Cobra's Market View

Back to overnight low Friday close range. Now it could get interesting.

76 Ding ding ding, greed kills.

Got BB52's 76 and it's still falling. Thinking maybe the S1 pivot below may provide support. This is an impulsive looking wave for the wave guys, but they are quiet on PL's site....

At S1 pivot, see if it can hold it...

Picked up a few pennies this morning, missed this drop.....

what the hell was that?
Papa nailed it

iPhone event tomorrow
lots of AAPL bears on CNBC

I hope the bears scare Apple into clearing out inventory, I need a new phone.

Volume profiles make this look like a good place for a bounce. Futures Trader 71 uses a 20 day average volume on his charts so I said "Why Not". You can see the volume taking off on the last two bars as we drop. Not really that helpful but I will leave it in for now. Larry "I really trade" %R saying oversold, again, not a surprise.

Trades with cats wrote:I hope the bears scare Apple into clearing out inventory, I need a new phone.

Boss, the bears on CNBC say you don't need a new phone

When the obvious target is 76ish with no pause. 67ish is next to put the pain on dip buyers.

They are doing one scoop to relief the buying pressure. so one sided market.

I need to be precise. The low volume node showing on both the longer and shorter term composites should be a text book target. here is what the action looked like.

bears want Cook to "pass the baton" because he hasn't innovated a dammm thing since Jobs died years ago

TRADE WARS chart update (lime is agriculture)
And anecdotally, from Wisconsin:
China halted all purchases of agriculture products from the US, which has dramatically affected Wisconsin farmers and could lead to a jump in the rate of delinquent farm loans in 2020.
The farm crisis in the state could radiate outwards and trigger layoffs -- because one in nine jobs are tied to the state's $88 billion agriculture industry.
The suicide rate among all American farmers is 2x that of the general population.

Cash SPX Fib, Strong rebound but Fib say not so fast to be bottom here. I not saying it won't just not yet a sign.

Al_Dente wrote:TRADE WARS chart update (lime is agriculture)
And anecdotally, from Wisconsin:
China halted all purchases of agriculture products from the US, which has dramatically affected Wisconsin farmers and could lead to a jump in the rate of delinquent farm loans in 2020.
The farm crisis in the state could radiate outwards and trigger layoffs -- because one in nine jobs are tied to the state's $88 billion agriculture industry.
The suicide rate among all American farmers is 2x that of the general population.

The attachment 99trade war.png.png is no longer available

Arg are dead since 2008

“LEADERS” chart update
All went green a few days ago
Daily

Corn farmer any one?

BullBear52x wrote:

Al_Dente wrote:TRADE WARS chart update ...

Arg are dead since 2008