Cobra's Market View

Intraday Bullish Percentages don't provide any clues:

Intraday Monday: BPFINA +1.72, BPNYA -0.09%, BPSPX +0.60 - all the others flat.

Added to longs throughout this morning. Now heavily long. Orders to sell in at 183.70

Out of Bounds wrote:Added to longs throughout this morning. Now heavily long. Orders to sell in at 183.70

Just make sure Mr. Miyagi doesn't wake up. I think his alarm is set for ES 1829.50

Thanks for the laugh 1der!

1der wrote:

Out of Bounds wrote:Added to longs throughout this morning. Now heavily long. Orders to sell in at 183.70

Just make sure Mr. Miyagi doesn't wake up. I think his alarm is set for ES 1829.50

I'll make sure to give him a cup of wine

Notice how all recent down moves (small and large) have followed similar rate of decent . They use the top of 4/9 pBAR to anchor the purple line and rest was just natural. (orange highlight)
While 4/10 pBAR was pointing up but red, so Team Red moved SPY down by the exact length of the bar. Aren't you surprised how orchestrated this play is? Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge.

dip buyers do come. this bull has legs.

SPX 5m

100% mm.

Nyadv advancing issues 2200+
Volume ratio 4-to-1 bulls

SPY :

Shorting more of this pig.

188 is my average price.

First swing target 175. Stop 186.

good luck !

Al_Dente wrote:Nyadv advancing issues 2200+
Volume ratio 4-to-1 bulls

Yep. Notice how Vix has moved to confirm the breadth and yet, TRIN does not reflect an overbought condition. Some very bullish signals.

EvilTrader wrote:SPY :

Shorting more of this pig.

188 is my average price.

First swing target 175. Stop 186.

good luck !

You're shorting more at 183 and your average is 188?

That was an important bounce on GDX this morning at double bottom and trend-channel line support

Out of Bounds wrote:

Al_Dente wrote:Nyadv advancing issues 2200+
Volume ratio 4-to-1 bulls

Yep. Notice how Vix has moved to confirm the breadth and yet, TRIN does not reflect an overbought condition. Some very bullish signals.

hi boss is Snogger green?

minor divergence with the VIX .. double bottom, not lower lows.. as INDEXES make new interday highs. 5m Chart

Al_Dente wrote:

Out of Bounds wrote:

Al_Dente wrote:Nyadv advancing issues 2200+
Volume ratio 4-to-1 bulls

Yep. Notice how Vix has moved to confirm the breadth and yet, TRIN does not reflect an overbought condition. Some very bullish signals.

hi boss is Snogger green?

No. Snog is red . Snog thinks this is a bounce, and will resume down. Snog drinks sometimes though.

Out of Bounds wrote:

EvilTrader wrote:SPY :

Shorting more of this pig.

188 is my average price.

First swing target 175. Stop 186.

good luck !

You're shorting more at 183 and your average is 188?

Sorry, Loaded shorts at 188. average and stop @186.