Cobra's Market View

"Trends exist until definitive signals prove that they have ended"

Buy/Sell until it fails

At least, should put this rally a cap >> double top anyway ! [/quote]

people would say too obvious to be true. I dare not believe any bear patterns anyway.[/quote]

Yeah thats for sure. Friday's Jackson Hole will bring more info about probable Fed move. Lets see how the market reacts.

a nice outcome would be a false breakout up (so over 200-201 spy area) blow out every known stop short term and then trouble. bottoms or tops made on false moves have a bit of juice near the start of the move. there is a off balance feel to them that is always good. also sooner or later euro zone maybe more of an issue than seems to be now. most people seem to be assuming a simple QE move. but it's method and timing over there--more than outcome.

good luck evil trader (and everyone else)

In case it wasn't said earlier ....... "WE ARE NEVER GOING DOWN AGAIN" !!!

VIX 15m.. now showing some movement.... weak

Long lost snog

EvilTrader wrote:Despite the initial noise, bearish IMHO.

At least, should put this rally a cap >> double top anyway !

Not much selling til 195.0 though. That's smart money mostly and they got it cheap. The pain threshold is way back down there.

SPX 15m nearing the gap fill

Not much selling til 195.0 though. That's smart money mostly and they got it cheap. The pain threshold is way back down there.[/quote]

as bull bear says rally till it's done--and your point also. however eventually we hit the 200 ema spx and likely bounce first time down there. i am not really hyper bearish--but the more i see people respond to mr flames the more i wonder. nov would be 2 years on 200 ema hits and it's fairly rare since 1950 to go much past that. either way sep-oct should be colorful.

good luck to all

Again risk return/high !!! re

quientuves wrote:So, welcome Alegría...!

thanks nice to be here $$$$$

Look familiar?

There goes TMUS

all time new high. this bull may still have legs.

BullBear52x wrote:Look familiar?

no more, extinction imo

TRIN is at 0.46.

Typically at these levels market reverses course in the next 1-2 days.

Of course we are not in "normal" mode anymore and unless Draghi or Jan-Jan say something utterly devastation on Friday, then all signals are broken until further notice.

alegria wrote:

quientuves wrote:So, welcome Alegría...!

thanks nice to be here $$$$$

Welcome
Any friend of Out of Bounds is a friend of ours

SPX 15m.. gap filled, minor ending diagonal... bombs away.. hahahah

MrMiyagi wrote:TRIN is at 0.46.

Typically at these levels market reverses course in the next 1-2 days.

Of course we are not in "normal" mode anymore and unless Draghi or Jan-Jan say something utterly devastation on Friday, then all signals are broken until further notice.

and NYSE breadth just went positive for the FIRST TIME today! I don't understand that one...