If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
I don't read it's a back test of broken price channel because rare it works. I think it's Triangle so bias is up.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
If you see a strong reversal within the first hour, that could signal the end of the recent up move. Bulls are facing a confluence of resistance here. Intermediate trend is still down despite recent strength.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Out of Bounds wrote:Long 194.60
Many contributors here are making some very good points. Cobra has been spot on.
I'm hoping for a gap and run today. GL everyone.
never trade against the guru it seems is right all the time
Out of Bounds wrote:Long 194.60
Many contributors here are making some very good points. Cobra has been spot on.
I'm hoping for a gap and run today. GL everyone.
If you look at IWM it appears a bear flag is forming which looks like it might be complete around 112.50ish on Monday afternoon /Tuesday morn? IWM patterns have been much more reliable. It also appears that the pbar of 196.75 Mr. Myagi has been showing could actually be the turning point on SPY.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
has anyone else noticed that since the bottoming day a week ago, every overnight session on the ES starts to rally at 3AM EST, when Europes desks come on? Also many days I have noticed that the AM sessions horsepower diminishes greatly (and generally the days high or the days first real sell pressure) as soon as the Europeans go dark at 11:30AM EST.
Dollar is rising, our economy is more solid, why not invest in US as a safe haven. I see the same thing. What I don't know where to see a chart of capital flows.
Tutti wrote:has anyone else noticed that since the bottoming day a week ago, every overnight session on the ES starts to rally at 3AM EST, when Europes desks come on? Also many days I have noticed that the AM sessions horsepower diminishes greatly (and generally the days high or the days first real sell pressure) as soon as the Europeans go dark at 11:30AM EST.
or maybe I am crazy
that's fairly typical of what I've seen over the past few years...at least among some traders they look for turning points in the market as Europe closes
QQQ update, bulls are trying to press above the line, but a false breakout is still a possibility, for now it doesn't seem to be happening, well, if it does break there's more resistance up at 98.88
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.