Cobra's Market View

Dome update

BullBear52x wrote:

KENA wrote:Hi BB52X..To late yesterday to ans you..Yes the salmon fishing has been very good here in the Seattle and coast area and is still good. I think you should go fishing.

Nice, Thanks, I might head out to hit Columbia river. hearing the fish count picking up really good this year.
Well, here is new buy for Seattle.

Just watch out for Sharknado boss

Short. No change.

My summation index signal is neutral. It is possible a good rally could tip it up for the SPX by end of week, which would give me a headache.
My composite trend indicator signal is down. Unwavering bear on this.

Breadth appears to be cycling up, and we are headed into month end.
That plus the high TRIN the other day and a few other things suggest another counter-trend move to stress the bears could be lurking.
It could be mild or it could be intense (I'll assume the latter).
My trend signal is sufficiently negative, I am inclined to anticipate any up move as corrective and not a turn for now.
Given what is happening with breadth, I could end up with mixed signals and perhaps mixed positions in the days ahead (not fun).

Technically, we got our wave C...now on the right is the Dow...needs to get above resistance if we are to head higher today....

Al_Dente wrote:

BullBear52x wrote:

KENA wrote:Hi BB52X..To late yesterday to ans you..Yes the salmon fishing has been very good here in the Seattle and coast area and is still good. I think you should go fishing.

Nice, Thanks, I might head out to hit Columbia river. hearing the fish count picking up really good this year.
Well, here is new buy for Seattle.

Just watch out for Sharknado boss

sharknado_png.png

Yike

SPX 5m

breakout, this bull has legs.

Sold longs 164.70

Cobra wrote:breakout, this bull has legs.

Dagnabbit. Well, I may re-enter if I get a pullback.

DT out at SPX 1646.5 (I trade e-minis, but I'll be moving out when SPX hits the target)

GDX target (gap fill and measured move and support) is about 26.98, let’s say 27
But right now it is at 50% fib retrace and at a pivot point so a bounce is possible?
[Fehro do you have a better view?….. of gdx NOT nugt or dust….. thx]

SPX 15m

FYI. This P Bar got tagged at the open. Only off by a penny...

uempel wrote:DT out at SPX 1646.5 (I trade e-minis, but I'll be moving out when SPX hits the target)

79.png

Target eminis? You know?

SPY?...

NFLX looks to be out of gas. no new high, it's buy the dip set up just saying

AAPL next sell wave comes in will take the Qs with it.


Intraday is now overbought. I am selling /ES here "gut shot" hourly RSI is sell able. it's not going to be easy one but at this moment I am betting a pull back from here.

Al_Dente wrote:GDX target (gap fill and measured move and support) is about 26.98, let’s say 27
But right now it is at 50% fib retrace and at a pivot point so a bounce is possible?
[Fehro do you have a better view?….. of gdx NOT nugt or dust….. thx]

The attachment 829gdx_png.png is no longer available

yeah not sure.. would expect a little bounce*, then continue down?... a little ABC /3 wave move down? Looking for a little day trade here

Ok, got out at SPX level 1645.30...