Cobra's Market View

Al_Dente wrote:Lowest tick of the day
I think it was -1100
Not sure
it's bouncing now

VIX/RVX/VXO/VXN all in sell mode

I VERY RARELY get this big of a neg diverg on my 30 min STO (red dotted line, just above price panel)

Real bears (i.e. big guys) are taking action as soon both SELL signals kicked in. Yet, this selling isn't into a FULL mode yet. Another reliable indicator of mine shows that a big drop is coming.

nightlyhawk, Nice charts...

bounce? or crash?

well, guess that's it for today. not a good looking daily bar, bears finally see some lights on the other side of the tunnel, just hopefully it's not a headlight of an incoming train! Thank you guys, I'll see you tomorrow.

Back into the rectangle.
The stops above got run last night and this morning.
That leaves only the stops below untouched...

CognitiveDissonance wrote:

TraderGirl wrote:/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..

A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..

Yes, thank you

The fact that the XIV is already turning down before the turn date, and the probability that we could be up into the 23/24th, and that my chart can shift a day or so, leads me to believe the turn will be up not down, possibly more like on Thursday....???? I just don't want to be bias either way...keeping possibilities open, because in this market, the pullbacks have been small so far, not expecting too much of a move down....

EdIt: not much of a down between now and 24th....

Cobra wrote:well, guess that's it for today. not a good looking daily bar, bears finally see some lights on the other side of the tunnel, just hopefully it's not a headlight of an incoming train! Thank you guys, I'll see you tomorrow.

"..headlight of an incoming train!"

thanks cobra

Harapa wrote:

Al_Dente wrote:blabla

VIX/RVX/VXO/VXN all in sell mode

so 168 had to go below zero line, right???

nice close. i wanted to see a black candle on the daily

this is the 2nd reversal bar in a row on spx
hanging man yesterday, and a doji today, i think there is an high chance to see a change in the trend.
lately 1 reversal bar was enough to see a reversal, now there are 2

gravestone doji on eur/usd in this moment

(On behalf of my fellow lurkers)
The banter today was exceptional--thanks to all for all the chuckles...and charts!

TradingJackal wrote:

Al_Dente wrote:Lowest .....

Al, I have two Ticks at less than -1000. Two ticks separated in time on the same day signals a reversal of trend to me. I have seen the same earlier (but on the bullish side).

"""""""""Two ticks separated in time on the same day signals a reversal of trend to me.""""""
jackal can u elaborate on that? thx

That is one huge-ass reversal candle at the close. Last 3 minutes had 2.5 million buying on SPY.

TraderGirl wrote:

CognitiveDissonance wrote:

TraderGirl wrote:/ES is back and forth between printing a solid green candle (sometimes reversal), and red candle... Turn tomorrow or Thursday. My more reliable chart says we are down into 17/20th then up again into 23/24th. Depending on the rally into the 23/24th would affect the potential sell-off we get after....IMHO..

A small rally could equal bigger selloff, and a large rally could equal small sell-off...??? we'll see..

Yes, thank you

The fact that the XIV is already turning down before the turn date, and the probability that we could be up into the 23/24th, and that my chart can shift a day or so, leads me to believe the turn will be up not down, possibly more like on Thursday....???? I just don't want to be bias either way...keeping possibilities open, because in this market, the pullbacks have been small so far, not expecting too much of a move down....

EdIt: not much of a down between now and 24th....

Thanks TG, got 11+% on UUU today.

there are big reports out tomorrow
http://mam.econoday.com/

what's this? a bullish kicker? i found a similarity

Swing day, big down coming, just that simple. Here's today's candle:

ZimZeb wrote:(On behalf of my fellow lurkers)
The banter today was exceptional--thanks to all for all the chuckles...and charts!

Zim aren’t u the one with the gorgeous custom charts?
Why u don’t post them more?

ps: don’t u agree that my charts are MUCH purtier than bb52x’s ?