Cobra's Market View

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double top or double bottom, wait and see. no sharp pullback then the chart is bullish.

members only update starts here: http://www.cobrasmarketview.com/2019/08 ... ay-update/

Undervalued CALLS 60 % above undervalued Puts = BUY
Overvalued CALLS 64 - 67 % above overvalued Puts = BUY
$SPX BUYING Above 2904.38

5 min. buy the dip. Buy

Half off the table, I am looking at 32ish to be tested or taking out totally from here, tomorrow if not today, let see.

Target for the week.

the rebound may have legs but still unless decisively breaks above the yesterday's high, it's a range day.

Cash SPX Fib, BTFD is live and well

DIA, IWM, QQQ, SPY

Hitting a wall at yesterday's close.

Down to the pivot. ES five minute.

Back later.

Range day to me so far. well, last buy if bulls want to show who's Papa

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There was a pre-market P-Bar on SPY @ $300.84!!!

It looks like the banksters want to take it up after Jackson Hole!

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QUAD TOP, fourth attempt trying to bust through resistance appears to be failing at the moment (lower high, lower high).
I recall that the odds at a quad top favor the bulls, but correct me if I’m wrong.
If it can breakout and sustain the breakout, the bull squeeze target would be approximately 3050 - 3060
If it cannot breakout, TA says the longs will flip to shorts and slide down to test the bottom line of the box.
20 days, percentage chart

“Everyone” is expecting bull because of the Davos rally-data, and the G-xx Saturday, and global easing
“Everyone” means the contrarians are watching carefully

TRADE WARS chart update
Black is the Steel Index. Note the news today on U.S. Steel (X) layoffs

SPX, China, Japan, Europe, daily

AD on the daily

Percent Above 20ema, as of yesterday’s close: