Cobra's Market View

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lower high (therefore finally a little pullback) or not, wait and see. Hold till open this'd be 7th gap up open, by the way.

members only update starts here: http://www.cobrasmarketview.com/2016/07 ... ay-update/

SPX grinds higher, within channel. VIX weak, still not at lows.

/ES 60m 15m.. channel slips under uptrend from June 27, possible bull flag, yellow raising wedge fwiw
SPX pre-open.. mind the open gaps.

Carry trade (USD/JPY). 10 minute Heiken-Ashi. Another diamond to bust up. Price is way over stochastic. Interesting push.Vote Cobra, glta.

TLT coming into area of support, SPY testing 5min 20ema

SPX .. RUT weak this am but FB/AAPL strong ish.. with bios

2x top, south bound train again from the get go.

IBB hod! Along w USO and Lat America

DXY USdollar.. consolidating.. high base of sorts.. flag, expanding triangle.. over the down trend "could" see huge up move in the $US

Financials leading to the downside

fehro wrote:DXY USdollar.. consolidating..

UUP lod

Daniel wrote:

fehro wrote:DXY USdollar.. consolidating..

UUP lod

yup.. UUP.. but gap up.. higher high than yesterday.. prefer to watch DXY.. better candles.. as UUP gaps a lot… mind the 200d very close again.. ascending wedge on UUP… last 3 weeks.

INDEX days..

morning hourly black bar.

my pivot is at 58.5 /ES

TLT daily 20day MA 138.62; is hovering thereabouts, now.

break down but still suggest no trend.

Overnight gap up on ES, NQ and YM. Filled on NQ, then ES, and not yet on YM.

fehro wrote:prefer to watch DXY.. better candles.. as UUP gaps a lot

Excellent point. I wouldn't trade UUP or its inverse equivalent, (UDN?)-- but intraday it's a useful way of tracking the dollar, and it can always be included in a table of ETFs, or an ETF heatmap.

Often UUP/DXY will hit a low or high at a key inflection point for a commodity denominated in dollars, and the commodity will follow in the currency's direction.