Cobra's Market View

uempel wrote:Check the H&S:

17.png

That's a butt-ugly non-H&S. The little top at 3:00 looks like a better shoulder.

Will SPY (1 min) pierce the 200 ma? Rebuffed twice today.

Fib extensions target,

eur/usd breaking down a little bit - new US market low. let's see if it has any guts to test the overnight low...still a good 40 pips away from that.

Master Cobra,

Kind of a slow day. AAPL is outperforming after several days of lagging.

Any insight to the Apple chart?

Thank you very much

So far my H&S seems to be a dud:

L2 short.

No, not a dud, could go down to 1245...

Update

ES http://99ercharts.blogspot.com/2011/11/es_7529.html

Looks like we went from a H&S to a W bottom on the hourly.

But then again who knows? Gold and silver are screaming warnings to me.

The Euro gold chart is literally a canary. That is almost 100 EUR in a 2 weeks.

BullBear52x wrote:Fib extensions target,

I like yor targets

Tick tock tick BAM! got ya moment is closing in.

What IWM got to tel? more to the down side, but power that be will allow that is another thing.

KENA wrote:

BullBear52x wrote:Fib extensions target,

I like yor targets

Thanks, if it's bull target we got there two minutes ago

wonder what will entice the market to buy euro this afternoon...looking like we might be going the way of yesterday.

BullBear52x wrote:Tick tock tick BAM! got ya moment is closing in.

up or down - do I flip a coin?

how the heck do we get large green (15-min) candles intraday with so little volume...maybe it's a sign to cover?

failed L2 short, I think bulls are going to test the morning high from here. bears are weak.

Roadrunner wrote:

BullBear52x wrote:Tick tock tick BAM! got ya moment is closing in.

up or down - do I flip a coin?

yes, coin flip with head is up tail is up.

Bull trap, watch.

I was contemplating a quick short, glad that I was too slow