Cobra's Market View

Big gap down below yesterday's low, so chances are the gap won't be filled. I'm not sure though, depends on how the Global ES overnight low is broken, not decisively enough then clearly we have 3 push down pattern therefore the pullback is near an end.
Here's the evil plan I made for Global ES in the last night comment session in my Chinese forum (just occasional session otherwise it'll sure be in here), so far goes exactly like I planned, right? I'll maintain the plan for now unless the overnight low is decisively broken.
The next Monday is the 1st trading day of the month, everyone knows it supposes to be very very bullish, but unfortunately, not only recently we have so called "bearish Monday", but according to Stock Trader's Almanac, first trading day in August weak, Dow down 9 of last 13.

Good Morning.

Honey?
EURUSD http://99ercharts.blogspot.com/2011/07/eurusd_29.html
Mas cafe por favor.

morning guys, took off the last couple of days, looks like i missed some fun. i bought the blood today, long /es 1283.5

Honey...TGIF.
ES http://99ercharts.blogspot.com/2011/07/es_29.html

Mas cervesa por favor.

The support zone for SPX is now between 1886.5 and 1282, as defined on 2 charts...
I think it will not hold...

On SPX 30 min: in the present conditions, the 1286.5 confluence will be a “pivot for the day” and not support.

On the SPX Gann square (daily): under the Wed. closing price, there is a zone of confluence which looks supportive (1289.5 -1299)
But since they will probably gap under it...1282 will be active first support. first

NDX 130 min: the image of complacency

IWM: plenty of room to drop to the lower target = 77.5

the open.

Good morning
What is a good support on Google? Thanks

cougar wrote:NDX 130 min: the image of complacency

why do you say that?

thanks hiram

testing MA200 now.

If we can't hold 1286/1288 after we may be in trouble.

GM, what an ugly day for dip buyers o u c h!

Al_dente, I do not trade SOXL, I trade SMH and TYP/TYH

KENA wrote:If we can't hold 1286/1288 after we may be in trouble.

Should read after open.

ouch. wondering if we are gunning for 1274.75 gap on /es. i am expecting a strong PMI @ 9:45 so we may get a nice pop.

im back in my apple puts at 5.10 on the bounce, this should be good for a nice ride..... thanks everyone for hard work, and just wanted to give cobra props for evil plan!

thanks hiram

ok liquidity on /es just disappeared, i am on the sidelines.

Donde este el tequila?
SPX http://99ercharts.blogspot.com/2011/07/spx_29.html