Cobra's Market View

MrMiyagi wrote:RUT not looking too good today.
In fact, all indexes can go down 4-5% easily.

R2K isn't too bad yet. It's dowm from 880 to 871. 50 and 200 sma are still intact. It goes sidway for a while before it drops hard, imo.

Testing vwap again but this time it’s on a higher low HL
Sooooooo….squeeze alert, oy......just an alert.....

Anaconda wrote:FYI, since Miyagi didn't post it (and my p-bars mimic his), I have a very strong p-bar up to 146.03 on my 5-min SPY chart.
GL,
A

Thanks Anaconda, my chart is not showing that.

So far market reaction to the first signal is kind of tepid A dud Not my kind of trading day. Bye guys, I'm off.

SPX 5m updated

fehro wrote:what do you think Uempel, are these drawn correctly?

Yeah fehro, looks good. I very much like your big blue channel which is enjoying a good-bye kiss. Problem is that market tends to test the highs and 1475 has not yet been tested vigorously. I'd like to see more bullish action, even if it fails. Some kind of (false?) breakout above the ellipses would feed my bearish instincts. At the moment I'm neither long nor short, I'm merely bored and waiting...

Bears need help here
But bulls have only 1200 advancers…..too weak at the moment……..but squeeze alert is still on..........

uempel wrote:

fehro wrote:what do you think Uempel, are these drawn correctly?

Yeah fehro, looks good. I very much like your big blue channel which is enjoying a good-bye kiss. Problem is that market tends to test the highs and 1475 has not yet been tested vigorously. I'd like to see more bullish action, even if it fails. Some kind of (false?) breakout above the ellipses would feed my bearish instincts. At the moment I'm neither long nor short, I'm merely bored and waiting...

thanks for the feedback!

MrMiyagi wrote:

Anaconda wrote:FYI, since Miyagi didn't post it (and my p-bars mimic his), I have a very strong p-bar up to 146.03 on my 5-min SPY chart.
GL,
A

Thanks Anaconda, my chart is not showing that.

NP, Miyagi; it hit at 12:45 pm EST. Had another not 5 minutes ago.

Al_Dente wrote:Bears need help here
But bulls have only 1200 advancers…..too weak at the moment……..but squeeze alert is still on..........

18bears needed.png

The squeeze play could very well be on into AA earnings.

SQEEEZZZZZZZZZEE
No one knows how desperate the bears will be to cover
Assume stops here and just above
I’m using cobra’s measured move mm target ...or higher if the bears go apeshit covering

The first signal was ok - but not very precise. The upwards move came 10 minutes later. As to the second signal, it's better to place it at 3:05 p.m. and not 2:55 p.m. Bye guys

Like this when they are all on the same page. sell that is for intraday if now I can see more selling coming into tomorrow.

joeynickels wrote:

Al_Dente wrote:Bears need help here
But bulls have only 1200 advancers…..too weak at the moment……..but squeeze alert is still on..........

18bears needed.png

The squeeze play could very well be on into AA earnings.

thanks joey ps i like yr coffee

sold GLD 160.83
Done for the day...

Al_Dente wrote:SQEEEZZZZZZZZZEE
No one knows how desperate the bears will be to cover
Assume stops here and just above
I’m using cobra’s measured move mm target ...or higher if the bears go apeshit covering

to da moon eh?

BullBear52x wrote:

Al_Dente wrote:SQEEEZZZZZZZZZEE
No one knows how desperate the bears will be to cover
Assume stops here and just above
I’m using cobra’s measured move mm target ...or higher if the bears go apeshit covering

to da moon eh?

We should have ripped there IMO as we did yesterday, but so far a fizzle. Even had several ST signals go to buy. I'm hoping thats all they got and we close at the lows.

FT

flrtrader wrote:

BullBear52x wrote:

Al_Dente wrote:SQEEEZZZZZZZZZEE
No one knows how desperate the bears will be to cover
Assume stops here and just above
I’m using cobra’s measured move mm target ...or higher if the bears go apeshit covering

to da moon eh?

We should have ripped there IMO as we did yesterday, but so far a fizzle. Even had several ST signals go to buy. I'm hoping thats all they got and we close at the lows.

FT

right now the dip buyers at 5dma are hopeful, but target we mentioned earlier today stay the same.

Close call
Fail
Squeeze alert rescinded for the moment
But bears need more power plus a LL soon please
http://www.youtube.com/watch?v=GwbzpU9SRN4

BullBear52x wrote:

Al_Dente wrote:SQEEEZZZZZZZZZEE
No one knows how desperate the bears will be to cover
Assume stops here and just above
I’m using cobra’s measured move mm target ...or higher if the bears go apeshit covering

to da moon eh?

quit covering already, i'm still short swing and praying, where is your praying dog?