Cobra's Market View

Fib again. I really wish we could close low of the day, as close here would have us wait for the next week for the conclusion, too bad.

Coil update, a breakdown will measure macd down to about -2.5

Thanks for the week cobra. See you Mon.

Well, I guess, that's if for today, you now know my evil plan, so bulls are far from over yet, although the good news is bears could live for another day, no, weekend, , thank you guys, I'll see you the next Monday. I'll have to drive my father to see doctor, so can only post until 11am ET then a pause and resume, say, 1pm ET?

This could be just a teasing sell to get bears excited. Many stocks I'm interested / held are not bearish at this point.

I expect a slow Monday trade that will grind higher, and we should be at new highs by Tuesday, but after that, beware of a market top at any time.

Strong feeling Eur is going to peak against Usd next week (Mon/Tues). I expect the Dollar then to rally and the markets should go lower. Expect Eur to push higher and SPX to retest previous high first before drop.

Have agood weekend everyone.

Monday could be a rebound up followed by another leg down like today's magnitude, and we will be ready to go up again.