Cobra's Market View

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near range low, maybe rebound? possible range day.

members only update starts here: http://www.cobrasmarketview.com/2018/10 ... ay-update/

been waiting for a 4 hour bear cross on mac d on qqq. happened...Int Term think market may suffer for a bit...

Just going to have to wait for a turn. TICKs seem oversold, but market is still going down....

Getting near 8 day lows....

In above chart, also getting near the S2 pivot, will that support it???

te_fern wrote:Just going to have to wait for a turn. TICKs seem oversold, but market is still going down....

should bounce at 2906/7, after that , extreme caution imo..

Apparently Jerome Powell needs a MAGA cap!

Along the lines that you are thingking bbb2, coolbiz posted this last night:

SPX tried hard to take out the high of Sept 21st, missed by 1.05 points. Weak price action, EDT may have peaked at 2940.91 on Sept 21st.
Would be ideal if it takes out 2903.28 in coming days, if it does, expect a swift slide down.

brokebybernacke2 wrote:

te_fern wrote:Just going to have to wait for a turn. TICKs seem oversold, but market is still going down....

should bounce at 2906/7, after that , extreme caution imo..

bulls need this higher low bounce to hold , dont see much blocking the way to 2867...

S2 pivot didn't even slow it down....

Semi's are back to their 8 day low...

Bio's have broken their 8 day low...

Smalls are working their way down to it...

if rebound failed here then it'd be downtrend day.

Financials look only slightly better....

Jack Ma has predicted a 20 year trade war with China. Bloomberg says the Obama administration spy masters blew it allowing the chinese to infiltrate all our networks. Yes we all do it but this is going to put congress in line with the President . Excellent reason for a sell off.

FAANGS crashing. Well we are now in the blackout period so they are unable to buy loyalty.

Dollar and bonds in extreme volatility.

What a great convergence. At the same time the rumor is for the best jobs report since the 80's. Somebody will make money tomorrow but they will have to get it right.

Intraday rip will be sold.

bigger picture, Mid range support zone.

This is what I am looking atm. bulls need to regain strength above 50% retracement before the bottom is possible. WDIK