Cobra's Market View

Smalls back into the green and just into the daily statistical noise range (1393 to 1396.4 today RTH)

Trades with cats wrote:Smalls back into the green and just into the daily statistical noise range (1393 to 1396.4 today RTH)

sorry boss, tell me again, what is "RTH"
thanks

Nice! SNAP going parabolic. Zerohedge asks Apple , Facebook or Pets.com ?

RTH seems to be shorthand for regular trading hours, or the old open outcry market. I guess the overnight stuff should be called Globex because the extended hours handle seems to mean the extra 15 minutes after the floor traders stop.

Fat Tails (Henry in Berlin) daily weekly and monthly pivots, VWAP and high low close ADR indicators can all be set for any and all trading hours. He suggests using the hours where the bulk of trading goes on.

VWAP, Daily floor pivots, open high low and average range.

Quickie guide to who is dominant
Pink is wussie intraday today... so far...
One min

Ellipses on long term weekly SPX suggest that it's unlikely 2400 will be busted anytime soon.

This right here is another opportunity for IWM to double bottom
Let’s see if she takes the bait
5min

My long term chart for ES (continuous) with channels.
Yellow channel has stoped the bulls for the moment. 2370 on ES should be a good support today, MA9 days.

for now it looks like a bear flag, just nowadays most bear flags turn into V shape bottoms so hard to trust what I see.

wishful thinking
https://www.youtube.com/watch?v=RfXZ6NHoGtA

No new LOD from here I will be very disappointed in bears

5 DMA support, last stand for short term bulls.

new low ? Well FOMC Evans was concerned about inflation, sounding dovish. Vice-Chair Fisher is up at 12:30 and is a Hawk so if he sounds soft we could see a reaction. But I have no idea at this point which way the markets will move if they do not raise. It is that game, what do you think everyone else is thinking.

Hey SNAP how u doin’

Well so much for that. Fisher does not comment on rate outlook in his prepared statement.

once the /DX traded lower than 102.05, I know the correction in /DX is not good sign for rate increase talk. will see. right now /DX is on sell mode short term, so is /ES under 2380.

/ES 2380 is key pivot on short term as of today.

Anyone with link to janet live, please post soon

I think it is a requirement for Chair Yellen to confuse the markets at this point and "keep em guessing". If I am right then we sink into a boring range.