Cobra's Market View

Interesting stock market video on S&P 500 making a remarkable recovery.

How it is back at a crucial Fibonacci retracement level which could present major problems for this index.

It can be found on the right sidebar under tools-free trading videos2.

http://stk.ly/qYFCaS

StrikePrice wrote:Look for SPY below 125.41 at 2:30. That will confirm my sell signal. I anticipated the signal, which is what we must do to gain edge.

Valid Sell Signal triggered at 3:30. Not sure if we hit 5 of 5 or we're in 4 of 5. Tomorrow's open should reveal the Truth.

Unique wrote:

Unique wrote:SPY should retest 1min 100sma here, or else we''re going to dive baby

SHORT!

Oh yeah baby. Go go bears! . Test 123, then it'll probably consoldiate a little bit and retry.

watch this area for today before the close ( support )

Let's see if we ge a kick save into close like the last 4 session if memory serves me correct.

waverider wrote:SPY just broke a three day support trend line.

Hi wavy, good catch thanks
Also, first time all day spy testing vwap
first time all day 5m tick dropped below zero line
mmmmm

SB73 wrote:Let's see if we ge a kick save into close like the last 4 session if memory serves me correct.

*punt* here it goes.

Richarab wrote:

SB73 wrote:Let's see if we ge a kick save into close like the last 4 session if memory serves me correct.

*punt* here it goes.

No kick save would be good for bears...another kick save probably means higher high tomorrow.

Richarab wrote:

SB73 wrote:Let's see if we ge a kick save into close like the last 4 session if memory serves me correct.

*punt* here it goes.

vwap bounce

StrikePrice wrote:

StrikePrice wrote:Look for SPY below 125.41 at 2:30. That will confirm my sell signal. I anticipated the signal, which is what we must do to gain edge.

Valid Sell Signal triggered at 3:30. Not sure if we hit 5 of 5 or we're in 4 of 5. Tomorrow's open should reveal the Truth.

True. Today we are following like how Asia traded - fell off at the close. Still danger area to short as stoch so high.

waverider wrote:

Richarab wrote:

SB73 wrote:Let's see if we ge a kick save into close like the last 4 session if memory serves me correct.

*punt* here it goes.

vwap bounce

euro not helping

bonds confirming a bounce to close up spy.

Did we just kiss the broken wedge goodbye?

Was expecting more of a downside towards the close... hmm.. headscratcher.....

Unique wrote:

Unique wrote:SPY should retest 1min 100sma here, or else we''re going to dive baby

SHORT!

Oh yeah baby. Go go bears! . Test 123, then it'll probably consoldiate a little bit and retry.

Moment of truth...

i think we just saw the double top

Once again, MM keeps all of us guessing with no significant breakout to the uptown or downtown.

pady wrote:

StrikePrice wrote:

StrikePrice wrote:Look for SPY below 125.41 at 2:30. That will confirm my sell signal. I anticipated the signal, which is what we must do to gain edge.

Valid Sell Signal triggered at 3:30. Not sure if we hit 5 of 5 or we're in 4 of 5. Tomorrow's open should reveal the Truth.

True. Today we are following like how Asia traded - fell off at the close. Still danger area to short as stoch so high.

I like a close below 125.36. So far looks possible.

MrMiyagi wrote: Was expecting more of a downside towards the close... hmm.. headscratcher.....

please don't scratche your head anymore, there is no hair at all.

EURUSD
http://99ercharts.blogspot.com/2011/10/eurusd_5244.html

Bratwurst, anyone?

too weak at vwap?