Cobra's Market View

SPY is now above daily 5, 10, 20MAs. It has just generated a fresh classic MACD buy signal. Bears beware. The opposite of the above signals weakness.

fehro wrote:VIX lagging a tad... everyone gapped filled, and green... VIX just a tad red at the moment. fwiw.

VIX PnF Target 10...

bigger double bottom here.

Al_Dente wrote:technically this is power hour

You know Boss, I didn't even think about that!!! So....

!!!!!! POWER HALF-HOUR !!!!!!

MrMiyagi wrote:

Al_Dente wrote:technically this is power hour

You know Boss, I didn't even think about that!!! So....

!!!!!! POWER HALF-HOUR !!!!!!

nICE PBAR iwm Sensei!

probably the very first day since this rally began, it's not a Doji.

I just noticed this, doesn't have any statistical significance, just an obseration:

normally, this pullback should have small legs then being bought but 10 min to close, so I'm neutral.

well, guess that's it for today. the link here should say what SHOULD happen the next (http://stockcharts.com/public/1684859/c ... /296353091;), that said there're always exceptions especially now my brain is permanently damaged by bulls therefore I find any bearish evidences very hard to believe. Thank you guys, I'll see you TOMORROW, hmm, maybe TONIGHT. Have a happy holiday!

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

Friday half or full day?

Today was the only half day this summer.

"**Each market will close early at 1:00 p.m. on Wednesday, July 3, 2013 and Thursday, July 3, 2014. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date."
http://www.nyx.com/holidays-and-hours/nyse

Cobra wrote:probably the very first day since this rally began, it's not a Doji.

4 minutes, Maybe another.....THANKS FOR ALL YOUR HARD WORK SNAKE!

uempel wrote:I just noticed this, doesn't have any statistical significance, just an obseration:

SPX.png

In investor lounge, some history when body completely outside BB bottom (Snake Chart begins here http://stockcharts.com/public/1684859/c ... 241084052; )

seems typical to peak 4-7 days after, then attempt to retest recent lows 9-11 days after, today is number 7...GLTA and thanks for the great charts! viewtopic.php?f=11&t=967

$SPX: The short term pattern remains bullish but probably not over yet

$SPX: Bulls need an eod print next Friday above the 10wma

The view from the hourly timeframe:

Line of control in 1602 for SPX. Thick red dotted line is major resistance. MACD is on a sell signal right now. I thought SPX would close the major gap down but thats proving to be strong resistance. A big pennant is forming and the resolution of the pennant should call the direction of the next move.

Everyone have a safe holiday.

Vote for the snake.

http://stockcharts.com/public/1684859

PanamaJack