Cobra's Market View

Get on the bus people!

Cobra wrote:volume surge, wait. not sure means anything.

strong push up, very good news in?

Petsamo wrote:The bears are not doing enough. ETFs of China, India, & Germany are not being pulled down.

We will know after 1410.75, If good should run to 1414.70 - 1417.18 1st stop

I might be a few cents off with my lazy guess.

trend line.. pos div.

Buying program over?

not sure what's going on, now it's resistance area. I'll assume this bear still has legs. lunch time, will be back.

1, 5 & 15 min still up.
2 min down.

These turn fast.

minor divergence in the indices, and some pos div forming on the 60m.. would be nicer to bounce off slightly lower levels..(H&S still an huge stretch but left it in there...) .. could still be larger bear flag (Cyan lines)

Well I'm on DA BUS!

MrMiyagi wrote:1, 5 & 15 min still up.
2 min down.

These turn fast.

Got up to 141.42$, 3 cents off.

Now unclear for me. 141.00$ could be reached.

Me XMan wrote:Well I'm on DA BUS!

MrMiyagi wrote:1, 5 & 15 min still up.
2 min down.

These turn fast.

Are you getting off at the next stop?

still fighting resistance. wait. I'm neutral here.

cobra any comments on apple ?

Getting reversal candles everywhere....???

If the USD breaks out higher, could the market have a big down move for Friday or Monday? Or are we too oversold now and that will wait till later?

That 10% circuit breaker is not working on SPR

just a little little bearish biased now. tinted area the MM target, I believe Fib 61.8% at $140.41 is possible.

Very long term. Week is not over yet.. but MACD not looking good

SPY chart, very interesting comparison to May 2012...not saying same thing will happen, but the trend is down until we see otherwise....