Cobra's Market View

Small gap down within yesterday's range, so the gap should be filled. OE day today, should be a little mess, so I won't read anything today seriously.

Hi Cobra, I looked at QQQ yesterday. In my interpretation it is not different from the other market leader indexes. I counted two pushes up, with a little extra bump, but that is normal. QQQ prices are within the channel. The little extra bump exist on the SPX and DOW charts too. I do not see signs of faliure of the uptrend yet, except everybody expects it, which is rahter an opposite sign. I may be wrong as many times in the history

Good Morning.
Should be a fun day; EURUSD just about says it all.
http://99ercharts.blogspot.com/2011/05/eurusd_8226.html

ES
Should head for the lower boundary of that down channel now.
http://99ercharts.blogspot.com/2011/05/es_5574.html

DX
IH&S.
http://99ercharts.blogspot.com/2011/05/dx_5623.html

the open.

Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?
Thanks.

be careful, the support may not hold the 3rd touch.

AK84 wrote:Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?
Thanks.

nothing next week, other than bearish Monday.

today the key key key point is es 1330. sell will be triggered if go lower.
not much to do. oe day is always fishy. it's good time to take a break and get ready for the weekend

Cobra wrote:

AK84 wrote:Hi cobra,

Good Morning!! What is seasonality for next week esp Monday ?

Any big weekend plansss ?
Thanks.

nothing next week, other than bearish Monday.

what about weekend plans ??

could rebound or consolidate here then another leg down.

symmetrical triangle text book target.

UUP, be careful of bull flag breakout.

My view is Bear still have chances if 1,346 is not broken out in next two trading days and chance is clear if SPX close today below 1,339.

My guideline today would be like this:

Short if SPX tends to close below 1,339 (means it is below 1,339 at proximate to market close). Otherwise I have to wait and see.

http://stockmarketwinner.files.wordpres ... hourly.png

http://stockmarketwinner.files.wordpres ... =300&h=268

EUOUSD, the next support.

some fib info.

the far the rebound looks like a small bear flag, especially QQQ, now it's a critical time.

AK84 wrote:what about weekend plans ??

buy annual to plant, it's flower time.

10-year Note
Hey Ben...
http://99ercharts.blogspot.com/2011/05/10y_20.html
Looky here.