Cobra's Market View

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In support area, near range low, so might be a rebound at open then we'll see.

members only update starts here: http://www.cobrasmarketview.com/2019/08 ... ay-update/

ES daily. Trapped beneath the EMA20, for the time being. Up or down? Not gonna stay the same.

Overnight gap down on ES, NQ, YM and IWM.

one more dip buying coupon, when $VIX >16 you know this will happen either side up/down. buy first with tight stop.

Spike on the 1 minute SPY before the opening.

Hasn't broken Monday's low yet. Waiting to see how that shakes out....

for short term bulls need to regain price above 2914. no but or is ? a trade down here will not look so good.

Testing yesterday's low now....

My buys.

Staying in this channel. Trying to sit on my hands till a better break north....

no rebound in the next couple of bars then it's a downtrend day with perhaps later day reversal up.

Market can not find support

-100 spx here we come.

Blood letting on the DOW.

Back later ...

the rebound probably will be sold.

Cash SPX Fib. Tough day for dip buying for sure.

I don't see bulls can make above 74ish today. when the wedge failed, it failed in style.

Mr. Market has apologized for yesterdays unexpected interruption and we have resumed trading at the level of the news event.

Market is so very stretched compared to bonds on all those Bloomberg charts the twitter crowd keeps posting. I don't think it is likely to fall off a cliff until options expire. But the next couple of weeks could become interesting with the US Treasury sucking out all the liquidity in the system. Smells like a set up to re-test the December lows. Or maybe I am biased because my composite volume profile that starts July 1 only goes down to ES 2820