Cobra's Market View

fehro wrote:dabble short. here.. 2617.50 SPX lets see.. possible capitulation top.. VIX at HOD , TLT at HOD … indexes nATH with VIX and bonds green look for a possible afternoon return to the LODs.. sound nuts..

Resistance is futile

.

OTF? Lots of vol in bar 26 - Somebody pushed with a lot of $

If you want to be rich by trading or more precisely speculation, you cannot have logic because market is never logic, you cannot apply logic to an illogic thing, you have to think illogically. Words of wisdom.. so very true. Valuations of FB Elon priceline and even bezos are illocal make no sense b...

[ You addressed your post to Cobra - hope you don't mind my comment I Thank you for your comment. Sure, anyone can respond as sometimes it taker longer for Cobra to respond and if he is not interested, he may not even reply! :D coming back to your reply, would you think that having Bitcoin future u...

Daniel wrote:

Shaishen wrote:. . . . .

Hope I speak for most in saying we always appreciate your comments, on any question or subject.

Thanks

.

Cobra, I dont know if you even follow Cryptocurrencies or market. But as a Investing Guru with solid experience, what is your take on Bitcoin and other cryptos out there? Do you think it is in Bubble as no assets or commodities ever gone this parabolic in history ever...Bitcoin has just gone from p...

Al_Dente wrote:“stocks pare losses”
But hey, it ain’t over ‘till its over
Bears still have a 3x and 2x bias… but dropping fast as the shorts cover

Local evening news need the DOW at less than 100 points loss - (in perspective that is 1/2% - solidly above 23K)

1 hour to get there..

.

The invisible hand(s) are grinding higher forcing short seller to doubt themselves - the banal intraday inverse H&S with divergence works again - must move past today's mid ES 2553 and VWAP presently at 2552. Evtly reach 2560 (IB mid) to discourage any short sentiment that might be left. One day...

On fintwit some machine learning algo coder said he ignores H&S pattern advocates .. go figure. Everybody sees the same pattern and everybody thinks everybody else sees it so it's not going to work, it will work ES 2550 Mpov on my chart, also 2046 to 2050 is Oct consolidation zone so bounce or s...

IF they cut corporate tax rates it will only help the smalls. So they should be up on this news. Big guys pay almost no US taxes. We all know why. So any member of congress who gets up and says cutting rates for big corporations is immoral or what ever is a hypocrite because 'they' put all those lo...

ES 2497 is the clear point of control for now. I am learning market action or auction theory vocabulary. They call this area a fair price because buyers and sellers are in balance. They also call it a zipper on the chart. POC at 2497 looking at profile shape would suggest more downside, BUT "t...

johnnywa wrote:Shut blog down,no need we are never going down again.Waiting for missile launch so we rally another 30 SnP points

Like Jani (Cracked Market) said: "A market that refuses to go down will eventually go up"

If we get any slightly positive news re da tax plan >> 2520 on deck..

.

So NAZ is atypical or an indication what's to come for SPX resp ES and YM ?

.

but still there is a high risk of your money. Do you know any reputed exchange floor for Crypto? Always a risk when you place your funds in a trading account. Only send to broker what you need to trade. Also regulated brokers can go bust as we know. What you mean by exchange floor? You exchanging f...

ES knocking on the door of the 50% retrace of last weeks up move. Center of balance (POC) for last two weeks in that 2445 area. ES possible retrace to the "skinny" moves 8/30 at 2443 and 8/29 at 2430 which would mean re-entry in the 2430/50 balance zone putting us in waiting mode for anot...

Cryptocurrencies Hello Everyone, I would like to invest in CryptoCurrency such as Bitcoin, Liteconin etc. Anyone here play this currencies and what is their view on this new market segment. I know if you would have invested $ 100 in Bitcoin back in 2011, you would have been seating on $ 70 million!...

Shaishen wrote:

Cobra wrote:pullback too sharp, no longer perfect buy dip setup but still for now the pullback likely would be bought.

H&S top intraday completed.
Now for FIB fans here (again) the perfect half way back (50% retrace)

.

So maybe this time is different (stopped out)

.

Cobra wrote:pullback too sharp, no longer perfect buy dip setup but still for now the pullback likely would be bought.

H&S top intraday completed.
Now for FIB fans here (again) the perfect half way back (50% retrace)

.

I don't know if anyone else listens to Futures Trader 71's 9 AM morning pre-market pep talk ... If trading futures I think even xperienced traders should listen to his trader bites - FT71 has a gift to explain stuff in a way that generates a lot of aha moments. It's FREE ! and 10 levels above any e...

Everybody off for the w'end? ES stuck again in the middle. Intraday triangle is coming to an end point now - bias up?

.