Cobra's Market View

TraderGirl wrote:

BullBear52x wrote:Another sell kicks in, trades under 5dma, my trend is down, sell the rally is in full gear now.

Nice BullBear!!!

Thanks,

That's it for me intraday.

Thanks Cobra and everyone, GLTA.

TA note: as it has been, a possible gap up unless this 10min. RSI trades back under 50 before bears can sleep tight

another one for the road, XLF is way too weak to have a meaningful gap up to shake out.

It's another gap down that was bought.

BullBear52x wrote:Another sell kicks in, trades under 5dma, my trend is down, sell the rally is in full gear now.

What your settings for top half of chart?

Cobra, are you bull biased or bear biased tomorrow morning?

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254800720

Resistance also happens to be at 377ma, 5min (green ma), a line used by moi (via Robert Colby), uempel (in a diff version), and BB52x (slightly different).
Also if u’ve been following $NYAD indicator this month, today marks a bottom, BUT THAT IS ONLY BECAUSE THE BEARS DID NOT HAVE THE COJONES THIS MONTH TO FOLLOW THRU, last month these lines were invalidated by follow thru….so grain of salt

PAGE WAVY
“record long large spec positions in the USD”
Do u see speculators massively long dollar as short spy confirmation?
Or do u see it as contrarian signal as it a “record” or too crowded??
No need to answer if Q is tooooo dumb…..

Cobra,

If we close in red with a 3rd consecutive gap down tomorrow that could be very damaging to the bulls correct?

too early to call victory yet, but I'll assume my last call is right here, so no more bet anymore, a perfect call day.

How I saw things unfold today on the SPY.

SB73 wrote:Cobra,

If we close in red with a 3rd consecutive gap down tomorrow that could be very damaging to the bulls correct?

yes, most likely one lower close ahead. but you know nowadays bulls always exceed all kinds of expectations, so just for fun.

FOR TRADERGAL
http://www.youtube.com/watch?v=fxEmnxiUz8w

well, guess now nobody would deny my call anymore, right.

actually for bears, the 6th green hourly bar is better. sill 19 min to go, hopefully bulls could make it green.

Al_Dente wrote:FOR TRADERGAL
http://www.youtube.com/watch?v=fxEmnxiUz8w

Thanks Al!!

neckline retest?

market is about to close, so anything is possible. here's the target I don't believe. normally, bulls should have one more push up but we may or may not have to wait until tomorrow.

ETFs of Japan, China, & India are sitting below their target closes. Therefore, the probability of a gap down is 45.5%. The reason for the lousy probability is because we've been buying gap downs and selling gap ups.

Al_Dente wrote:http://stockcharts.com/h-sc/ui?s=SPY&p= ... =254800720

Resistance also happens to be at 377ma, 5min (green ma), a line used by moi (via Robert Colby), uempel (in a diff version), and BB52x (slightly different).
Also if u’ve been following $NYAD indicator this month, today marks a bottom, BUT THAT IS ONLY BECAUSE THE BEARS DID NOT HAVE THE COJONES THIS MONTH TO FOLLOW THRU, last month these lines were invalidated by follow thru….so grain of salt

PAGE WAVY
“record long large spec positions in the USD”
Do u see speculators massively long dollar as short spy confirmation?
Or do u see it as contrarian signal as it a “record” or too crowded??
No need to answer if Q is tooooo dumb…..

Great point, we need follow through here for bears, I definitely see big traders getting long as a warning signal.

Gotta go, thanks and trade smart all!

Cobra wrote:too early to call victory yet, but I'll assume my last call is right here, so no more bet anymore, a perfect call day.

GOOD JOB !!!!


for tomorrow? gap down ?