Cobra's Market View

Because of a little long lower shadow so today's bar has maybe 51% chances being a bottom bar, not much edges for bulls.

SUMMARY:

Typical range day. Called more down at nearly the low of the day which explained why it's essential to know whether the day is a range day or trend day first. However, nowadays it's hard to know whether it's a range day or trend day though as the government may try to intervene the market at any time.

NOTE:

Right - called more down here (viewtopic.php?f=2&t=3931&p=280243#p280243).

Wrong and this is why it's essential to know range day or trend day - called this bear shall have legs here (viewtopic.php?f=2&t=3931&p=280250#p280250). The rebound actually went all the way to the day high then fail, so a typical range day behavior.

N/A - just a reminder (viewtopic.php?f=2&t=3931&p=280255#p280255).

N/A - just a comment (viewtopic.php?f=2&t=3931&p=280259#p280259).

N/A - a reminder of possible reversal which turned out disappointing (viewtopic.php?f=2&t=3931&p=280263#p280263). How to know when the real knights of shinning armors coming? I don't know.

Right but useless, it indeed was a break down but it didn't go far so from the forecast point of view, it's right but to bet a trade on it would be a loser - called break down here (viewtopic.php?f=2&t=3931&p=280289#p280289).

No conclusion drawn from the close. DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

The bottom sign, every body line up, stay calm, we all will get some, I will be up bright early tomorrow

my $VIX signals buy-able SPX today. the swing setup no buy yet.

ES 5. It has moved up 100 points since the close of the day session.

Cup and Handle + Upside-Down Head and Shoulders = LIMIT UP

CNN Fear Rising From 1 = UP

ISEE Sentiment UP

$TRIN < 1

$SPX BUYING > 2,230.50

Few believe UP

We want to sell any rallies

Just as we bought the top

Price what we pay

Growth what we get

We let profits increase

We stop losses

https://www.trendfollowing.com/ed_seykota/

CVX Target - 100 %
From 59.40 to 0
- 9.52 % Dividend

AMZN Target + 74 %
From 1812 to 3144

FB Target - 56 %
From 152.31 to 67.34

GBTC 48.75 High in Dec 2015
23 cent low in Jul 2015
Before 91:1 Reverse Split

Target 0

BEARYA