Cobra's Market View

ES

Wonder where we'd be if Ben hadn't arrived on the scene with his QE love letter this morning........

wayne0708 wrote:Wow... this bull has more legs than I thought

wayne0708 wrote:

Cobra wrote:the 2nd high attempt, now bulls in the river of no return, no failure is allowed here.

Wow... this bull has more legs than I thought

to run with more legs is not that convenience, could you imagine a cow with 5 legs

MrMiyagi wrote:

wayne0708 wrote:Wow... this bull has more legs than I thought

MrMiyagi wrote:

wayne0708 wrote:Wow... this bull has more legs than I thought

you beat me to it

joe-gamma wrote:Nrsimha has a decent point, except bearish engulfing candle on week dow, and bullbear divergence on weekly spy...

TraderGirl: any turns bewteen now and sept 15?

thanks all and GL

There is positive energy into next week 29-30th on my charts... I will know the weekly turn over the weekend to better narrow it down...

This weeks turns Thursday and Friday turned out to be positive and negative....the turn actually happened on Tuesday, but everyone knows that that was an exhaustion move anyways...Thursday turned down even more, and Friday turned up....

The next big turn could be around Sept 6th...trough or crest...??? Don't know what Sept charts look like yet...?? Could be a trough?? We'll see...

That's gross Miyagi.

We didn't need to see the McDonalds beef farm. Poor animals with extra legs have enough problems without getting turned into a Big Mac.

BullBear52x wrote:

MrMiyagi wrote:

wayne0708 wrote:Wow... this bull has more legs than I thought

you beat me to it

I like

I said SPX would take a dump........


Behold.

looking at russl, hard to wanna be short, maybe we consolidate and do nothin into month end?

well, guess that's it for today. cannot believe nowadays every Fridays are very very bullish, didn't notice any good news in the weekend though. Thank you guys, I'll see you TOMORROW.

wayne0708 wrote:

BullBear52x wrote:

MrMiyagi wrote:

wayne0708 wrote:Wow... this bull has more legs than I thought

you beat me to it

I like

rocky mountain oysters anyone?

have a great weekend and see you on the weekend board!

remember to vote for me before leaving this forum, thanks. you have a great weekend! http://stockcharts.com/public/1684859/tenpp

4.15 million last sell on SPY

TraderGirl wrote:

joe-gamma wrote:Nrsimha has a decent point, except bearish engulfing candle on week dow, and bullbear divergence on weekly spy...

TraderGirl: any turns bewteen now and sept 15?

thanks all and GL

There is positive energy into next week 29-30th on my charts... I will know the weekly turn over the weekend to better narrow it down...

This weeks turns Thursday and Friday turned out to be positive and negative....the turn actually happened on Tuesday, but everyone knows that that was an exhaustion move anyways...Thursday turned down even more, and Friday turned up....

The next big turn could be around Sept 6th...trough or crest...??? Don't know what Sept charts look like yet...?? Could be a trough?? We'll see...

thanks for input! GL

Thanks Cobra and everyone, have a good weekend

Next week is one day week for me.

TradingJackal wrote:Will divergence play again?

Update

We saw this bounce coming last night. Sure enough it bounced on 1398 on Gann Cycle date. Next date is August 30th. Right before Jackson Hole Fed Mtg