Cobra's Market View

BullBear52x wrote:A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Get ready to send those 2k contracts

Neutral.

All my signals remain down.

I should be short but I don't like being exposed to FOMC volatility.
We'll see what the remainder of the week brings.

Supports:

Raising my sell target as result of housing data.

Al_Dente wrote:existing home sales and phila fed mfg index at 10:00 ET

both positive

/ES my buy line above 13+

Will good news be bad news or is it still bizarro market?

BullBear52x wrote:A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Same here, one more push down (e?) looks like ending diagonal (5th wave of something)

Nothing but air and gravity for SPX going to 1350.

nydec at 2800 is rare

It looks as if the Yen carry trade has ended. The Yen and US markets appear to have decoupled. Last time I said this, they immediately fell back into line so bear that in mind.

Anyone having problems accessing Fidelity.com?

KeiZai wrote:

BullBear52x wrote:A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Same here, one more push down (e?) looks like ending diagonal (5th wave of something)

ES-4.png

Nice chart boss, too much demand is not good either

BTFD mentality need to get spank once in a while.

CB Conference Board Index of “10 Leading Economic Indicators “
reported at 10:00 = RED
0.1% on projected 0.2%

Out of Bounds wrote:It looks as if the Yen carry trade has ended. The Yen and US markets appear to have decoupled. Last time I said this, they immediately fell back into line so bear that in mind.

could u post that "8 in one" chart when u have a moment bos
TIA

BullBear52x wrote:

KeiZai wrote:

BullBear52x wrote:A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Same here, one more push down (e?) looks like ending diagonal (5th wave of something)

The attachment ES-4.png is no longer available

Nice chart boss, too much demand is not good either

BTFD mentality need to get spank once in a while.

Looks like the plan is to kill all the stops first and then BTFD Evil 1596.5 about to go. Fits well with the 5th wave scenario.
The more oversold we become the faster the bounce, the easier to potentially make money on impulsive momentum Have to be patient in order not to lose hard today

SPY:

Crude Oil, rebounding now, leading the market on the minute chart.

BullBear52x wrote:

KeiZai wrote:

BullBear52x wrote:A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Same here, one more push down (e?) looks like ending diagonal (5th wave of something)

The attachment ES-4.png is no longer available

Nice chart boss, too much demand is not good either

BTFD mentality need to get spank once in a while.

Haha yeah agree boss but support here is too good not to buy it
Below it is a different story