Cobra's Market View

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Triangle, bias is a little up but usually it means the last push up.

Cobra, ring the bell at the top!

The members only update starts here: http://www.cobrasmarketview.com/2021/02 ... ay-update/

QED wrote:Cobra, ring the bell at the top!

Usually shouldn't be that easy.

same playbook, let do it bears.

Messy inside day, the reality is inside day is easy to trade if we only wait for to trade up/down the bullish >61.8% or the bearish of 38.2%, market settled at the same price for 4 days we should be out of the balanced area soon and big and fast move should be fun to trade just be on the right side of it.

Buying pressure is strong today, MA support will determine if my silly entry to be good or not.

It's a morning hourly hollow red

It's Friday with long weekend. quick in and quick out.

Posting more than usual this week.

NYMO has made a nice correction back to the zero line.
Price has not retraced but has formed a triangle with an inside day.
I have been looking for a pre-OPEX low, but nothing has come in the mail... yet...
I think this suggests edge remains with the bulls, but we shall see.

All that said, a NYMO trip to the zero line can also suggest the cycle high is in and has turned.
So, it is also possible we are at an inflection point. Time will tell. I wish I knew...

I remain long.

There appears to be a lot of open interest in today's expiring SPY options.
Perhaps we are in store or a fairly quiet premium burning day.

Mr. BachNut wrote:Posting more than usual this week.

NYMO has made a nice correction back to the zero line.
Price has not retraced but has formed a triangle with an inside day.
I have been looking for a pre-OPEX low, but nothing has come in the mail... yet...
I think this suggests edge remains with the bulls, but we shall see.

All that said, a NYMO trip to the zero line can also suggest the cycle high is in and has turned.
So, it is also possible we are at an inflection point. Time will tell. I wish I knew...

I remain long.

NYMO 021221.jpg

Still need go near or below zero. Still some days to go. Bears go go go!

Inside day When we have inside day at top or bottom it signifies the end of the run, no more daily HH. this is the reason why most experienced traders choose to be cautious at this level.

Some sort of obvious iceberg action at th days high. Someone wants everyone to see their efforts to stop the market.

Bear are dead. stop out, wait for new setup, sell day for me today, but above 61.8% of an inside day looks to hold up well. bears need to be careful here.

The earlier game plan failed. new one to sell 3 push up. come to papa.

looks at last push remind me of "Money is nothing and chick is free" MTV style.

Need a better news source. Can't find a reason for that last levitation. If it was just news then it will erase.

Go at it again.