Cobra's Market View

$SPX And $VIX

Divergence on the MACD.

Al_Dente wrote:FED HOUR within minutes

UC Irvine! Near and dear to my heart!

Thinking we are working on another long range H&S, new target approximately 2276.

see the very pretty H&S in Cobra's chart above? .. same on SPX 30m from Feb 17.. neckline 2358 goes.. target is 2306. .near 50d 2358 gone...on ES 2358 SPX .. neckline just a little lower still may stall hold it.. but could also be a shocker drop.. cause we are not use to it.. with days of these...

see the very pretty H&S in Cobra's chart above? .. same on SPX 30m from Feb 17.. neckline 2358 goes.. target is 2306. .near 50d That is what I thought last Thursday. Re: 03/09/2017 Live Update Postby ALdaytrade » Thu Mar 09, 2017 1:07 pm ES H&S is about to break. My target is 2329, might be...

ALdaytrade wrote:

ALdaytrade wrote:ES H&S is about to break. My target is 2329, might be off.

And the back test to the shoulder line? Maybe.

NOPE!

ALdaytrade wrote:ES H&S is about to break. My target is 2329, might be off.

And the back test to the shoulder line? Maybe.

ES H&S is about to break. My target is 2329, might be off.

Al_Dente wrote:Gold miners are down another 1% today
This is day seven below the lower daily bolinger
Isn’t that just about enough already?

Gold is always down in March. It is usually not ready to be traded until early July.

$SPX small head and shoulders might take us to 2343 ish tomorrow.

$UVXY will then see the top of the bollinger band.

ALdaytrade wrote:There is a $SPX H & S with a target of 2325.

Bottom of shoulder is 2338, so if it breaks that we should progress to the target.

There is a $SPX H & S with a target of 2325.

SPX 2338 key.. channel on the 15m. 7days.. it breaks look for a possible fast 5 point drop to 2330.. then open gap 2322-2318 next. SPX/IWM much lower then = outside reversal daily… mind yLODs Mind possible H&S on SPX 5m .. weak bounce 2338 neckline .. target 2228 Yes, I have 2325 as the target.

Close up of Tuesday's time signal. This is not a slam dunk, but these kind of signals tend to be valid i.e. the market ought to make a good move. TS.png My guess is up, the I H&S on the one hour chart might play out. If it does we will head to 2329. That was very easy call... :D :D try you luck...

Close up of Tuesday's time signal. This is not a slam dunk, but these kind of signals tend to be valid i.e. the market ought to make a good move. TS.png My guess is up, the I H&S on the one hour chart might play out. If it does we will head to 2329. That was very easy call... :D :D try you luck...

uempel wrote:Close up of Tuesday's time signal. This is not a slam dunk, but these kind of signals tend to be valid i.e. the market ought to make a good move.

TS.png

My guess is up, the I H&S on the one hour chart might play out. If it does we will head to 2329.

uempel wrote:

koakd.png

sdsd.png

On your second diagram, there is another dotted line. What date is that one for?

Maybe we will get the I H&S on the one hour to work out and then have a turn down.

I H&S on the one hour chart with target at 2329?

Wonder if this pattern will work out!

ALdaytrade wrote:

fehro wrote:SPX continues to hold 20d 2276

Sloppy I H&S, but it is there.

Hard to believe with $VIX this low, but the I H&S indicates an upward movement!

Looking like we are heading up to 2306 again.

fehro wrote:SPX continues to hold 20d 2276

Sloppy I H&S, but it is there.

Hard to believe with $VIX this low, but the I H&S indicates an upward movement!