Cobra's Market View

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Don't know how high the rebound can go, generally, it'd fail eventually.

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

Mind the 20d/50d 2089/2101 to the upside, yesterday's morning open gap, upper trends. Watch for VIX support.

/ES holds a higher low "RS" (2065) of invs H&S (neckline 2077) on the 60m measured move = 2100. Looks very pretty! not on this chart

SPX.. mind the morning gap

ES UPDATE:
Decent bounce overnight as per last night's post. Now, bulls need hourly close above 2081 to confirm second leg up continuation, or else we may throwback and retest 2065 again.
Might be a fun day before Fed day...
All in all, first part of the easy money is gone since overnight bounce was decent

TSLA = BTFD all day, 251 stop. Maybe easiest money of the week

/es pulls back into the "RS" zone, daily pivot... will it hold.. dabble a small long here

RUT is not happy at all... lower lows than yesterday..

Momentum leaders all dead. AMZN GOOGL NFLX all sold the rips this morning gap. Tech leading would be nice for bears

SPX .. fill this morning gap first?.. yesterday's still open.. making possible another RS on SPX.. if we hold higher low .. 60m.. bear flag eventually

AMZN: An hourly close below 525 would open up the flood gates -> daily earnings gap
GOOGL: An hourly close below 650 would open up the flood gates -> daily earnings gap

Until then, bulls gonna keep trying to scalp buy since great R/R at major support

fehro wrote:SPX .. fill this morning gap first?.. yesterday's still open.. making possible another RS on SPX.. if we hold higher low .. 60m.. bear flag eventually

These first two hours of SPX/ES closing candles pretty damn important, let's enjoy the ride
ES bulls must hold 2065 hourly

SPY 15m.. adding to the longs.. cautiously

morning hourly black bar.

SPX .. tries to invs H&S .. VIX may H&S .. SPX hourly white.. vs SPY black.. fwiw.

INDEX... wholly TRANsports.. strong.... TLT pulls back

note BIDU

looking at a long in this area 2063 ES
though worried about 2058.25

any thoughts?

Two of Three ISE indicators = BUY

https://www.ise.com/market-data/isee-index/