Cobra's Market View

TLT daily. 3 good up days in a row. Pushing the outside of the Bollinger envelope. At the EMA 50. Not holding. Not recommending. Although many are buying. Possible day trade. The sectors, the alternatives, the Dow, etc. are all in a mixed bag right now. Pick your spots. Just in my opinion.

Exited one half at 3798 in front of the fib. I`ll keep the runner alive in case my scenerio of a small rally today survives. Avg daily range is 89 points ,and todays low is 3744.50

koolblue wrote:Exited one half at 3798 in front of the fib. I`ll keep the runner alive in case my scenerio of a small rally today survives. Avg daily range is 89 points ,and todays low is 3744.50

Nice play. Well done. But an earlier call would allow people to follow your play.

I had no way of knowing if it would go past the 3786 breakout point untill it happened. i suppose i could have shown the triangle earlier tho. Im exiting the other half a point in front of the 618 fib, even tho i expect 3833 at a minimum

koolblue wrote:I had no way of knowing if it would go past the 3786 breakout point untill it happened. i suppose i could have shown the triangle earlier tho. Im exiting the other half a point in front of the 618 fib, even tho i expect 3833 at a minimum

No worries. Well done. It has continued upwards.

Trying to exit 3714 ,in front of the 618 fib. The reason is if you draw your fibs from the A to B ON THE TRIANGLE (the initial thrust) the 618 is at 3714 . 50. better safe than sorry

A/D issues, advancing 400, declining 100 in $SPX. better looking than yesterday for bulls. need to see new HH from yesterday's high to gain positive price action going into next week.

Cletus Close:

1) Holiday effect might finally be kicking in as stocks rise
2) If so, the rally should last into next week when the seasonality breaks less bullish
3) Whole month of July is bullish. August and Sept are very bearish
4) Double gap at SPY 397 will be filled sooner or later

Chart pattern of a bear flag is clear overall. nothing to be excited unless we trade a lot higher from this point.

Just for fun, I am not E-wave guru. eyes candies only. 5 of 3 wave to get LL from here? just a look at different corner. Peace!

SPY 5 minutes. Price action. Back to the high of the day.

Does anyone know where to to download hourly data for excel? Stockcharts lets you download daily and weekly data, and although you can use their charts to look up historical hourly data, there's no option to download the data.
Any help is appreciated. Thanks!

Lotta resistance up here from 3723-28 because of previous closes there earlier this week. Mr Gann say 3728. Mr Kool say 3733 or higher....lol

ES 5 minutes. Trying for a breakout.

Have a good weekend, Everyone.

daily high so far 38 33... Kool 1, Mr Gann 0...lol Have a great weekend all!

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374

This was last year's holiday effect, fwiw