Cobra's Market View

Stopped

It's in the top of my channel so low risk shorting point, stop in a candle close above 1,3350. See you tomorrow guys

I think this is just a test to yesterday low but again today i have no clues...

BullBear52x wrote:This is not good, my lead man says sell. and TRIN now is gone bearish.

please trigger the sell button it's too quiet today...

Been wondering around doing nothing today, i figure the key asset today will be EURUSD...

15 min chart

Cobra wrote:The encouraging sign for bears is this time is a little different as if it still were Jan and Feb, the market should have already gaped 10+ points higher at the open now.

Ahah Loved it Have a nice day Cobra

My view on EURUSD at the moment

As for FCX i wouldn't recommend any long entries (based on a fundamentals thesis i strongly recommend you to read: http://seekingalpha.com/article/434501-more-color-on-china-s-real-estate-market-and-the-impact-on-commodities- the author has a few more articles on the same subject that i would recomm...

SPX: Can you get an impulsive count without being "creative" ...... I can´t Do I have to remind you the most likely outcome when down side action is corrective ????? 8-) Eventually one day if THEY have not sent all the bears in this planet to a mental hospital the few left that are not go...

I didn't even want to have longs today as i said here http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=498&p=68754#p68754 as there was divergence between risk assets and US futures. So I started the day with a short trade on AAPL But after a nice run down, opportunity was clear in the sup...

soku wrote:i cannot believe somebody placed stop at 1399.5
this is a total distraction to market.it is hard to tell whether go long here or not.

That's where the 200 MA on 1 hour S&P June futures was and yes, many people do put stops there.

Many things alined to rebound:

NDX 100 1 hour

What i'm seeing on S&P now:

1 hour chart

KEiZAi what I talked you about here viewtopic.php?f=2&t=497&p=68565#p68565:

Is just about happening right now:
Objective is EMA 50 or RSI 55...

AAPL 5 minutes, trendline on RSI is broken, they risked it and got a smaller return.

Ok we did it a winning short trade on AAPL

Those resistant fellas are still in an will only get out of the tarde if RSI breaks that trendline.

AAPL - I like this short trade here - this is a 5 min chart

Will be STOPPED on a 5 min candle above that line so not much risk

EDIT: EMA 50 is the objective.

I will be cautious today and not make any long positions as I see many risk assets, going against this overnight US futures recovery, AUDUSD trading opposite to EURSUD, Shangai index (that is $SSEC on stockcharts - it hasn't todays day though) flushed 2,7% down.

S&P 500 hourly chart

Edit: Updated from the previous post here: viewtopic.php?f=2&t=498&p=68644#p68644

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