Cobra's Market View

GM, DBV and TNX is still strong, another 50 cents day today me thinks. that's really strange, the liquidity inflow suddenly spiked since Wednesday. Don't know what's going on, someone knows something really good ahead of us. Just because I saw the liquidity wasn't strong enough, so I was so sure th...

gabor wrote:EURUSD is forming a new low.

I read in an FX forum, that EURO capitulation is expected below 1.26. I do not know what does that mean...

EURUSD is forming a new low.

Hi Cobra, do you think fresh EURUSD low is possible today?

Flat open so any gap would be filled. The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely. Hi Cobra, what would be your measured move target if this long consolidation range was broken up? let's wait for the breakout first. Just for fun, please! :lol:

Cobra wrote:Flat open so any gap would be filled.

The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.

Hi Cobra, what would be your measured move target if this long consolidation range was broken up?

I think, today was not the pivot day. May be next week.

I'm clueless about the market now, so not much comment today. looks like it's wrong to NOT expect sharp reversal, so I keep my mouth shut here. Anyway, key time because this is to test the previous high so no failure allowed. Short term, I think, the market is poised to revisit and touch Oct 26th h...

*Like* I see a lot of reasons to short other than price. Price and I emphasize price keeps me from shorting this bad boy other than my morning scalp. Unless we break below today's low nothing will change for me. Ignoring the fundamental jibberish 1- Bearish sentiment too low 2- Reversal of a revers...

Why when EURO down so much the pass several days and stock is not going down at all? Anybody know why? See DBV, we are just now give the sell on DBV. VIX need to pick up some speed here for bears. I think EURUSD and SPX negativ correlation is a ongoing bubble and I suspect that hedge funds are blow...

BullBear52x wrote:confusing time, how long this side way action going to last this time.

Daytrade long positions are already closed, I guess short sqeezeee is coming at the end.

Cobra wrote:no idea what the market is doing. trend line support approaching.

I guess, it is inching toward 1380.

stucap wrote:

gabor wrote:EURUSD is winding up for a larger move. UP/DOWN?

euro just made another low.....

3 hours ago ... I am looking at a 5 min chart.

EURUSD is winding up for a larger move. UP/DOWN?

Cobra wrote: I can only imagine 1293 or perhaps 1310. I cannot see 1380 yet.

Go to Cobra's homepage -> premium content -> Dec 30 Market outlook -> you'll see

haven't touched EMA20 for so long, so if this pullback can reach EMA20, it's buy. guys, don't fight. let me tell you my story. I shorted in the morning, got stopped out with losses, well, it's happened lots of times, so no big deal, I covered and took a long. no matter what you believe, trading wit...

jarbo456 wrote:alright longs...what's our target here?

1287-1293 for today

There is a nice double bottom in ES, with a target 1287 (Cobra's method)

Cobra, what the hell is this?

I am not sure who was paying attention on ES movements, I noticed something:
At 2:15 pm (GMT+1 or EST+6) there was a huge move up in ES and huge move down at the same time in EURUSD.

Could this be an open or close of a large hedge position?