Cobra's Market View

Nothing new, ES still on fire mode, on its way to target (pink).
Dax is arriving to the end of its bullish MM (measured move). I will try a short late tonight/tomorrow morning on it.
Nice trading everybody.

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Bulls are alot weaker than I anticipated today. well, a trade <2106 SPX we may see a high for today.

could get interesting here…

The currency tell is at resistance in a consolidation.
There may be an ascending triangle forming in it.
A clear break up would suggest more highs for equities.
If it swings back down and breaks the bottom, it would suggest something else.

My NYMO chart continues to suggest the possibility of a nice downside move.
However, trend strength in the SPX has reached a level where the market would probably need to bleed momentum in some topping pattern before it can engage.
So, I thought last week I might get to stalk a short this week, but it looks like the bulls will have to tire out first.

internals trying.. but TRIN higher highs…

Mr. BachNut wrote:The currency tell is at resistance in a consolidation.
There may be an ascending triangle forming in it.
A clear break up would suggest more highs for equities.
If it swings back down and breaks the bottom, it would suggest something else.

GLD near key support.. depends on the dollars next move? watch for a possible inverted hammer?.. GOLD a hammer

support, but my guess is this pullback may have small legs.

SPX .. possible triangle.. or bull flag should it hold.. weakening tho..

TRIN quite Bearish at 1.92

Out of Bounds wrote:

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

Let's review, shall we?

Cobra, a seasoned pro with a proven track record posted on his free board (though some may be stupid enough to think it's a pay board) "Double Bottom? wow, gap bought again? Wow." this morning, page 1.

24 yr old poser wannabe posted on twitter this morning "Chance SPY will fill morning gap? Fair."

Yeah, big difference. In your face Cobra! End zone dance. Chest beating.

"Save your money"? More like save your breath.

MrMiyagi wrote:TRIN quite Bearish at 1.92

Was about to say the same thing. 2.0 right now

Out of Bounds wrote:

FlowerGirl wrote: SPY morning gap filled ...as expected...
You know where to find these predictions...and for nothing...save your money

You really are just full of yourself. You come to a board that is paid for by Cobra that he offers for free to encourage people to pay for his business and tell people to just use your advice for free and save their money.

You are affecting his business and have no regard for the consequences... Narcissist.

The funny thing is the gap hasn't filled. So....

triangle holds.. bigger move around 1:15-30pm ET? after the lunch hour..

Another "no icar" piece:
http://www.mondaynote.com/2015/02/22/ap ... -thoughts/

(There's enough "They're building a car!" articles out there)

Ultimately for me:

Pro: CarPlay is like when they built that iTunes for Motorola phone a couple years before iPhone came out. Make a car contract out manufacturing. Same as iPhone.

Con: Why build one car and change brake pads, etc, when you can build the software for all cars and never change a break pad?

(From that Onion piece a few days back: when the iCar stalls, the rims become spinning rainbows. Also liked the one about "windshield cracks easily, but car will still function normally.")

Nice Triangle /wedge on 3min SVXY chart - measures to approx. $62.59.
Gonna try scalp here…..
Full Disclosure, crystal ball is somewhat defective ……. LoL

Challenging Papa bull.

13:31 News Bot: Financial Times writes that OPEC may hold an extraordinary summit due to the slide in crude oil prices