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maybe the rebound would fail?

members only update starts here: http://www.cobrasmarketview.com/2017/05 ... ay-update/

Cobra wrote:
maybe the rebound would fail?

Yes but where will it bounce to first? 67.50?
73.50
79?
(ES values)

SPX bounced on support 2352ish in early trading, but the break of 2370 yesterday is a more important benchmark.

SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower

if LOD in place and no inflection I have 2373.25 area as est HOD

I'm curious as to SPX bouncing back from 2352. Will the index get back/close above 2370 again?

uempel wrote:SPX bounced on support 2352ish in early trading, but the break of 2370 yesterday is a more important benchmark.

The attachment kjkj.png is no longer available

fehro wrote:SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower

almost at 50d .. ding ding 1 point short

kind of bull flag, bias is up.

poor CSCO down -7.8%, following eps report last night
it's only 1.1% of the dow, but dragging on it

(WMT is weighted at 2.5% of the dow, up following eps)

first potential higher low
and i believe that's where the longs will place their stops (pink)

near the end of a triangle, don't know direction.

Banks suck but note a few potential double (triple) bottoms here Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....

Al_Dente wrote:Zoom in on GS, the heaviest guy in the dow.
The last time price was at yesterday’s level there was much more red selling volume, hence some kind of interim bottom is possible here.
The “classic bottom” volume formation would be another day(s) of lower price accompanied by reduced red selling volume. That would be the “””perfect””” bottom……. theoretically....

518gs.png.png

Seasonality favors Goldman Sachs in February, July and October thru December.

QED wrote:Seasonality favors Goldman Sachs in February, July and October thru December.

CandleVolume: Look for wide hollow boxes at the bottom of a stock's trading range. Those days, in particular, not only show where demand is meeting supply, but if the candle
is "hollow" (white) you can quickly see a reversal taking place where the sellers have run out of volume to dump and buyers are coming in big. This is a great buy signal.

this bull shall have legs.

fehro wrote:

fehro wrote:SPX support holds - ish .. 60m/D - mind the 50d yellow bottom chart - mind the open gap lower

almost at 50d .. ding ding 1 point short

now ding ding.. possible resistance here… 50d 2369.30 key for the close.