Cobra's Market View

Why I think this bull flag looking is a bull trap? Neg. histogram, show me the money and positive histogram then the screaming buy on all of my time frames will be yelliiiiinnng

"We're never going down again!!!!"

BullBear52x wrote:SPY intraday = Sell.

BB would you do me a favor please and put TNA in this same chart and show the results? I'm curious to see if it shows the same signal. Thanks!!!

2 month % performance of the SPY components, plus volatility
health care (orange) is still on a tear, tech (black) is racing up there
tech plus health care represents roughly 30% of SPY

Turning intraday?

TNA 5 minute

L_T wrote:

BullBear52x wrote:SPY intraday = Sell.

BB would you do me a favor please and put TNA in this same chart and show the results? I'm curious to see if it shows the same signal. Thanks!!!

IWM/TNA

MACD signal double bump, for educational only.
Bull or Bear screaming.

BullBear52x wrote:

L_T wrote:

BullBear52x wrote:SPY intraday = Sell.

BB would you do me a favor please and put TNA in this same chart and show the results? I'm curious to see if it shows the same signal. Thanks!!!

IWM/TNA

Looks like it's in the same boat. Thanks.

XIV daily. RSI cross to 50 will trigger the buy signal. As long as we don't fall apart this afternoon or tomorrow this will certainly become a buy.

However Cobra's hourly red bar observation remains. It has a pretty good win rate.

L_T wrote:Turning intraday?

TNA 5 minute

RUT and TNA struggling to get over their 50d SMA ... take this chart with a grain of salt... possible H&S .. trying to over take yesterday's possible toping doji.. rising price/declining vol not very bullish imho.

this pullback probably would be bought as well.

Mr. T wrote:"We're never going down again!!!!"

About time you showed up Fool!!!

now 2nd test of day high, key time.

Spy - USD/JPY - 1Hr : Divergence

MrMiyagi wrote:

2492.png

Is there still a 'open' p-bar on SPY down to 175.29?



P.S. MrMyagi: I would be honoured if you could take a peek at your charts for GDX (and NUGT) to see if there are any P-bars there?

Rob Hanna shows a bearish edge for today and tomorrow
“Based on the stats table there appears to be a downside inclination. The note at the bottom of the study is especially interesting. Nearly every case has experienced an almost immediate pullback, but those that didn’t went without pulling back for a long time “

BTW, imo GDX daily chart looks very short-term bearish (but long-term bullish) -- not only does it have a confirmed
"Three Gaps" reversal (with third gap filled already) but today's action puts in a bearish "stick sandwich".

However, divergence, MACD and ichimoku cloud analysis points to intermediate/long term bullish !!

MrMiyagi wrote:

Mr. T wrote:"We're never going down again!!!!"

About time you showed up Fool!!!

Yeah, been busy

For fun, I know some of dome expert here will have a thing or two on them.

Daily dome construction.