Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

No idea up or down from here, maybe it's a bigger triangle?

members only update starts here: http://www.cobrasmarketview.com/2016/12 ... ay-update/

SPX gapping up to 2269.. mind the gap

SPX possible resistance here.. seems tho INDU wants 20,000 for Christmas…

fehro wrote:SPX possible resistance here.. seems tho INDU wants 20,000 for Christmas…

NDX/COMPQ pressing ATH.. INDU as well.. just 17 points short of 20000

ES at R2 already, 2268 which is also the difference between daily noise and a move towards the daily range high which is at 2280 same as R4. Seems like a long way to go on a relief pop (Kuroda San did nothing, the media's darling plot to disrupt US election failed and Xi Dada gave us back our submarine).

fehro wrote:SPX possible resistance here.. seems tho INDU wants 20,000 for Christmas…

Next up is upgrading overpriced household names because Ma and Pa Kettle have to do their year end portfolio stuff. Fund managers need someone to distribute to before reality bites (earnings season).

Overnight gap up. Trading range so far.

Dow 30. A lot of ups. Not so many downs.

NYSE TICK

DXY new multi year highs.. gold slammed again

I added explanations to all the lines today. OOB has much easier to read daily pivots.
These are standard floor pivots. The ana daily pivots function will also do Wide, Jackson,Carmanila, Fibonacci or Woodie if you really want to confuse things.

If small caps are leading then this bounce is going no where. Waiting on London close for some clear direction.

Daily SPY:

Looks like my short is a bust. This thing was profitable 14/15 times dating back years. But this signal just didn't work this time. Plus there was another independent sell signal from someone else that had nothing to do with my signal and his failed too. I'lll just close it out. In 14/15 cases, we were significantly lower by now. Just not working. Just closing it out.

On the range, the trading range that is ...

I may be stopping out at a low with VIX dropping so far.

DellGriffith wrote:I may be stopping out at a low with VIX dropping so far.

I think you ran afoul of the presidential election cycle. Every time the out party takes control we have a post election rally. There are some comparative charts floating around. Then somewhere reality sets in and we have a big sell off. For Reagan it was like a 25% drop over two years. Just say'in.

SPX stuck at cyan 60m .. possible triangle. ..mind the morning gap.. VIX holding trend of sorts.. VIX expires tomorrow.

Bloomberg chart from zerohedge