Cobra's Market View

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Possible lower high, bulls beware. Need break the blue line below to confirm of course. Overall, we're in range, no break would be for real, market goes nowhere, so relax.

members only update starts here: http://www.cobrasmarketview.com/2016/02 ... ay-update/

SPX opening near 1904, could be the 20d by open as it curving down, at 1908 at the moment, mind the morning gap.. daily triangle 1830-40 lower side, bottom right, yellow bearish rising wedge top middle..should we hold the open and head up.

SPX mind today's gap, 1870-73 and 1835-1843

DXY slices the 200d, /GC up almost $15 from yesterday

/GC diamond (right) vs /CL diamond. daily… fwiw..

I'm intrigued by the similarity of the Jan/Feb moves in 2008 and 2016.

That this should continue is highly unlikely - but I keep on checking the similarity of the pattern

Dir -1
Mid Chg 11
Range est 36.00

Thanks for updating this analog -- the similarity so far is uncanny~~

uempel wrote:I'm intrigued by the similarity of the Jan/Feb moves in 2008 and 2016.

That this should continue is highly unlikely - but I keep on checking the similarity of the pattern

208B.png

208C.png

SPX 20d 1905.10 at open.. SPX green, VIX green… caution

uempel wrote:I'm intrigued by the similarity of the Jan/Feb moves in 2008 and 2016.

That this should continue is highly unlikely - but I keep on checking the similarity of the pattern

208B.png

208C.png

boss, in 2008 we had a two day double bottom. 2016 we have no retest of bottom of any kind as yet.

once again, USD got dumped, crude pop up market. I have ben amazed by how market has kept together despite huge forex move in the past few days.

Small Caps (TF Futures) and the ES both ramped strong from around 9 am to 9:35. Feels soo very familiar.

megatechs are again being sold.

SPX no gap this am < 20d 1904.73, VIX holds channel

need sharp down otherwise no worry, the pullback would be bought as so far it's just a bull flag.

Trades with cats wrote:Small Caps (TF Futures) and the ES both ramped strong from around 9 am to 9:35. Feels soo very familiar.

good thing or bad thing?

Update on the 1 min:

crude may be in short term extreme OB with top forming . bull beware here.