Cobra's Market View

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Small gap down so the gap might be filled.

The Global ES maybe a 3 push up with the last push up failed to touch the up trend line, so might be 2 legged pullback here.

DAX fulfilled the 100% MM target now having a little pullback. Let's wait to see how this pullback unfolds. Usually after the pullback there'd be another push up attempt.

GM

euro triangle breakdown - wave 5 have started dollar Russell chart spx later folks busy busy atm

Cobra wrote:DAX fulfilled the 100% MM target now having a little pullback. Let's wait to see how this pullback unfolds. Usually after the pullback there'd be another push up attempt.

GM Cobra. Are you looking at a day trade time range for the pullback and another push up attempt or a longer time frame?

the open.

CognitiveDissonance wrote:

Cobra wrote:DAX fulfilled the 100% MM target now having a little pullback. Let's wait to see how this pullback unfolds. Usually after the pullback there'd be another push up attempt.

GM Cobra. Are you looking at a day trade time range for the pullback and another push up attempt or a longer time frame?

might be a few days pullback or consolidation at least.

APC within range for Bearish Gartley/Buttlerfly on daily.

NO POSITION, NOT A RECOMMENDATION

Cobra wrote:

CognitiveDissonance wrote:

Cobra wrote:DAX fulfilled the 100% MM target now having a little pullback. Let's wait to see how this pullback unfolds. Usually after the pullback there'd be another push up attempt.

GM Cobra. Are you looking at a day trade time range for the pullback and another push up attempt or a longer time frame?

might be a few days pullback or consolidation at least.

Thank you sir, appreciate the info.

Amazing what little reaction the markets have to such a big move on Euro/dollar...

TraderGirl wrote:Amazing what little reaction the markets have to such a big move on Euro/dollar...

traders busy with bbq in backyard this week?

knock wrote:

TraderGirl wrote:Amazing what little reaction the markets have to such a big move on Euro/dollar...

traders busy with bbq in backyard this week?

Tell them to come back and sell....

ISM in 6 minutes

The Dorsey Wright P&F Charts took a nice jump into the green.The NYSEBP jumped into X's.This now changes the trend to" up" which could last for a few weeks.Lots of time when the trend changes like this we can have a couple of dn days befor moving up.If you feel bullish now is the time to look at getting your swing trade longs out and watch for an entry...Stock timing is getting a little more bullish and the owner Marty is very conseritive

HFTs looks like a steady 50-150 share quote stuff being offered. First spike so far was 275 shares at 9:51:40ish. At 10 AM some sell programs hit above 300 share. Maybe the re-released the Philly Index showing the economy sucks and will continue to suck.

Speaking of ping-pong:

KeiZai wrote:ISM in 6 minutes

ISM data bad
52.1 (consensus was 53)

cobra ! did you rest ? I did a bit ... So I did not pay attention 100 % on my reading . promise last time. with todays action be considered the pullback ? It seems I am looking for a sharp pullback of -200 day to consider to be the result of NYMO overbought

Al_Dente wrote:

KeiZai wrote:ISM in 6 minutes

ISM data bad
52.1 (consensus was 53)

Thanks Al...

nothing to say, it should be at least 2 legged pullback, we're on the 1st leg.

euro target then consolidation friday-monday and down again?

IWM, hourly looks primed for a decent pullback imo. Long TZA BUT NOT A RECOMMENDATION