Cobra's Market View

ES broke 5min and 15 min EMA20, should be some buyers at hourly EMA20 (about 2239.00-2239.50).
Could worth a bet.

uempel wrote:Short term this rally might continue until next Tuesday. I've got a cycle and an ellipse time signal for the 13th ...

p.png

Finaly, we got a date with bears !
Hope it gonna be for real !
Thanks uempel !

GM, This is as adjusted chart of ES from 2009. Due to the strenght of yesterday move, it seems we broke bluen channel, and now what? Well black channel @... 2340-2350 ! :D :?: :D Good trading all. Champix, same for SPX. I'll post the chart in 15 minutes ... Here's the very long term linear SPX: If ...

GM,
This is as adjusted chart of ES from 2009.
Due to the strenght of yesterday move, it seems we broke bluen channel, and now what? Well black channel @... 2340-2350 !
Good trading all.

ES 2202.50 is my line in the sand; Above, bulls are back, again !

GM, BP are down today (BPINDU and BPENERGY down big). Maybe a consolidation is in the card. http://stockcharts.com/freecharts/candleglance.html?$BPNYA,$BPCOMPQ,$BPOEX,$BPNDX,$BPSPX,$BPINDU,$BPFINA,$BPENER|C|0 (credit master : uempel) To keep in mind : Wedneday : OPEC meeting Friday : NFPs Week-end :...

GM,
ES up and up and up on 5 min, 15 min and 1h... quietly.

FED minutes in 2 minutes;

USD weak, GOLD strong, BPs are still down. Not sure we are yet in the north train for the dead cat rebound. Carefull !

champix wrote:GM,
On ES 2127 is my line in the sand. Above, I will play a come back to Friday high @ 2142. Below, we should see 2120 then 2116.
Good luck.

ES, low @ 2117.75, pfffffffffffff boring day it is !
Have a nice one, I'm off.

GM,
On ES 2127 is my line in the sand. Above, I will play a come back to Friday high @ 2142. Below, we should see 2120 then 2116.
Good luck.

If we break on the downside (white channel), I have two targets : 2122.75 (5min gap) and 2120.25 (Measured Move). First thing, stay below 5 min ema20, then break channel, then avoid double bottom, as usually, hard to be a bear :) OK, back below EMA20, broke the channel, still the double bottom thre...

pffffffffffffffffffffff

Cobra wrote:still could be low was in.

Come on Cobra, let a last hope to teddy bear !

On a longer term view (this a an adjusted ES chart on a daily basis), ES is stuck between MA9 (red) and MA144 (blue).
Next week, a close below MA144 could envolve a move down to 2063/2070 area (MA200 and yellow channel).

If we break on the downside (white channel), I have two targets : 2122.75 (5min gap) and 2120.25 (Measured Move). First thing, stay below 5 min ema20, then break channel, then avoid double bottom, as usually, hard to be a bear :) OK, back below EMA20, broke the channel, still the double bottom thre...

If we break on the downside (white channel), I have two targets : 2122.75 (5min gap) and 2120.25 (Measured Move).
First thing, stay below 5 min ema20, then break channel, then avoid double bottom, as usually, hard to be a bear

champix wrote:GM,
A bull train it is on intraday basis !
On a daily basis, I will try a medium term sell @ 2145.5 (EMA20 daily).
Good luck.

Well it goes south without me.
We lost the 5 min EMA20 and the ascending channel. Maybe a 2123 kiss and good bye target!

GM,
A bull train it is on intraday basis !
On a daily basis, I will try a medium term sell @ 2145.5 (EMA20 daily).
Good luck.

champix wrote:ES : resistance at about 2132 ! Bull train is gaining strenght

Well 2132 hold well, we gonna see where whe close.