Cobra's Market View

TraderGirl,
Thanks. I hate going against Bradley's trend. He has been right so far this year. I didn't follow him previous years.

Bradley next turn is mid June ,, saying we should go down a lot into June?

spx..

overlay
nyadv hit 2000 for a millisecond
but trin and banks aren’t really cooperating with bulls yet

We had a Bradley minor turn date yesterday.Since we had a low my guess we're going up this time but not necessarily till june.

TomSky

The turn dates is with +/- 5-7 days ,, so the the next low should be around mid June ,,, the minor high were made 4 days ago ,, so fits well before next move down.

UEMPEL
That dotted orange ma is your 377 on 5min
It’s pretty decent on 5m, no???
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =258735636

uempel wrote:This little cycle has proven to be reliable for several weeks now, it points to 12:30 pm

The attachment 55.png is no longer available

Looking at the same thing with channel line resistance:

uempel wrote:I'm so sorry for BachNut, our friend might have to skip his lunch again : signal is set for 12:30 pm

44.png

Ugh!

"Never miss a meal" are words to live by. You really can't trust trading decisions made on an empty stomach...

I am still short and anticipating pain of a post Apple rally. Yesterday's P-bars appear to be playing out, and I picked up a fair bit of chatter yesterday concerning big buying of S&P futures yesterday.
The dip was bought and some are saying the correction is done. I don't know, but today's action is not surprising.
As sell stops got run yesterday, perhaps buystops get run today. That could add a headache to my bellyache at 12:30...

I've still got a lot of technicals arguing south. So, I'll be sticking with the position until they turn or stops take me out.

DJI is looking pretty bullish compared to other indexes, if we do go down from here looks like we may not break support around 12,760ish..

The board is bullish today, well, here's SSO

still think the biggest bar we just had was an exhaustion bar, we should see a pullback of some kind here.

Cobra wrote:still think the biggest bar we just had was an exhaustion bar, we should see a pullback of some kind here.

cobra, is the Mrs. okay?

key support here.

a kiss

Al_Dente wrote:

Cobra wrote:still think the biggest bar we just had was an exhaustion bar, we should see a pullback of some kind here.

cobra, is the Mrs. okay?

she's fine, thanks. just she usually doesn't believe anyone, so she think the body shop wouldn't repair her car right. I'll leave her to worry about that and argue tomorrow whether the car is repaired right or wrong, blah blah blah, it's her personality, nothing I can do about it.

BullBear52x wrote:The board is bullish today, well, here's SSO

WHO U CALLING BULLISH?
can’t argue a fresh hi
or nyadv >2100 bull
(but just for fun, aapl is the shaded red behind inverted trin on top chart, and banks are faded pink line)
based on the notion that life is overweight aapl and banks….

1357 looks like important support for the SPX, it is around the lower trend channel. If we head below that, then could go lower to 1320-1340, but it could present strong support....IMHO

Line in the sand.

Cobra wrote:still think the biggest bar we just had was an exhaustion bar, we should see a pullback of some kind here.

Cobra, could you comment on AAPL briefly? Is it still going as you talked last night? Thx.