If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
hopefully it's bull flag, go straight down to the low is rare.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
If you don't know Farrel's rules you really should take 10 minutes and read them, they should be framed and on the wall by every trading desk. Roberts adds a ton of charts to show the unbelievers that this really happens. By the way while Roberts thinks this market is ready to drop he has been a strong advocate of staying in with protection, so count him as another fully invested bear.
now let's see if we have the down in the morning rebound the rest of the day pattern back.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Looking at Friday and Monday there was a lot of congestion just above the range we are currently in. Makes me think trapped longs waiting for a chance. Anyway don't they need to retest 2100 level or is there a different point where a central bank ignition algo will come in like last fall with the "Bullard Low".
Yesterday, we got a bunch of dovish Fed talk.
Today, T-Bill rates are at seven year highs and trending up.
Treasuries obviously didn't tune in or just tuned out.
Can't say I would blame them either way.
If rates keep climbing, I don't think equities will like it.
This is a weekly chart. So, let's see where the week closes.
May be time to keep an eye on the dollar too in the weeks ahead, though it has been mushy lately.