Cobra's Market View

SPX ... cover partial short here.. .. SPY fills morning gap..

/CL - USOIL.. near downtrend... "could" explode up.. nearing 200d.. only 0.60 away W/D/60m

daxer wrote:guys what happend to oil, i was just looking the brent chart 5m and come a huge green bar all of sudden

WTI CL Update:
double bottom leg 2 squeeze today.

Previous update: viewtopic.php?f=2&t=1709&p=194244#p194244

possible time to short Biotechs.. double top.. weekly $BTK.. small position BIS - ultra short biotechs

Unique wrote:

daxer wrote:guys what happend to oil, i was just looking the brent chart 5m and come a huge green bar all of sudden

WTI CL Update:
double bottom leg 2 squeeze today.

Previous update: viewtopic.php?f=2&t=1709&p=194244#p194244

impressive, and dax is getting chopy as well

SPX possible support.. hourly looks a tad sick.. should we close in this range..

Unique wrote: TSLA Update: Expect a consolidation sideways day, 261.5 vs 256 range. Or 261.5 vs 258.50 = $3 range only
Lots of trapped bulls here from yesterday, so don't be fooled like 15min ago 261.2 rejection for bull follow through

TSLA Update:
5m ascending triangle breakout 261.5 trigger, current price 262.50, immediate squeeze target = 264.
Still an inside day, if above 264.40. Then, we finally get the 268 target.

rebound from yesterday's low, must be up and up and up, another test of the blue line, unlike it'd hold.

descending wedge.. last hourly outside reversal.. SPX

Unique wrote:

Unique wrote:
GOOGL Update: Sideways action to make 1HR 20EMA (currently 557.8) catch up, looking to buy the dip hourly timeframe there if market cooperates
If hourly closes below 1h 20ema, it would mean lots of trapped bulls and this was a daily breakout failure. Friday's close = 557.7

GOOGL Update:

We're here, 50 cents~ from 1h 20ema now, current price 558.30. Key time to determine BTFD or not

5m bull bar, 15m bull bar. BTFD confirmed. Hourly time frame. Decent R/R risk $1-2 for 4-5

Unique wrote:

Unique wrote:AMZN UPDATE: KEY TIME, at inflection point 433 is major support level. Lots of trapped bulls here if it breaks.
Look out below! See if there's a 5m/15m candlestick bottom there for a great R/R sticksave buy if so.

AMZN Update:
Impressive bounce so far from 5m bull bar engulf bottom setup,
now if break 437.73 then immediate squeeze target is back to 439. Key time
2minutes until 15m bar closes

edit: typo, meant 437.73

439 target reached. 440->445. Key time again.

Accum/dist line is steady down last few days. Thing that makes you go hmmm...

Unique wrote:

Unique wrote:

Unique wrote:
GOOGL Update: Sideways action to make 1HR 20EMA (currently 557.8) catch up, looking to buy the dip hourly timeframe there if market cooperates
If hourly closes below 1h 20ema, it would mean lots of trapped bulls and this was a daily breakout failure. Friday's close = 557.7

GOOGL Update:

We're here, 50 cents~ from 1h 20ema now, current price 558.30. Key time to determine BTFD or not

5m bull bar, 15m bull bar. BTFD confirmed. Hourly time frame. Decent R/R risk $1-2 for 4-5

GOOGL long term.. sitting near the edge of a cliff.. yesterday's candle.. evening star/gravestone-ish.. confirmed today?

Seems like everybody fleeing out of the market.

short term indicator from sentimentrader indicating oversold, cautious with short here

fehro wrote:
GOOGL long term.. sitting near the edge of a cliff.. yesterday's candle.. evening star/gravestone-ish.. confirmed today?

Yest high is 61.8% of fib on daily, first try rejection at a major fib retracement is typical. Should be interesting how today and tomorrow daily closes.
To see whether 577 major target coming up soon or not (yest being temp top)

Regardless, intraday immediate target is 561.7 and 563 for the risk $1-2 for $4-5 trade. Also, GOOGL trading inside intraday 5m bear channel from yest.\
Lunch hour right now, volume gonna may disappear and price may flatline like a typical day first then afternoon to see whether 561.7 and 563 possible

AMZN and TSLA already breakout and running well.

Done for the day. Charts for the road:

TSLA still 268 target.
AMZN still 445 target, next would be 447,452.65
GOOGL still 561.7 and 563 target. Uber bull would be 565

Fehro, also on the daily GOOGL. The longer we hold above the 558 breakout resistance line the better for swing daily bulls.
Pretty important week for bulls.
Obviously, a daily close below 558 would confirm breakout failure and too weak....

Peace

Unique wrote:Fehro, also on the daily GOOGL. The longer we hold above the 558 breakout resistance line the better for swing daily bulls.
Pretty important week for bulls.
Obviously, a daily close below 558 would confirm breakout failure and too weak....

Peace

yes weekly candle not pretty at the moment.. 50w dangerously close 556 .. death cross on the daily all the daily ma's at 550!! .. breaks below those.. think the uptrend form 2004 isn't going to hold.. and be very careful of that thin zone.. anywhere near there.. you'll see some serious downside action .. $30 dollar move possible in day. fwiw.

Is this the trigger..you dont see news like this on front end media..for obvious result..

http://www.zerohedge.com/news/2015-06-2 ... k-proposal

Update: