Cobra's Market View

DOW laggs.. still a tad above 50d.. INDEXES dailies < 50d

Trader Girl, so was that just the end of wave five? Now for a wave A possible for upward direction? Just a hack here!

How predictable!
Purple line at same angle as reported before.

forget about triangle, this rebound shall have legs.

Neutral. No position.
Bailed out of some longs yesterday without much damage.

My summation signal is neutral. It could turn down for the R2K today.
My composite trend signal whipsawed back to down yesterday. Seems to be tracking Cobra's non-stop.

I was looking for a narrow range day yesterday after a trend day Friday, but we got a trend day instead.
I cut the cord on some longs after the opening range broke.
My signals are turning again and orienting me short.
The whipping and fast moves have been tough on my models, which are slow, but we have been managing.
This could be another fake, but the indicators under the hood of the trend model are looking solid for now.
We're testing very important support right now. If that goes...
The decline has been swift but orderly. For much of the last year, the bulls have consistently pulled back from the precipice.
Let's see what happens here.

SPX 5m.. retesting diamond, bear flag... hourly candle will be interesting to watch how it closes.. Hammer? or doji?

Gonna wait to go long after close.

FlowerGirl wrote:How predictable!
Purple line at same angle as reported before.

How do you calculate the purple line, Flower Girl?

No bullish environment: BPNYA -0.26%, BPCOMPQ -0.79%, BPOEX flat, BPNDX -2.08%, BPSPX -0.85%, BPINDU flat, BPFINA -1.64% ...

ALdaytrade wrote:

FlowerGirl wrote:How predictable!
Purple line at same angle as reported before.

How do you calculate the purple line, Flower Girl?

viewtopic.php?f=2&t=1260&p=159156&sid=b ... 7a#p159156

AAPL dropped out of channel below it's 50d.. trying to regain it, retest channel?

whoa SPY slipped out of its trading trade between 184-189 for a moment there. Immediately rallied to get back in it tho.

vol surge, so pullback but this pullback might be bought again.

SPX 5m

Crap, completely forgot about the 185.32 Pbar. Damm

185.95 is above that

vol surge, biggest bar, so might see pullback here first which likely would be bought again.

VIX 15m, Daily

This is a fib arc on the 15 minute. This is the energy curve of a transistor basically, applied to the sun's mass. Just for fun.