time to update it so I technically closed it down.

5 minute view says relative volume (40 day look back) spiked on the sell bar.

BullBear52x wrote:

flrtrader wrote:My present BB... But why did you boot me outta your blog!

Long ago? Did you shut it down.

ROTFL

I don't have time to update it so I technically closed it down.

Understand no time,... But it was really great while it lasted

the rebound probably will be sold.

flrtrader wrote:

BullBear52x wrote:

flrtrader wrote:My present BB... But why did you boot me outta your blog!

Long ago? Did you shut it down.

ROTFL

I don't have time to update it so I technically closed it down.

Understand no time,... But it was really great while it lasted

Thanks

Mr. BachNut wrote:

Mr. BachNut wrote:

Mr. BachNut wrote: So, long an SPX unit and short an R2K unit now.
We'll let the rock'em sock'em robots duel it out...

At 11:30 it looked like SPX long was ready to knock R2K short's block off, but now R2K is starting to throw some punches.
SPX long looking a little surprised.
R2K short still losing on points but still in it with a few rounds to go.

Looks like R2K is playing rope-a-dope while SPX is trying to work the body.

Interestingly, I can see a possible head and shoulders in R2K and a possible inverse head and shoulders in SPX intraday.
They clearly do not like each other...

Whoa. R2K short delivered a right hook and SPX long staggered.
Close could be interesting.

Ticks swinging wildly... They are trying hard to hold this. BA completely recover

Well this has been an epic short squeeze aided by the central banks, but hey there is nothing left to squeeze and the buyback money is ending, so wait to see if Ma and Pa Kettle look at the market this weekend and decide to buy more at the top. If not we will be reading about how a pullback from the highs is normal.