Cobra's Market View

TRIN-NYSE has been creeping up all day. At 1.21 now (was 0.68 at the open)

Getting a bit late in the day for the classic V-shaped mad bull bounce

Trades w 2 Cats wrote:Options experts saying if we go below 4,500 gamma will flip with the market makers forced to short the market as new put buyers come in.

Guess that's why we keep bouncing there for now

TRIN above 2.0 here at the open, danger signal for bulls

Got some VIX divergence: new HOD for ES, no new LOD for VIX so far (about 0.9 above LOD in fact)

RSP has already given up most of the post-FED move up. QQQ and SPY... not so much

How thin can this rally get?

RSP equalweight SP500 etf made a new all time high today by about 0.8% (QQQ definitely did not)

Don't know how well this is going to work out for me, but RSP (equalweight SPY) making a new all time high yesterday by 2 whole points over previous high suggests to me this is a sector rotation instead of the start of a full blown bear market

QQQ first touch of 15min EMA20 since 2 days ago (didn't touch at all yesterday). got rejected there so far.

Trades with cats wrote:No failure allowed for bulls here or we get a legit double top.

Looks more like ascending triangle to me. Note QQQ made a higher high

I am not trading but seeing something worth mention. ever heard of Wyckoff theory? see low volume bear trap, we are in C phase of it now I think. never thought they will pull it on the main index, individual stock I see it all the time. well,looks like a Wyckoff accumulation to me. can't wait to tr...

SPY made a lower low just now but QQQ, IWM, RSP did not

SPY/QQQ bouncing off the Tuesday intraday low so far.

SPX IHS on 1 hr chart. Gapped up over the neckline.

BullBear52x wrote:Tick has been positive all morning, I am looking forward to test 2670 line of resistance,who knows, the Algos that everyone talking about might get crazy and take us to fill the gap of yesterday

IWM just filled yesterday's gap. SPY.. not so much.

anyone else's stockcharts look weird? the first 4 candles from today are missing for me...

RSP below last friday's low. has been leading SPY for most of the day..

RSP green SPY red

https://www.youtube.com/watch?v=f4Mc-NYPHaQ (Queen - I Want To Break Free)

yellen vacuuming the SPX today. gotta tidy up before Jackson Hole.

BullBear52x wrote:clockworks,

BullBear do u only check TSI on 1 min chart? or do u also use it on higher time frames (daily for example)