Cobra's Market View

I don't expect to see new LOD today but it is what it is until it fails.

1st test of ema20 in 3 hours probably would be sold. I don't know if this is it or not though.

Chart for the road: Attn: Dip buyers, lots of room to the down side still. with this type of chart pattern, bulls stand down is best strategy. Peace!

HAPPY HOUR

Al_Dente wrote:HAPPY HOUR

jack daniels.png.png

Gentleman Jack on the rock time, cheer.

Trades with cats wrote:The amazing power of the round numbers.

Incredible though.

BullBear52x wrote:

Al_Dente wrote:HAPPY HOUR

Gentleman Jack on the rock time, cheer.

Looks like many broken uptrend lines, and broken dreams
Today the majors are all below their lower bolinger bands (ignoring the bottom three panels)
Below the bolingers only lasts a day/few days
Everyone (except INDU) is oversold. INDU broke 18000 (round number) and everyone on the net is crying
TRAN IS THE EXCEPTION: it just pierced the lower bolinger today, the bolinger is compressing, and it is far from oversold

BullBear52x wrote:Chart for the road: Attn: Dip buyers, lots of room to the down side still. with this type of chart pattern, bulls stand down is best strategy. Peace!

nice , maximum scare would be breakin that lower trendline...soon see...guessing right around election day!

ok, if this 2nd attempt rebound failed again then it'd be more likely for real. key time.

SPX 2112 or 2115 close .. if the bulls can make it.. LOD goes.. then 2095ish

Royal Bank of Canada explains what is going on today. http://www.zerohedge.com/news/2016-11-0 ... aging-wave

fehro wrote:SPX 2112 or 2115 close .. if the bulls can make it.. LOD goes.. then 2095ish

almost there 2115 heavy resistance.

well, guess that's it for today. Wednesday tomorrow has been bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Heiken-Ashi 2 hour spx lookin toward manana's day trade... EOD today may be the measured move to a diamond fail and h/s I think is there in the red tint circle. The empty red circles below denote oversold stochastics stutters which resulted in the spx stalling for overbuy action to creep back up. Verdict: sidewinder grind between the 50.0 / 61.8 fib retrace until election eve. Then target move to the black box confluence 38.2 retrace about 2072.02. Time/price on confluene crosses are not linear, just like gap fills. Consider them an eventual target magnet.Hourly dollar/yen to confirm. Bounce off lower fork up to cloud again then drop, rinse and repeat.Despite all the propaganda, the Fed pulse is paramount and they are unable to resolve their plight right now. Read somewhere that all-bond duration risk is at historical high, so this time is different after all. Every 1% rise in 10yr yields = 1 trillion in bonds loss? Intersting times. Good luck, vote Cobra.