Cobra's Market View

SPY's phantom high met.

Two of my long term holdings, AAPL, SBUX clearly broke out. That tells me today's gap down may not be a trend change.

For real?

a-b-c move is over, up we go from here?

It may not breakout since it's OE day.

QQQ is in short squeeze territory now. COMP is going to follow.

With a bigger and bigger rally today, will we see a MAD tomorrow?

Waiting on the consolidation here.

/tf, /nq, and /cl are in green now. Volume breadth turned into positive momentarily. A strong open.

Start to feel a possible trending day today.

su_root wrote:

ddd wrote:As long as the volume breadth keep on trending up, no sell.

By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

How/from where do You get those fancy indicators?

With "pw" is my experiment or tweak at ThinkScript. Otherwise it's from others programmers.

As long as the volume breadth keep on trending up, no sell.



By the way, a solid MAD so far, and a MAD is rarely reverse course intraday.

I'm holding my /ES longs, only tightening the stops.

Intraday breadth trending up...

Holding my longs, we are going higher as lots of shorts are feeling the heat now.

Now ears on the FOMC minutes, after 11:00am.

The day after MAD, which is an attribute of a w3, buying dips below the open and selling rallies above the open works. High probability of a small body day. A w4 formation?

1206.75 was an important prior swing high of /ES. A decisive breakthrough that level could cause significant short squeeze (as apposed to a short covering)!

HOD so far is 1206. I would not short at this point.

ddd, just curious. which indicator on your price chart is generating those red and green arrows? Also what is that wide dots? Is that a moving average? Thanks 2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point. http://i1...

2nd pivoting time of the day for /TF. Out of longs for intraday trade for now and watch if a correction materialize at this point.

cougar wrote:An alternative:

I think that is a higher probable path, and 9/26 (a day before the next Fed decision day) could be the target date of your point 5.

So about two weeks of short covering ahead for now, and followed by a two weeks of next wave of short attach to force Fed's hand (again), is expected.