Cobra's Market View

Major support hit from 2016 highs.

Stockcharts in the fritz again

I am a bit confused. You show bearishness in every time frame and yet the NS model is a Buy? Please help me understand. Thanks.

IMHO, previous Payroll days have been negative due to fears of rate hikes as economy shows signs of robustness. Now that we have headline news driven Algo nightmare trading, who knows what tomorrow will bring. All depends upon headline news and the boss's tweets..Crazy times

$TRINQ and $TRIN showing selling..would like to get opinions on how effective this is for trading..

Story of every trader's life..it's always a probability :) When you sell, mkt goes higher. When you hold, it tanks..Only people who make money consistently are "insiders". Traders have to manage emotions and follow a system blindly..take the good with the bad, minimize losses blah blah bla...

We hit the downtrend line on the Daily $SPX , connecting the Oct high and the Nov high, before turning back..Also right around the 200 day SMA. IMHO..Bears sitting there right now..

Fed is essentially talking about Stagflation. What's the typical market performance during such phase(s)?

$TRIN and $TRINQ solidly in distribution mode..

I hear you. This V type sucks !!!!

Inverted Head and Shoulders appears to be forming on most indices and stocks..If we break up thru this resistance, we have a bit of a prize at the top..

Yup ! Triple witching..Have to burn both puts and calls. The ultimate casino

Charts apparently say big move tomorrow....as I said before, we could see a move similar to May 1, where we bounced heavily, then sold off....??? We will see....either way the move should be reversed on Thursday or Friday....IMHO... Edit: Btw, the up move all happened intra-day on May 1... Someone ...

Bradley Sideograph indicates a market turn on July 28th. Do we think it's turning lower or higher?

Can the BBs pinch any more? Can we YAWN any more? Damn !!!!!!!! Let's get a move here folks..enogh of "paint drying already"..)

Cobra wrote:I saw small double bottom here, let's see if any rebound here.

morphing into a bear flag..

oh sweet lord. bears have no claws at all. they were given the best opportunity to take the ball, and they totally gave it up. this is a little like American soccer...if any of you saw the match against Ecuador. this is almost as painful to watch. :) totally agree..bears are freaking out of balls.....

uempel wrote:

Dow Trader wrote:Bull flag !!!

Me too, I just drew this BF, but first attempt to break out to the upside failed.

SPXH.png

Everyone is on the same side..will the market let everyone win ...)
Ek

Good morning all, Butting up against some serious resistance here. A throwback before advancing makes sense to me. If it turns south here on the the currently accelerated minor trend cycle, that would make a Lower High on the Daily chart sometime early next week (if not today). It looks to me, all ...

Cobra wrote:be prepared for the breakout. bulls need a decisive breakout, otherwise, it'd be just a stop run.

This may breakout, but the trend has changed imho..I will wait for bearishness to reexert itself..There's too many freaking bulls out there playing with free printed money..it is quite disgusting..
Ek