06/20/2013 Live Update

[Unique]

Bulls or Bears, either side counter trend is no easy entry. well still way oversold however I look at it. dead cat bounce that's all I am asking for.

Careful if they embed the oversoldness signal then next Major support area is 1575-1578, which is the 100DMA

ES Update, both ES and SPY are at Extreme Oversold signals on hourly now. Price no reversal yet still. Major support 1575-1578, patience pays well.

SPY filled the 5/2 gap now.

Almost time to back up the truck Please Mr.Market

Time to start loading up, fire sale Patience, yes

ES Fibs

[joegamma]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

THANKS COBRA...."CLOSE GREEN" MEANS FRIDAY CLOSE SHOULD BE HIGHER THAN TODAY CLOSE OR
FRIDAY OPEN>FRIDAY CLOSE?



Since people are asking: What a back to back Major Distribution Day means (2 days in a row NYSE Down Volume : NYSE Up Volume >= 9). The statistics below shows about 6 out 7 chances in the last 2,000 trading days, SPX would close in green the next day

Green close is closed above today's closing 1588

THANKS TO henry AND THE King Snake

[HenryR]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

THANKS COBRA...."CLOSE GREEN" MEANS FRIDAY CLOSE SHOULD BE HIGHER THAN TODAY CLOSE OR
FRIDAY OPEN>FRIDAY CLOSE?



Since people are asking: What a back to back Major Distribution Day means (2 days in a row NYSE Down Volume : NYSE Up Volume >= 9). The statistics below shows about 6 out 7 chances in the last 2,000 trading days, SPX would close in green the next day

Green close is closed above today's closing 1588

THANKS TO henry AND THE King Snake

You're very welcome.

[Royal Flush]

Pff what a crazy day again, let's see if tomorrow is gonna be "good old" market or another bloody friday


Have a good one folks!

triple witching tomorrow

[PanamaJack]

Excellent day today. Everyone be sure and vote for the Snake.

[uempel]

Short term 10min suggests a bounce Friday, long term BPNYA shows that BPNYA has not yet bottomed (suggests further weakness in the markets)