Cobra's Market View

Cobra wrote:pay attention to VIX, let's see if it'd close above its BB top today which if indeed then it'd be good news for bulls.

respectfully disagree......it is above BB but needs to close within to be bullish.....if it closes above we probably have more downside

ZimZeb wrote:Wow, market volume spilling over here--compared to today, there's only been one other trading day in the last year with a lower post count (day before July 4th holiday, which wasn't even a full session).

...a little too quiet...

flatness and complacency will brood that type of thing..........

Those who are following this market now must keep current lessons in mind for the future. Bears expecting a crash and we are slow grind up mode. It is really more like the bulls DONT expect a crash....complacency will be the death of the bulls........ tops take time to play out.....and this one is ...

Crikey! This is just gonna keep going higher and higher, innit? If your time horizon is longer than a few weeks and you believe what the charts are telling (as opposed to what ZeroHedge thinks is happening), and that IS a big "if", then you will notice, sir, that there are an awful lot of...

This market creeping up to 1420 is almost turning me a long term bull... Isn't that the first sign of a top? there are so many topping signs it is hard to count them all.........one even made a an all time high pretzel "the Nasdaq total volume to NYSE total volume ratio. This ratio has now rea...

Cobra wrote:overshot, let's see any pullback here. are bulls coming back? I don't know need wait and see.

the question is can bulls pull out a wave 5 here or will it be cut short.....market is tired......exhausted

even some bears are giving up or expect new highs.....some will sell out right before the plunge

trans cant get much of anything going and its been that way for sometime.........they already had the death cross.......now they cant muster enough to get back above the 50 and 200 dma's You'd think with the death cross though it would keep going down to the abyss. give it time(not too much longer ...

MrMiyagi wrote:TRAN off and running, seems to me that here comes SPX 1500!!

trans cant get much of anything going and its been that way for sometime.........they already had the death cross.......now they cant muster enough to get back above the 50 and 200 dma's

Nothing bearish so far... It depends on what time frame your in........there is plenty of bearish indicators......negative divergence all over the place and positive divergence on the VIX.......will we get one last push......probably , they are trying to milk this for all they can before the drop.....

Cobra wrote:100% MM target. I'm not sure. the chart looks a little bearish biased though.

yep 2nd push down of abc move so wave c..........my target of 1370 ES lines up nice with your target

and could well end a wave 4 down.........

TradingJackal wrote:

jabberstoxx wrote:head and shoulders in ES........indicates if pattern plays out that 1370 will be bottom......lets see how it plays out

For the H/S looking for the right shoulder at around 1381.

absolutely ........I was seeing it topping at 1381-1382

head and shoulders in ES........indicates if pattern plays out that 1370 will be bottom......lets see how it plays out