Cobra's Market View

Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

Cobra wrote:Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

Best 1st post ever.

Looks like silver has topped overnight. You can see how volatility patterns can be used to time entries long and short on silver. I'm waiting for volatility to cycle lower, then the first hourly down bar after a cycle low to buy more short positions in silver. At this point it's looking more like another A-B-C pattern so I don't know if silver has topped for the longer term here, could just be a few days pullback. In any case, the best short entry will not be at these levels until vol comes down and cycles back up.

Cobra wrote:Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

What is the problem, Cobra?

ES and NQ with pre market

gabor wrote:

Cobra wrote:Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

What is the problem, Cobra?

could be IB data feeder problem.

This is a free site where you can watch SPX500

Instruments ->Indices ->SPX500

http://www.dailyfx.com/charts/netdaniachart/

Good Morning.
Should be fun today!
EURUSD: http://99ercharts.blogspot.com/2011/05/eurusd_5746.html

ES
Really fun.
http://99ercharts.blogspot.com/2011/05/es_9679.html

another free future's site with charts
http://finviz.com/futures.ashx

Cobra wrote:Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

ES was traded a little above yesterday's close, retested yesterday's high (turned back a little below), then came back a bit, at 8:30 ET it started falling as a reaction to GDP and Job less claim data. Now it is almost flat or a bit below yesterday's close.

I love it. I can't see the ES this morning either. but if it's really trading lower, I'm sure I'll be able to see it.

99er wrote:Good Morning.
Should be fun today!
EURUSD: http://99ercharts.blogspot.com/2011/05/eurusd_5746.html

Yup. Ol' Benny B. is desperate to push the dollar down further (75.50 in pre-market?!). If not for the devaluation, markets would tank for sure. They will anyway, I think. Just a question of timing, right?

gabor wrote:

Cobra wrote:Cannot see ES right now, so no idea what's happening. Should be a flat open so any gap will be filled.

ES was traded a little above yesterday's close, retested yesterday's high (turned back a little below), then came back a bit, at 8:30 ET it started falling as a reaction to GDP and Job less claim data. Now it is almost flat or a bit below yesterday's close.

thanks.

Anaconda wrote: Yup. Ol' Benny B. is desperate to push the dollar down further (75.50 in pre-market?!). If not for the devaluation, markets would tank for sure. They will anyway, I think. Just a question of timing, right?

exactly this is what u call a weimar ( german inflation period ) rally. it's an illusion that the market is higher, since the dollar is becoming worthless. price the market it in gold and see how bad things really are. welcome to the new america

This is one of the site I use. I don't know how to transfer TD amertade to here. It is pretty good and accurate as TDA.
http://www.forexpros.com/indices/us-spx ... nced-chart

Bulls may advance to challenge resistances.

SPX closed yesterday above 1319 (which was my long trigger level). If SPX can close today in green, it would be a reward for those who anticipate the rebound and decided to buy at dip yesterday.

Asia market is in green. Europe is mostly in green. US pre-market is slightly up. All good signs plus "China to Buy Portugal Bailout Bonds" and EUR/USD rebound may encourage Bulls some more days.

BY night, DXY’s drop resulted in a stable level supported by small gyrations.
In the morning, however, it dropped lower, under the Acceleration Channel:
Daily, where it dropped after hitting the Harmonic Fan:
http://images.investorshub.advfn.com/im ... uzDXY1.GIF
5 min. around the clock:
http://images.investorshub.advfn.com/im ... dxymor.GIF

SPX
And we're off to the races...
http://99ercharts.blogspot.com/2011/05/spx_26.html

the open.