Cobra's Market View

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No idea where the market is heading. Testing the upper blue line then it's ascending triangle, a breakout is likely. Going down to make new lower low then it's double top. so at the current stage, bull vs bear, guess is 50 vs 50.

members only update starts here: http://www.cobrasmarketview.com/2015/09 ... ay-update/

SPX chop around in triangle, wedge.. mind last week's SPX 1922-27 gap should we take out Thur/Fri LOD.. MInor descending wedge SPX 5m.. yellow.. measured move 1910. fwiw. Break lower triangle, pink.. look out below!

AMZN moving into target. 532 already, need 5m candle to close bull.

AAPL already 116.5, getting close to the 118-119 target I mentioned last week. BTW, daily 200SMA = 119

AMZN double top. Think HOD is in, great R/R for bears

hold.. on.. VIX getting wild on the 1m..

Unique wrote:AMZN double top. Think HOD is in, great R/R for bears

AMZN at minor support 524, might need to cover some here. Puts are +30% already. Next level is 519-520 which is Friday lows

TSLA quick squeeze to 255 here, from 252. Can book a fast +20% profit.

/CL - oil trying to hold here.. DXY/USDOLLAR looks a tad weak still. trying to hold 200d

SPX.. try a small short here.. looking for a possible gap fill.. VIX 1m still wild.. moves in the 0.50-0.75 range!

TSLA: Scalp immediate target is 255 from 252 like mentioned before. Keeping a tight stop.

In case this turns into a swing bull by breaking above 255, you will get a fast and furious squeeze to 259-261 target. See charts

Unique wrote:

Unique wrote:AMZN double top. Think HOD is in, great R/R for bears

AMZN at minor support 524, might need to cover some here. Puts are +30% already. Next level is 519-520 which is Friday lows

AMZN: Second leg 5m down, very good. Covered half now +60%. See chart for levels

TSLA: Alright boys, we up +15-20% like planned now. Not even 255 yet.

Taking half size off and trailing the rest if somehow we break above 255, quick squeeze to 259-261 as immediate targets.
Will be a jackpot 100%-200% gain by end of the day. I'm done for the day, good luck all!

SPY, btfd?

Up until a Fed non-announcement on Thursday (or whenever it is they do or don't)...?

15min timeframe, SPY currently above the 20, 50, 200MAs, and daily VWAP

NO RATE HIKE:
According to the 30-day Fed Funds futures prices, which have long been used to express the market's views on the likelihood of changes in U.S. monetary policy, the probability of a September rate hike is only 25%
As of today

H&S Top? which usually fail though.

Declining stocks are 1.7 x advancing stocks (NYDEC/NYADV)
Declining volume is 2.0 x advancing volume (NYDNV/NYUPV)
Bear bias