Cobra's Market View

heavenskrow wrote:VXX retests support 3x times today,
what do u guys think>???

Heavens: I’m just glad u r out of that virgin juiced etf UUPT
Special request: please say “F word” instead of spelling it out
BTW: nice last minute sqz VXX

Have a good weekend folks. Thanks Cobra for hosting the site.

alright, so after that weird last 40 minutes...who's STILL holding shorts over the weekend?

<raising hand> smallish position.

volume surge + largest bar, so hopefully a rebound of some kind here. bears still have to hold 5 min. so far so good.

Interesting..We had two domes formed today..One up side dn and this dome..Both did there thing..One up One dn

Al_Dente wrote:

heavenskrow wrote:VXX retests support 3x times today,
what do u guys think>???

Heavens: I’m just glad u r out of that virgin juiced etf UUPT
Special request: please say “F word” instead of spelling it out
BTW: nice last minute sqz VXX

my bad, ill type out F word from now on.

Yeah UUPT has potential long term, but id rather just make the 15% swings each week...

COBRA..Thanks for the week..See all next week...Quite a day

YES, YES, YES, Cobra!! Note: Picture the scene in the movie with Meg Ryan where she says this to Tom Hanks at the restaurant. I'm a girl so this works. Thanks, Thanks, Thanks, King! I got back into TZA thanks to your awesome notes. I didn't even think about how good it was if we stayed red. Duhh.

guess that's it for today, the close is good for bears assume no miracle in the last 3 minutes. thank you ladies and guys, I'll see you the next Monday. Yes, that's right, THE NEXT MONDAY. The stock market still opens for the next Monday.

moved as planned

Thanks Cobra, being a newbie, I have learned a lot on this forum and still learning....
Have a good week-end !

jarbo456 wrote:alright, so after that weird last 40 minutes...who's STILL holding shorts over the weekend?

<raising hand> smallish position.

here

We have a failure candle on the Weekly SPY/SPX/Es

I saw a lot of bulls prematurely cheering right here on this board.

I have to say that mr. Market is MERCILESS.

Roller Coaster FULL MODE.

Cobra wrote:pullback as I said. bears just need a red day, still 17 min to go.

The last minutes down are due to liquidation of bad bull positions. Not bear actions.

brentos wrote:phantom bar down to 1158 on 2 min prophet charts/TOS. there for a min and disappeared

well brentos - would seem your P bar had it close all along

Thanks Cobra. Enjoy the sunshine!

Well, not quite a bearish engulfing candle here, but still bodes well for bears next week.

Congrats on the revisit of TZA, SK.

over and out.

rpccharts wrote:We have a failure candle on the Weekly SPY/SPX/Es

Could you explain what you mean by failure?

Thank you Cobra Mensch and all others on this board

damn! it closed. the fun is gone.
u have a nice weekend