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.
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 didn't look at the Globex charts from last night where did the drop conveniently stop? Why a major strike of course.Sometimes it looks like the options market is running the futures market.
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.
6000 tick volumetric shows those dip buyers pushing it up, then we coast untill they try for a second leg and fail, followed by the orderly sell off.Second row at bottom shows the delta on each bar, bottom row shows cumulative delta since open. That top line is volume, which is pretty much meaningless on a tick chart but I use it as a count down timer on the bars.
inside consolidation range, not easy to trade. trading out side this red box will tell if market is topping out or not, weekly is way overbought so pull back further will be reasonable.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
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.
Futures Trader 71 said overnight volume was 4 X normal. Noprmal is 10% of regular hours, so last night was equal to about a half day. The first drop took 3 minutes, then it slowed until the magic options number floor of 3350. FT71 commented that the European trading was a two way back and forth. Well they have about an hour left and the longs are looking good. I am thinking with the US session going nowhere I would be cashing out rather than holding for another hour. Especially given the recent history of the North American session. Time will tell.