Cobra's Market View

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the pullback shall have legs?

members only update starts here: http://www.cobrasmarketview.com/2019/05 ... ay-update/

Overnight was a news driven event. Open question how the market responds as Huawei is not, to my knowledge part of any major US indexes.

Futures Trader 71 suggested sitting on hands until the market shows it's intentions.

If you look at Wednesday's volume profile (because that's where we are in price) there is nothing solid to anchor price so I am looking for volatility in theory. We will see what actually happens.

down target 26ish

BullBear52x wrote:down target 26ish

yes, then bounce then 00

Trades with cats wrote:Huawei is not, to my knowledge part of any major US indexes.

No, but companies that they buy from are.

.

it's morning hourly hollow red.

wishful thinking.

Looking like consolidation. Normally should eventually continue on up but not making any assumptions today. One thing is certain, when I draw some decent trend lines the market changes.

Not roll over not over shoot for good setup either.

These are all shorts
LEVERAGED SHORTS
15 day %

I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

BullBear52x wrote:I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

If Bulls do what?

K447 wrote:

BullBear52x wrote:I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

If Bulls do what?

pass this 5DMA, Noway.

break the ema20 slightly, it's the bear's last chance here otherwise we can forget about them today, again.

Look at this rising wedge. Oy....

I saw over sold Friday, but today's gap down tells me bulls are out of a bullet.

Now for bears, a trade below 41 is a must, then next target is 26ish.

far far away land atm.