Cobra's Market View

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3 push down, so 2 legged rebound? Or still 4th push down then 2 legged rebound?

members only update starts here: http://www.cobrasmarketview.com/2014/12 ... ay-update/

VXN will open in the topping zone of 21-23, but of course the Oct spike being an anomaly could still be a range possibility. What bulls need to see is a big red bar similar to the other prior spikes. It does look like with a down Friday possibly in the works this sell off can go a bit longer. Depends on the close today.

Spy 200 seems to look more and more likely to me. I think those levels from late OCT/early NOV are not quite resolved.

/es 4hr.. levels.. crazy H&S levels 1960ish

too stretched, so might be a rebound first then we'll see.

Breadths on the majors are not fooling around.
NYSE -1728
S&P -374
Russell -1641

VXN opens 21.27. Very very high relative to long term ranges, but 23 and of course 30 are the most extreme cases. Sentiment wise we're hitting record lows in bullishness.

Total ISEE put/call ratios are pretty much at record lows. In the past 15 years, market participants have never been more bearish.

As per script...
viewtopic.php?f=2&t=1513&p=178662#p178662
Will go long ~ SPX 2000

ISEE equity put/call is nearly the same. Not quite a record but considering we're a few percent from the last all time high I don't understand why this is so low.

SPX… NDX back in channel..

Will go up at least until 11:00

Thanks !
I've learned to read the fine print.

FlowerGirl wrote: As per script...
viewtopic.php?f=2&t=1513&p=178662#p178662
Will go long ~ SPX 2000

Histogram is still bullish, it is what it is....until she fails.61.8% watch

SPX possible support levels here.. yellow bullish falling wedge… lower low, MacD pos div .. need a hammer type candle 60m.. if not pink H&S? for crazy bear targets

minor line adjustment SPX 60m

Nasdaq 100 is about to go green. Someone must have got an early read on the sentiment numbers.

Edit: It's green. Bears should watch out, could be a steam-roller.

IWM still in channel

morning hourly hollow red.