Cobra's Market View

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The bear's last hope for 3 Push Up might be over, but I'll give bears today to see if they can push down below the blue trend line. Even they do, this current push up shall have legs so overall not good for bears.

The week's stock picks are here: viewtopic.php?f=10&t=982&p=136065#p136065

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

perhaps I'm seeing things...
can't believe this market..

Cobra wrote: The bear's last hope for 3 Push Up might be over, but I'll give bears today to see if they can push down below the blue trend line. Even they do, this current push up shall have legs so overall not good for bears.

Where are your best guess or wildest guesses dotted red lines (on your ES chart) I've come to love? !

TlT saw trades above 107in premart this morning, no signs of bullish divergence on this Renko, watch strength to stall around daily Keltner bottom 10750ish?

Resistance in the SPX 1640 area
Close-up:

uempel wrote:Resistance in the SPX 1640 area

The attachment 2.png is no longer available

Close-up:

The attachment 1.png is no longer available

VIXies for the Bulls

Harapa wrote:

uempel wrote:Resistance in the SPX 1640 area

2.png

Close-up:

1.png

VIXies for the Bulls

Yeah, I know. But I'm not sure if the market is going to go much higher today. Alcoa's results might give the strength to jump higher tomorrow

Gone shorts for the day with SPX +12.

it sure is quiet here this a.m. - extended vacation on this site???

BB vid
http://screencast.com/t/mOY6LYzY

Update:

volume surge, biggest bar so might see pullback here first which likely would be bought. $SPY, $SPX, $ES_F
viewtopic.php?f=2&t=981&p=136097#p136097

Cobra wrote:volume surge, biggest bar so might see pullback here first which likely would be bought. $SPY, $SPX, $ES_F
viewtopic.php?f=2&t=981&p=136097#p136097

You posted that in the weekend report......

is this site working properly today -- posts seem to have skipped around?

possible descending triangle but it's a continuation pattern, so I cannot say it's bearish yet, wait.

11 AM: With the strong rally the 120 min short signal just became void, any retrace is probably a buy opportunity

Update: