Cobra's Market View

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This bear may have legs. Key time however as this is the 3rd time testing the low, so a sharp rebound any time before a decisive new low would mean the game is over for bears. Let's see if bears can finally make something.

I'm curious to see how your "non-stop model" handles whatever today may bring.

*This thing has been pretty solid in the past which is why I bring it up.

members only update starts here: http://www.cobrasmarketview.com/2013/06 ... ay-update/

ES + AAPL Update

Waiting for reversal candle on ES. Fast and Furious Oversold bounce is coming soon, pretty good potential.

AAPL bears must break 419 decisively or else it's time for bulls to contest the support region again, crystal clear support vs resistance breakout levels.

Patience pays well

Hightower blurb. And the beat goes on. GLTA.

SPX 60m breaking down below 50 day SMA and channel.. target pink line, cyan channel, 200 SMA = 1504.19

L_T wrote:I'm curious to see how your "non-stop model" handles whatever today may bring.

*This thing has been pretty solid in the past which is why I bring it up.

Yes, Cobra, I too am wondering of the probability to break through this resistance after testing it for the third time in June.

fehro wrote:SPX 60m breaking down below 50 day SMA and channel.. target pink line, cyan channel, 200 SMA = 1504.19

Do you see a rebound at all, or just straight down?

Long in premarket at 162.02

*corrected price again - seems to be an ongoing problem with me

ALdaytrade wrote:

fehro wrote:SPX 60m breaking down below 50 day SMA and channel.. target pink line, cyan channel, 200 SMA = 1504.19

Do you see a rebound at all, or just straight down?

Hard to say... a little bounce maybe 10m-15m after the open... then other support levels.. need to redraw lines on my 5m, 15m, 60m... but I'd say 1600ish seems reasonable short term (today, friday, monday).. will have a better idea in a hour or two

the open. it's a little too stretched, so might see a rebound first, then we'll see.

Out of Bounds wrote:Long in premarket at 162.02

*corrected price again - seems to be an ongoing problem with me

Balls of steel, I wait until the smoke is clear for that reversal candle No more hero

viewtopic.php?f=2&t=960&p=134122#p134122

GOOG breakout backtest complete. Consolidation mode now, well done bulls.

existing home sales and phila fed mfg index at 10:00 ET

GDX blew through its double bottom

Unique wrote:

Out of Bounds wrote:Long in premarket at 162.02

*corrected price again - seems to be an ongoing problem with me

Balls of steel, I wait until the smoke is clear for that reversal candle No more hero

Can you post picture of reversal candle? Thanks

A day like today, counter trend (buy) I will wait for RSI on hourly move back up above 30 before thinking of going in. I hope it will not be a flat day today. My RSI on hourly is reading at 25+ too weak yet, no wind.

Pretty amazing that there is not a single 1,000+ contract trade this morning, yet. Normally, there would be at least 10 or more by now.

Filters looks for trades above 499 / 699 / and 1001

SERVO wrote:

Unique wrote:

Out of Bounds wrote:Long in premarket at 162.02

*corrected price again - seems to be an ongoing problem with me

Balls of steel, I wait until the smoke is clear for that reversal candle No more hero

Can you post picture of reversal candle? Thanks

Scroll up to my hourly chart see the price engulf/hammer bars breakout. You could also use 5min/15min chart for aggressive signal depending on the time frame of your plan.

Also, a chart on Cobra's last night update