Cobra's Market View

Seven to start...

SPX http://99ercharts.blogspot.com/2011/07/spx_09.html
RUT http://99ercharts.blogspot.com/2011/07/rut_09.html
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_09.html
Gold http://99ercharts.blogspot.com/2011/07/gold_09.html
Silver http://99ercharts.blogspot.com/2011/07/silver_09.html
Crude http://99ercharts.blogspot.com/2011/07/crude_09.html
30-Year http://99ercharts.blogspot.com/2011/07/30y_09.html

Have a good one.

golds and silver were in a down-trend direction.
But last week, silver went higher with GS comment. broke up its 20MA. Last Thursday silver ended with a black star but Friday it moved higher again, and ended with a star once more, at its 50 MA.
waiting for its correction, waiting for entry.

ES Long-term Forecast

Grrrr...

http://99ercharts.blogspot.com/2011/07/es-forecast.html

Next week, fun price projection. don't bet the farm on it.

SPY, short term has good support at 133.5 and 5 dma. Buy still, Sell below 133.5

XLF running to major resistance.

DBV is still strong, so, not over for Bulls for sure.

UUP, stronger internal push to the up side compare to down side, still trap in a triangle. third time is a _________? very bullish looking intermediate term.

VIX suggest dip will be bought, well sure enough so far Friday action proved it. good luck all and everyone say thank you to Cobra.

After a small Pinocchio wave faking the beginning of a breakout, XLF was rejected in a resistance zone and dropped like a stone. This should be interpreted as a SELL signal.

GLD is clearly overbought but, in my opinion, a brief consolidation could release enough steam from the pressure pot, so that it would continue to climb higher

NDX shows signs of exhaustion and an early SELL signal seems imminent.

futures are in red. but are going high.