Cobra's Market View

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Small gap down, so the gap might be filled.

Nothing to say on Global ES, it inches up, as long as the blue line below held, bulls have nothing to worry.

GM, dollar was pretty close to breakout...close but no cigar, not yet


follow the dollar, if he fails then follow the QE junkies

Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.

Al_Dente wrote:Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.

814wedge.png

Thanks doctor great chart!

German bund, strong support (going with US bonds)

the open.

Al_Dente wrote:Good morning
Note the wedgie on $NYAD (second panel)
According to Bulkowski, it breaks to the downside 69% of time http://thepatternsite.com/risewedge.html
If/when it breaks down, the target would be the green line.

814wedge.png

Good info..Thanks

Currency block is not painting a bullish picture and is at verge of going into complete sell. Also note further softness in ES will push it into sell mode (in the short term). Also note this is table of position of individual entities on their own momentum scale.

EURO

KENA wrote:

Al_Dente wrote:Good morning

Good info..Thanks

KENA I bought a couple shares of your WRES on 8/3 what do u think now? thanks boss

Don't have much new to contribute but here is a P&F chart of All Equity Funds.Note they just turned into X's..Now can they hold.Wait and see.

I didn't know they'd be serving fresh SQUEEZED oj for breakfast. What a pleasant surprise!

Chart showing the over bought and over sold Funds.Note chart is in dn trend now and mkt will follow this path.

TNX yield/bonds, daily, just broke out of double top

Al_Dente wrote:

KENA wrote:

Al_Dente wrote:Good morning

Good info..Thanks

KENA I bought a couple shares of your WRES on 8/3 what do u think now? thanks boss

I did not buy any but have it on watch list..It has been doing well..Main reason for not buying was and still is I have enough swing long and short positions..Both doing ok.GT

PAGING BARON
Get your ding ding in here


PAGE HARAPA ONLY……..others: me still just tinkering here, don’t pay much attention to this one
I changed my MAs to 50 (better) and put this master chart on VIX so the CCI is now on VIX (instead of spy)
SPY is now purple behind invertVIX

very strong open. I have nothing to say, wait.

This is an interesting new chart of the inverted Vix..Note that the last 4 times on the chart when it moved dn the mkt also moved dn for 3-4 days..Moved dn yesterday.So lets see.

I feel there's a bull trap here. Every time there is a gap down they push it higher which makes everyone feels safe to buy the dips, then one day there will be a big gap down and not looking back which will trap everyone. I've seen that before.

Hey Cobra,

market has been hovering around 1405 for the past 8 trading days. Consolidating. . . is this a bullish or bearish?

any thoughts?

anyone in the forum have any thoughts reg: central bank action coming up in September or sooner? seems like the market is pricing in another round of QE, but that may not happen for another 6 weeks.

thx for any replies.