Cobra's Market View

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Chart pattern is not bad because the thick blue line has been tested 3 times, so if bulls could make another test, then likely it'd break, the 100% measured move target at 1685.75 therefore is possible. So let's see.

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

well, breakout indeed. now it's time for bulls to prove themselves: must exceed the 100% mm target otherwise it's just a rebound which is destined to fail.

Interesting article by Cullen Roche

U.S. Treasury: 7 Factors that can Contribute to “Fire Sales” and Market Panics

http://pragcap.com/u-s-treasury-5-facto ... ket-panics

EUR/JPY starting to drop. Negative for SPY

My completely wild guess for how SPY will move today: moves down or sideways for the first half hour or so then after 10 ET starts to climb and doesn't stop until about 1 - 2 ET then starts to fall and concludes with a spike during the last few minutes of the day.

Every day since 9/20 has gone pretty much like this. Will it happen again today?

SPX 15m.... a little head fake?.. and now break down?

L_T wrote:My completely wild guess for how SPY will move today: moves down or sideways for the first half hour or so then after 10 ET starts to climb and doesn't stop until about 1 - 2 ET then starts to fall and concludes with a spike during the last few minutes of the day.

Every day since 9/20 has gone pretty much like this. Will it happen again today?

My WAG is a repeat of 6/4/13 followed by a 6/5 ish continuation.

$USO: Closed yesterday´s long.

SPX 50 day SMA = 1680ish .... Anyone else finding the blog slow?.. it seems it gets hung up on loading...

TWT wrote:$USO: Closed yesterday´s long.

You got the entire retrace to the 20 EMA in 1 day. Nice.

Still watching the potential weekly double top in SPY

Looking for the break below 163 to confirm

L_T wrote:

TWT wrote:$USO: Closed yesterday´s long.

You got the entire retrace to the 20 EMA in 1 day. Nice.

looking for 106-108 to get short.

SPX 15m.. break? .. or head fake.. usually breaks, break down hard....

sorry, just realized it's double top. too late but normally this bear shall have legs.

Cobra wrote:sorry, just realized it's double top. too late but normally this bear shall have legs.

Internal are different. Maybe the bears are serious this time.

SPX 60m

Light pomo over the next week with none on Friday or Wednesday. fwiw

Thu, Oct 03, 2013 $1.25 - $1.75 billion
Mon, Oct 07, 2013 $2.75 - $3.50 billion
Tue, Oct 08, 2013 $1.25 - $1.75 billion
Thu, Oct 10, 2013 $1.00 - $1.50 billion
Fri, Oct 11, 2013 $1.25 - $1.75 billion

VIX daily.... hmmm double top?... or break out?