Cobra's Market View

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Generally this rebound would be sold.

SPX... mind the two lower gaps.. 1872-67 / 1864-60

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

Long range view-- of note is that yest SPY triggered a Second classic daily chart MACD crossover sell signal... without having gone above the zero line first. This has only happened once in the past 4 years (June 2012)...

ES: Decent overnight hourly bull bar reversal. Two hourly bars engulfed the previous 10 bars range. Also, the minor support 1860 held as it temp bottomed 1861 overnight.
No failure allowed for bulls deadcat bounce here...which targets 1895-1900. Or else, this is just 1HR 8EMA+20EMA shorts re-entry once again.

TSLA if above 252 targets 255 immediately for the deadcat bounce.

Unique wrote:ES: Decent overnight hourly bull bar reversal. Two hourly bars engulfed the previous 10 bars range. Also, the minor support 1860 held as it temp bottomed 1861 overnight.
No failure allowed for bulls deadcat bounce here...which targets 1895-1900. Or else, this is just 1HR 8EMA+20EMA shorts re-entry once again.

weak

ES: Key time bulls, possible higher low hourly/1-2-3 trend change setup here at 1869-71 support region for the 1895-1900 target. No failure allowed.

If lower low, then we are just heading towards 1850 bear target

SPX holding.. but those 2 gaps ... sooooo close...

AMZN: Current 15m bar could be huge bull reversal bar. Same target as yesterday, leg 2 = 510

I was going to buy more on the open but futures dropped and now its turned red so im holding off on getting longer for the moment.

Here comes the fast and furious dead cat bounce boys. All aboard the train.

GOOGL: 631 and 635 immediate target

All Three ISE Indices Uber Bullish

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

VIX overbot and RSI oversold, w McClellan BUY

Unique wrote:AMZN: Current 15m bar could be huge bull reversal bar. Same target as yesterday, leg 2 = 510

AMZN: First target fulfilled. 515 soon. Be patient.

TSLA: 255 immediate target fulfilled. Took some profits off and trail the rest, already +50% in the calls

Next is major resistance at 258. If somehow above 258, then it means this is likely not just a deadcat bounce. Yesterday's high = 259.79

Unique wrote:ES: Key time bulls, possible higher low hourly/1-2-3 trend change setup here at 1869-71 support region for the 1895-1900 target. No failure allowed.

If lower low, then we are just heading towards 1850 bear target

ES: Approaching towards 1895-1900 immediate target.
Remember, this is leg 1 target. If in the coming sessions there's a leg 2, then the target still remains at 1915 and 1940 (daily 8ema +20ema)

SPX nears first resistance..VIX not quite on support .. dabble small short here.. looking for gap fills still.

I guess the bots ran all the stops they were looking for.