Cobra's Market View

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Still in range, so this sharp up could be a vacuum to the range high (upper blue line).

members only update starts here: http://www.cobrasmarketview.com/2015/07 ... ay-update/

Having fun yet? Another gap on overnight movement mind the morning gap, and 200d 2055. And yesterday’s gap 2078-81ish. Still in expanding triangle/bear flag 60m, still in a downtrend channel, fwiw. VIX possible ascending triangle.. should they fade the gap.. target still in 24 range if it plays out.

/CL into horizontal resistance.. bear flag of sorts 60m

USD.. possible chop.. bullish falling wedge.. channel 60m

fehro wrote:Having fun yet? Another gap on overnight movement mind the morning gap, and 200d 2055. And yesterday’s gap 2078-81ish. Still in expanding triangle/bear flag 60m, still in a downtrend channel, fwiw. VIX possible ascending triangle.. should they fade the gap.. target still in 24 range if it plays out.

Never mind the small range in ES. Played the a50 futures china on singapore exchange and up 10% overnight. Great instrument for those that don't wanna sleep on 200DMA calculated R/R deadcat bounces
R.I.P sleep schedule

SPX mind green down channel 60m.. descending wedge 15m

Unique wrote:

fehro wrote:Having fun yet? Another gap on overnight movement mind the morning gap, and 200d 2055. And yesterday’s gap 2078-81ish. Still in expanding triangle/bear flag 60m, still in a downtrend channel, fwiw. VIX possible ascending triangle.. should they fade the gap.. target still in 24 range if it plays out.

Never mind the small range in ES. Played the a50 futures china on singapore exchange and up 10% overnight. Great instrument for those that don't wanna sleep on 200DMA calculated R/R deadcat bounces
R.I.P sleep schedule

hahaha awseome! you go Unique.. congrats!

ES Chart Update:

viewtopic.php?f=2&t=1725&start=140#p195409

Nothing new. Still same gameplan, waiting for hourly battle of 2063 vs 2034 confirmation to get into some swings.
Waiting for hourly close bar

way too stretched on the upside, so might be a pullback or consolidation first.

Is the a data error? A/D volume is greater than 33 at this moment.

chickencoop wrote:Is the a data error? A/D volume is greater than 33 at this moment.

I'm seeing this too - maybe an imbalance from yesterdays trade failures?

SPX.. dabble short small position .. watching hourly

It is unlikely to stay here but 37:1 advancing to declining volume is the highest level in years. Was this our March 2009 moment we've been looking for in equities? China just had its one day biggest increase since March 2009.

China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Huge bet yesterday night at close on ES ! See volume !

Al_Dente wrote:China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Remember when we banned short selling ;-/ It's like they took our crises playbook and just made it egregious.

Today is fairly important on ES daily candlestick close wise, since July 6 we got a full bull bounce daily bar, then July 7 we got the large bottom tail bar (tested both extremes low+high, which means indecision by price) yesterday we got the full bear rejection bar. All in all, lots of trapped traders in both scenario. Textbook classic of squeeze/breakdown coming up. Pattern so far favours bears since price below 2078 rejection +2085 consolidation deadcat bounces for now.

A bull breakout bar above 2073.25 is needed today for daily bulls and bears wouldn't mind a daily inside bar of yesterday's 2073.25 vs 2036.25 range.

Don't care which side wins, just waiting patiently to enter swings when price confirms easy money. Until then, gonna continue day trading my tech stocks. Peace!

INDEX days..SPX inside day atm

champix wrote:Huge bet yesterday night at close on ES ! See volume !

5m is often false hope for some people.
1HR chart volume says it's just a typical day.