Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

It's a breakout then back test the breakout point, so not bad.

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

Spend wisely. Vote Cobra. glta.

SPX 60m

GM ALL,
Weekly view on SPI. 1840 area (top of black channel) was reached during hollidays. Upside seems quite limited except if we manage to break the black channel on the upside.
Target still the same 1877+... a pullback to 1790/1800 could be in the cards before a rise to 1877 in early february...

SPX 5m... mind the gaps...

morning hourly black bar again.

SPX 5m

NDX 60m.. the big boys feeling some heat... GOOG near uptrend support... others under/on...

Note..Liquidity flow..The fast green has had up tick 2 days in a row..Institutions are in an up trend..NYA 30 CRSI is + 8.70..Things look positive for a few days..If it keeps up looking for 1850..Took a couple of swing longs sooo lets see.

SPX 5m.. filled gap.. on possible channel support... mind the lower interday gap from yesterday..

Neutral.

My summation signal is technically up but vacillating between up and neutral.
I need two days of consistent readings to pick a side. The signal has been flopping like a fish out of water.

My composite trend signal is up and steady as she goes.

The bulls seem fine but there are some things under the hood that seem off or vulnerable (put/call, my summation signal, SKEW, low VIX, down first days, a swath of down P-bars, etc.).
Hence, I have been waiting for a price that tilts risk reward in my favor (seems like I won't get it) or some clarifying technical clean-up (I still won't like the price).
This is not a good market for me, and I am pretty ambivalent about trading it.
I'll probably spend another day spectating.

SPX 15m .. possible bearish rising wedge.. possible triangle.. red/pink

volume surge, biggest red bar, so might see rebound here first which likely would be sold.

SPX 5m, 15m, possible support.. break... look out below... oh filled the interday gap from yesterday... and invs. H&S failure

bounce into europe closing, then down to 11410 and maybe 11370 ish, bounce up into close ahead of big pomo friday?

Dow Descending Triangle? Lower low to go with lower high?