Cobra's Market View

So guys will we get SPX 5500 by the end of the february ? This market is a joke and it is all thanks to Powell stealth QE ...

This is how magic monday should look like
viewtopic.php?t=2749

This is very nice pattern for bears, thursday we should get one more push till 4600 and this bear market rebound should be over

Cobra wrote: ↑Wed Nov 22, 2023 3:43 pm Probably just a news, people will soon back to buy buy buy mode.

This is due new COVID like disease outbreak in China So we will get lockdowns again probably in January so we will repeat march 2020 flash crash once again

Cobra you are permabull right now, you even did not mention about possibility of exaustion gap
Check you post from october 2021 (same move now)
viewtopic.php?t=4253

Guys for now this rebound is exactly as during february 2022. Than we get move from 4106-4422 in 6 days, now we get 4103 - 4419 in 11 days, so next point for now shoould be 4140

Must be someone said something. The next time before I'm out for lunch or going to the washroom (the long one you know), I'll let you know, definitely a big move would happen. Well someone just does not want to buy bonds :) But who cares, this is all bulish and we are going parabolic UP, right ? ;)...

For now 95% chances that top was yesterday Okey top was already taken

If I may mr Great Snake, check 24th Februrary 2022, SPX than moved in just 2 days from 4106 to 4388, now market with help of FED and "bad NFP" was only able to move 4103 to 4373. Can you explain to simple people how the hell this is strng move?

Low(temporary) is probably in for now due to overshoot in cfd. Today CFD spx low was 4125 while regular market was 4128 it is very important sign

Long lower shadow for 2 days in a row, meaning bears failed to push down again so tomorrow it'd be the bulls' turn to try to push up as you human usually give up after trying twice and the try the opposite direction. That said, whether bulls will score or not tomorrow, we'll have to wait and see, t...

Guys you know already that NVDA earning is fraud ? This is done by same guys which made 2007-2009 crisis looks so bad

https://www.youtube.com/c/NobodySpecialFinance

SPX fell just befre JH Powell's speach so probably tommorrow will be opposite of what we get last year, hmm

Cobra wrote:Higher low (green arrow)? So the low was in for today? The pullback was already larger than I expected.

TGA drains liquidity so "bulls are always stronger" rethorics is gone for now, NO free liqudity from Yellen We can back to proper bear market.

Conclusion: Heavy lifting needed to breakout above the range. There is a lot of buying pressure keeping price up, as it endlessly tries to breakout. No swing trades long on SPY or ES for this trader. Day trades only. Other assets might be fine for swing trades. On the dark side, the balloon could p...

Trades w 2 Cats wrote:

M2.png

This is the Fed pulling liquidity. They don't have data prior to the late 1950's.

Here you go

ehh, this market is insane to be honest. Even current drop down is still not enough to makethe top and we will get slightly above 4215 this or next week So hard for the bears

What begins ? What leaks ?

Bears are stronger than I thought but still is in a range bounded by blue lines, I'm waiting to see whether it could touch the blue line below. Cobra we breakout from gigantic bear flag (you draw it on hourly in march) , so thats why bears are strong :) They are just back in control thats all, for ...

Guys I do not want to kill bull dreams of paradaise but my magic ball said rebound is over By end of June SPX should get below 3500 and than we will see.