Cobra's Market View

tdo722 wrote:how the hell can we trade in this triangle? no direction whatsoever.

buy the bottom, sell the top.. pretty straight forward so far

long 1245.5

98.99 gap filled on /cl. looks like a bull flag to me.. gap above at 99.59 and next magic gap is 100.74... i am long against the open and holding for the ride to 100.

once we get though /es 1256 resistance we are headed for the moon?

cougar wrote: Are we looking at the same triangle?
If yes, they will have to drop significantly more, after opening, to fulfill your prediction.
I’ll be watching too…
GL!

my prediction is based off of the /es triangle. we touched the bottom of it in the overnight session. that may be enough?

well guys this is it.. my predictions so far are coming to fruition.

break below triangle - check.
smash through the other side in a strong counter move - soon to happen?

today is bullish opex day. my money is on the bull late day rally or overnight squeeze. good luck. gap below at 1237.25 /es

resi has been sneaky lately----market just drifts up, like it's on a mission, and then it just stops at resi..... but then the selling is just enough to keep it below until someone can prop up the euro:) yeah the bear flags after a decline are super tight and annoying to trade. i prefer strong move...

looks like a small cup and handle on /es 5min chart forming. i bought the bottom of the cup.. also long crude 98, possible double bottom. target is gap fill area of 98.99 and up up up we go again.... crap. maybe not this time! i got stopped out of all positions for small profit. time to watch for a...

looks like a small cup and handle on /es 5min chart forming. i bought the bottom of the cup.. also long crude 98, possible double bottom. target is gap fill area of 98.99

feels like a bottom here. we retraced 50% of the move from /es 1270.75 to 1218.25.. enough to screw both bulls and bears. time to complete that symmetrical triangle up to /es 1322 gap? break of 1251-52 and count me in.

sold half of my /cl position from pivot for +1. lets see if we get a gap fill @ 98.99 well done agnosia, once again... I was too greedy (wanted to buy below 97)and I missed the push up ... :( I should definitely follow your pivots...:) thanks champix :) crude trades really well with pivots for the ...

sold half of my /cl position from pivot for +1. lets see if we get a gap fill @ 98.99

The retail investor is not playing this market, particularly those young enough to be depending on it to buy presents for their kids. They are too busy trying to make ends meet. market goes up into the holidays because people are chasing performance into year end and more importantly they want to b...

market goes up into the holidays because people are chasing performance into year end and more importantly they want to buy presents for their kids

buy buy buy.. don't ask why

agnosia wrote:if we don't get a strong close below weekly /es pivot of 1251.75... not buying this downturn. i went long the pivot price for now.

same with crude. weekly pivot 97.21. i went long 97.31, stop 97.20

if we don't get a strong close below weekly /es pivot of 1251.75... not buying this downturn. i went long the pivot price for now.

morning guys.. seems like most traders were looking at the symmetrical triangle in the spx so maybe we first get some throwback or even breakdown below the triangle and then a powerful move the other way? ( most likely during the after hours ) .. just my guess for this week.

this is the week we break and hold the 200sma on SPX up near 1273-4. 3rd time is the charm

good luck today guys. i am burnt out from being up so early... nap time

agnosia wrote:

agnosia wrote:covered all shorts here .. 1231.5. close enough to 1230. flat now. waiting...

long 1230.50, with one point stop.

wow, gap was filled. nice one bears

agnosia wrote:covered all shorts here .. 1231.5. close enough to 1230. flat now. waiting...

long 1230.50, with one point stop.