Cobra's Market View

The narrow red and blue lines indicate more dn. the thick red indicates a small up which could be a bottom forming. But lets see.

On Fri the liquidity took another drop below the thick red line.May come up today but I think there is more dn to come.

Spy PB dn 208.53. Bears may not be done yet.

Yes..Now watch for the Brexit low and maybe then lower. Lets see

Liquidity has taken a good drop.BPSPX,BPNYSE and most other BP's have come dn and are in a decline. Looks like something will happen soon. Waite and see.

Cobra wrote:members only update starts here: http://www.cobrasmarketview.com/2016/10 ... ay-update/

Your verbiage lately sounds like you are getting disgusted. I think we all are. Maybe things will change after Nov 8. The Fed may lighten up a bit after that. Smile ,'it won't last forever.

BPSPX added another " 0 " now at 56.63.

Been a long time since the liquidity has gone into the contraction area. Now lets see if the fed will leave it alone for abit.

superxy wrote:

KENA wrote:The Dorsey Wright 18 mkt indicators are now showing 10 in bear territory. The BPSPX indicator is showing Bear Alert.Mkt could have some bigger dn moves after elections.

Where to see the indicators?thx


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The Dorsey Wright 18 mkt indicators are now showing 10 in bear territory. The BPSPX indicator is showing Bear Alert.Mkt could have some bigger dn moves after elections.

Up date on liquidity. Its jogging up and dn but moving dn into liquidity contraction. If it moves into this area the mkt may go to 2100 and then Brexit lows. But maybe not until after the elections.

Liquidity still tending dn.

Up date on liquidity..Up date on liquidity

Drop in liquidity

Liquidity took a drop out of the triangle. Also the Dorsey Wright 30 and 40 week NYSE dropped and is now in Bear area. Maybe a change is coming.

Looks like time for oil to start up a bit

Schaffer's today says watch for the 24 month S & P death cross. It is now very close. In the past there were dig losses.

FYI...BP for IWM is at 50 (per Dorsey Wright }

MrMiyagi wrote:

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Yes and I also have SPY dn to 206.53

uempel wrote:Thanks for the BPIWM Kena. Can you show a daily/weekly chart?

I would like to, but they have that blocked.