Cobra's Market View

sleeman wrote:

sleeman wrote:

sleeman wrote:scalping to short side....in and out

seel44.5

admittly terrible entry

try again 47.25

Sell @ 46

what was that? need to see <42 from here.

Rut row, EIA not good. Big increase in distillate and gas inventory, oil draw down less than expected and of course (drill baby drill) production increased.

9:10 AM 7/13/2016
High Est 2152.50
Actual High 2150.75
Dif= 1.75
Low Est 2139.50
Actual Low 2143.50
Dif= -4.00

Notes
The choppy up and down could continue with ever-widening swings.
From the H/L estimates there is more room to the downside.

Missed the 2147.25 second chance

Not expecting too much range-wise from today, say 12 to 12.50
12 from current hod gives 2136.75

Cl has had a sharp drop and ES is still rising could give 2048 chance

SPX struggles.. NDX already new HOD, VIX new LOD..

gappy wrote:Checking the ponzi....

Very funny, Mr. gappy, but we as technicians like to call an index by its proper name, and that is the 'SPY' etf.

The fact that I totally agree about Central Banksters and inflated valuations is irrelevant. Cleverness if one isn't careful can lead to sarcasm, which can in turn lead to developing opinions-- which can lead to NOT JUST FOLLOWING...

IF Cobra has lodged anything in my head over the years, it is we Just Follow.

Vote Cobra! .

SPX is roughly flat on day, up slitely-- but NYSE up/down volume has been a good bit more negative, 4/3 down volume...

I think I'll pass on the sell
too tired
getting late in the AM
range est too close to threshold of 12

we'll see..

buy cover,,,46.25 waiting for direction

sigh

100% mm possible.

new LOD, my chart still suggest no trend, more sideways?

SPX new LOD, VIX near LOD.. looking for 2142 SPX

BullBear52x wrote:new LOD, my chart still suggest no trend, more sideways?

Now I do down trend to continue.

Exceeded the target so the pullback may still have legs.

I'm away for a few days so no updates on pBars.

Cobra, question, NYMO macd is it 19,43 or 19,39? Thanks!

support zones

no fear.. lol VIX red, SPX red.. mind the possible orange H&S weak bounce here.. and LOD goes again.. then looking for previous ATH at 2134.72 NDX/RUT very weak