Cobra's Market View

wayne0708 wrote:

Cobra wrote:good bull bar, someone is defending the morning low. needs a follow through the next bar to kick off the rebound.

Cobra: you were right about bounce is opportunity for selling. So, if trend head lower can you let us know target for L2?
thanks

no target, just move your stop loss.

EvilTrader wrote:I will buy me this toy after today's session.

With batteries and the girl included !!!

LOL

hmm, good H2 long, again, it's important you know the setup, expectation and tradings are totally different. I could expect to rebound much earlier but if you wait for the signal to confirm,then you won't lose anything.

I have left Trader Vix
after averaging down to 43 (requiring far too much risk)
sold at 60
may revisit later...but with less risk on

resistance at 122.60, let's see if bulls can go that far.

Not a wave guys, SSO here.

bullbear,
you are going long?

I am officially confused with this market. I don't know if I should go long or go short.

newbie_77 wrote:bullbear,
you are going long?

No,

bears look like they were able to nip that rebound in the bud with a bearish reversal bar on the 5 minute. i'm STILL waiting for a SPY LOD. i have a strong belief we'll make it.

tdo722 wrote:I am officially confused with this market. I don't know if I should go long or go short.

Me too. I just sold SPY put options to buy IWM put options.

tdo722 wrote:I am officially confused with this market. I don't know if I should go long or go short.

It depends on your time frame I guess. But we are in the Twilight Zone here a bit, it's true.

If these lows hold, then there could be enough upside available (gap fill?) for a very short term long position.

IWM looking to make new lows.

L2 short, no good for bulls.

tdo722 wrote:I am officially confused with this market. I don't know if I should go long or go short.

Consider a short long or long short position.

20SMA - 1217.3 bouncing from here. Will we close below this ?

cobra 3 push down ? and breakdown usually occurs?

oh lordy dord, usdollar is officially 5 wave up. no idea when 4th wave is over but when it is over, i guess we all need to step aside long, otherwise we will get crushed.

Cobra wrote:L2 short, no good for bulls.

I would say that now we see a consolidation in a a lower zone, which, essentially, should be bearish for swing-trading.
Do you agree?

I cannot believe Kim Kardashian's divorce announcement could cause such a collapse in the markets........troubling times.