04/26/2013 Live Update

[Cobra]

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Flat open, any gap will be filled.

I'm not sure what pattern it is on the Global ES, need wait and see. The FEELING though, might be another push up at lease?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

[johnnywa]

Maybe bad GDP keeps bennys money tap flowing

[TWT]

AMBIGUITY

• The outcome of the pattern is uncertain

• Momentum and breadth indicators are suggesting that price has not completed the advance form the November lows

It is still possible but it looks less likely the scenario that calls for a temporary top at the April 11 high ===> Zig Zag in progress.

If this pattern is the correct one, the current up leg is a bearish wave (B), which will be followed by an impulsive decline (wave C).

Therefore I place 2 big question marks both at the April 18 lod and at yesterday´s hod.

Yesterday I discussed several options both bullish and bearish that can play out if bears are not able to achieve an impulsive decline.

Today I add a new one, which calls for an Ending Diagonal wave (Y)

Usually in a wave (B) we should not see a breadth thrust, nor the RSI above the 50 line, a MACD bullish cross over and Summation buy signal.

• McClellan Oscillator has the stochastic overbought but no sell signal yet. Recall that as long as the oscillator does not cross the zero line bearish set ups are not viable

• The Summation Index has issued a “buy signal” by crossing above its 10 dma. The solidity of this bullish signal will depend upon if the RSI crosses the 50 line.

• The MACD is crossing over; the Stochastic is not overbought and the RSI is above the 50 line.

Nor VIX is suggesting that it is unfolding a bullish pattern, at least not yet. I have already discussed that the “fear index” could be forming a bullish falling wedge. If this is the case this pattern still needs a lower low

Regarding the EW labelling of the current up leg, it unquestionably corrective but it not clear that it is over yet. Either way keep in mind that if the following pullback is corrective eventually it will be bought

I have two options, depending if 1577.90 holds:

1. Ending Diagonal wave (Y)

2. Double Zig Zag is over

[L_T]

AMBIGUITY

• The outcome of the pattern is uncertain

• Momentum and breadth indicators are suggesting that price has not completed the advance form the November lows

Very thorough analysis. Thanks.

[TWT]

$FGBL (Bund): Potential bearish rising wedge

[gappy]

http://www.rollingstone.com/politics/ne ... z2RZf9ntCE

badbenny.jpg

GLTA.

[BullBear52x]

This big picture tells the strength is weakening or negative divergence by definition. short term lots of supports below, see RSI, it's getting weak here too now.

[BullBear52x]

Good news guys, bad GDP, that means more stimulus.

[joeynickels]

Nice work. Much appreciated.

AMBIGUITY

• The outcome of the pattern is uncertain

• Momentum and breadth indicators are suggesting that price has not completed the advance form the November lows

It is still possible but it looks less likely the scenario that calls for a temporary top at the April 11 high ===> Zig Zag in progress.

If this pattern is the correct one, the current up leg is a bearish wave (B), which will be followed by an impulsive decline (wave C).

Therefore I place 2 big question marks both at the April 18 lod and at yesterday´s hod.

Yesterday I discussed several options both bullish and bearish that can play out if bears are not able to achieve an impulsive decline.

Today I add a new one, which calls for an Ending Diagonal wave (Y)

Usually in a wave (B) we should not see a breadth thrust, nor the RSI above the 50 line, a MACD bullish cross over and Summation buy signal.

• McClellan Oscillator has the stochastic overbought but no sell signal yet. Recall that as long as the oscillator does not cross the zero line bearish set ups are not viable

• The Summation Index has issued a “buy signal” by crossing above its 10 dma. The solidity of this bullish signal will depend upon if the RSI crosses the 50 line.

• The MACD is crossing over; the Stochastic is not overbought and the RSI is above the 50 line.

Nor VIX is suggesting that it is unfolding a bullish pattern, at least not yet. I have already discussed that the “fear index” could be forming a bullish falling wedge. If this is the case this pattern still needs a lower low

Regarding the EW labelling of the current up leg, it unquestionably corrective but it not clear that it is over yet. Either way keep in mind that if the following pullback is corrective eventually it will be bought

I have two options, depending if 1577.90 holds:

1. Ending Diagonal wave (Y)

2. Double Zig Zag is over

[KENA]

No Blah Blah here..The charts are self explain

130425 10 ad.jpg (16.16 KiB) Viewed 6559 times

atory

130425 20 nh.jpg (13.33 KiB) Viewed 6559 times

[Cobra]

bouncing from Fib 61.8 MM target. I'd not hope 100% MM.

[kenttown]

Good news guys, bad GDP, that means more stimulus.

2.5% ain't that bad, they could easily use it as an excuse to wind down.

[KENA]

Re-Post..These are better..You can increase the size

[Cobra]

members only update at 10:04 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[BullBear52x]

/ES trader, sequential count got red arrow, bears have been losing a battle as you can see here, but will this time be the charm? I have to find something negative do I?

[BullBear52x]

Intraday 1571/ES is what I am eyeing, but no go evil signal just yet. could get trigger any second now. tick tick tick

[JFR]

Looks like BOTs chasing pivots today ...

Gap fill on ES and then down she goes.

[Out of Bounds]

I put my order in to sell SDS at $45.00

of course, it's a GTC order. I don't expect it today.

[BullBear52x]

I am in bear camp now. got time to trade until lunch today. lets go bears.