Cobra's Market View

I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? In this case we should deal with the rally first then think about the 1,000 target later. So whether the 1,000 target is correct or not, doesn't really affect your trade....

wow, SPY NH!

it seems more shorts will initiate here soon -- very interesting sign!

looks like there are more bears than bulls here today!

many traders shorted during the last 45 min.

spy is moving to 119 --is this OK for breaking up your ellipses shape?

First of all I'm sick today, actually since yesterday, so I may not post a lot comment today, but the daily report will be there no matter what. Thanks. Flat open, so any gap will be filled. AS OF NOW, global ES does not look good, if the overnight rebound fails here and breakdown the support below...

MajorEasy wrote:bull will be back in control at 1200,
next resistance should 1200 fail is 1222 on ES,
(few pts dif on $SPX)

it looks like to be a strong resistance.

everyone changes their mind less as they improve, this is only logical but less doesn't mean never, I believe that was the true point here if people that dont' have experience trading aren't taught that lesson they'll feel a lot of pain before they make any money surely if you are a student of the ...

Cobra wrote:tinted area as Measured Move target, looks like we'll be there.

Yes, we'll be there soon. and after that? pull back first?

Cobra wrote:another rest here, should be, then more on the upside.

bulls seems to be stronger now!

Cobra wrote:breakout as I said, but we need wait for a few bars to see if this is a real breakout.

smart call! SPY will go up to 121 level after break out the 117.8?

bull seems stronger and stronger.

a strong up day will be today.

Cobra if there is a rally at end of day, shall we sell into rally? or hold overnight. the pattern repeated several times this week. I doubted it would fail eventually. Thanks, I won't short at close today assuming we close right here. But if we drop a lot before the close, I might short. Yes, waiti...

Cobra wrote:rebound exactly from MA200. some buy program must be waiting there for long long time.

Yes, I believe that. only machine can do that, not human being!

Cobra wrote:rebound as I expected, good, hopefully it could go a little long this time. so far I'm disappointed in bulls.

bulls need your encourage!

a rebound on the way.

Cobra wrote:lots of supports below, so I won't expect the pullback to go far.

it looks like I'll be crazy to say that SPY is going to make NH first, but it is possible now.

Cobra wrote:key time, there's a chance for 2 legged rebound here (5 min chart), overall, the market action is not bearish.

SPY looks like to form a bull flag.