Cobra's Market View

cobra do you factor VWAP, dramatically low at 1348 ES...with super thin afternoon volumes, wont it act like a magnate

Cobra any chance that was close enough for dbl top 5min ES?

Cobra, first on the ES, now SPY 5min, last leg lower failed to meet lower trend line...selling weakening?

cobra after a MDD we typically have the small range day like today, what is next, continuation? given where we are on support, i feel some retrace may be in order for monday.

I think that's a misinterpretation. Cobra is both bullish and bearish depending on his analysis. When he says a strong rebound is needed, I believe he means it would be needed to continue the week's uptrend, not that it's something we absolutely must have. There's a language bias that tends to soun...

Cobra wrote:you don't want to see consolidation here. a strong rebound is needed.

with all due respect, you dont make bears feel very welcome...last time i checked this was a rebound not a trend change

this is tragic...idiots are investing the hard earned money of its clients based on the machinations of headline reading and seek and destroy algos...tragic

call in the Falling Knife Catchers!

cant remember a steeper trend line on hourly Global ES...

after that Beige Book, goodluck to the Christmas in June from Ben tommorrow crowd...

i'm afraid our crack induced squeeze will cause a "any news is good news" Beige Book scenerio...watching MACD divergence across 5min and 60min and of course the crazed run and stall (for now) at the 20 DMA ES daily

here comes the ES daily 20 day kiss...in 3 sessions off low....please! you cant make this up...wait until the imminent Moody bank downgrades hit...all on declining volume.

Draghi gives market nothing, they sell it, only to trap new shorts as they cover ahead of Ben tommorrow, who has already telegraphed, he has nothing more than a reiteration that he is "ready" to act...(overly simplistic granted, because the currency market is really seeing some massive unw...

Global ES hitting the 10day, perfect excuse to pivot lower....but it may over extend to reach the 20day at 1309...that would be a very nice short

"Risk on...its different this time...right?"

VIX failed to make new high on SPY new low, perhaps we'll see some volitility profit taking into Tuesday turnaround and potential overnight positive headline risk

ES is kissing 20dma (daily) for the first time in 17 sessions, i believe it will struggle here

market manipulation at its finest...thats the cheapest way to avoid the massive amount of month end puts coming to market makers...now lets hope Europe cooperates with their pathetic plan

look at the ES daily confluence at 1315.75, almost comical...my call is a move to the lower bol band tommorrow

Cobra wrote:

lcgllc wrote:cobra, arent you a tad troubled with the back to back 7pt wide ES bars, suggests reversal to me

don't remember back to back 7pt wide ES bars to do with reversal, can you explain more?

its a feeling, not a pattern...akin to "chop at the top".. confusion