Cobra's Market View

Cobra, I see a IHS but also RSI negative divergence on the 1 min chart, any thoughts? Thanks.

TWT wrote:SPX: Follow up of two potential ending patterns:

I'd vote for #2. But keep in mind, wave 5 will be extended just by looking at merely fibs.

I'm betting on it.

noob wrote:Cobra, I see a IHS but also RSI negative divergence on the 1 min chart, any thoughts? Thanks.

forget about ND, sometimes it works, sometimes it doesn't, so not much edges.

I don't read it as H&S Bottom, although you can. I'd rather read it as Measured Move. What we had this morning was Bull Flag.

btran874 wrote:

TWT wrote:SPX: Follow up of two potential ending patterns:

I'd vote for #2. But keep in mind, wave 5 will be extended just by looking at merely fibs.

I'm betting on it.

btran874, your avatar is confusing me with Cobra often ...

victorm wrote:

btran874 wrote:

TWT wrote:SPX: Follow up of two potential ending patterns:

I'd vote for #2. But keep in mind, wave 5 will be extended just by looking at merely fibs.

I'm betting on it.

btran874, your avatar is confusing me with Cobra often ...

You're having a problem with Ben giving away money? LoL...

S&P break down at 1406.22 and has a new LOD and I change my plan to go heavy shorts.

I've added SLV as Featured Stock in my public chart list., as looks like we have several people here trading on SLV.

http://stockcharts.com/public/1684859/tenpp

Whoa, we have dumping going on!

XIV hit my target of 300 dma, now in the resistance zone, after this week volatility is most likely on it's way....

volume surge, biggest bar, so hopefully a rebound of some kind here. looks like bulls are not as strong as I thought. this is interesting. anyway, lunch time, will be back.

Perhaps the market`s running out of buyers.

There is an interesting triangle forming on the TVIX, was successful in the past for me, wonder how it will play out...

The only problem, is that the VIX is potentially forming a much smaller triangle... (

I have head and shoulders on KBE but also with descending triangle with the yellow line as the initial target for both.

SWalsh wrote:

TWT wrote:SPX: Follow up of two potential ending patterns:

How many ending diagonals are we allowed?

This seems eerily familiar to last June/July. But it did finally break.

I guess until those HFT machines are busted

139 is a lot of work for bears but that's what will take to change thing around or bulls will enjoy another bull flag set up here.where to sell? for hard core counter trend, this is where I got my eyes on.

Cobra wrote:I've added SLV as Featured Stock in my public chart list., as looks like we have several people here trading on SLV.

http://stockcharts.com/public/1684859/tenpp

Hi Cobra,

Is it possible for you to add TMF to your Featured Stock list? I constantly trade TMF and TQQQ. Since you provide AAPL as a Featured Stock, I have been doing well for TQQQ. But I lose money on TMF. I hope that I am not the only one here who trade TMF and need your advice.

Thanks

MrMiyagi wrote:Perhaps the market`s running out of buyers.

just another dip to buy...

So we don't have 2 up, strong rally here. GLTA jimme

TraderGirl and Victor, Will UVXY keep going down? If that's the case, i will short it. i bought at 28, then 21, and now 18 plus

jimme wrote:So we don't have 2 up, strong rally here. GLTA jimme

hi jimme
when did you join the "Gay and Lesbian Tennis Alliance (GLTA)"?
i've been a member since '06
maybe we can meet up and play sometime

Richarab wrote:

jimme wrote:So we don't have 2 up, strong rally here. GLTA jimme

hi jimme
when did you join the "Gay and Lesbian Tennis Alliance (GLTA)"?
i've been a member since '06
maybe we can meet up and play sometime

HAHAHA