Cobra's Market View

SPX 15m ... just below the gap

SPX 5m .. another version

Went to buy near the close of yesterday. The entry was also supported by the hourly setup that I posted yesterday. Here is an updated chart. Price needs to overcome multiple residences before Bulls can declare a victory.

Al_Dente wrote:

rhight wrote:

Al_Dente wrote:Double top and gap resistance
Looks like a cup awaiting a handle ?

94spy_png.png

I think this is the handle, expand to 6 or 7 days. What we need is a handle to the handle and then a high volume breakout, IHMO. That could turn the minor trend. Until then, UPV is slow to gather.

Thanks mr right
I know u'd like a big punch, or solid exhaustion followed by a big punch, but INTRADAY, 2.7-to-1 up/dn volume is respectable for bulls ….. at the moment…….

This "looks" like a decent double bottom. The trouble is, we have had so many V bottoms, that people have forgotten what W's look like! That said, looking back at big tops over the past few years, price may not have long to live if it does manage to get above the the 20/50 DMA cross. And so, there could be a big short squeeze here, just to keep things interesting.

are we there yet?

All aboard the breakout train..?

SPY, QQQ clear short-term b-out scenario, possible target SPY as stated earlier? (20day/50day MAs)

Only fly in bullish ointment is IWM, XLI, XLB, KRE have not yet broken above yest highs.

a few gaps.. some we are into.. some sitting on/below.. and transports lagging

$SPX:$VIX suggest time to short/take profit on SPX, but $RUT:$RVX and $NDX:$VXN still got room to the up side, not there yet.

rhight wrote: ................... And so, there could be a big short squeeze here, just to keep things interesting.

I like those

ps the gap is officially closed

If TLT about to move up...then Oil could pull back...they have been trading inversely...so short Oil buy treasuries?

Does anyone know about the Fed releasing minutes today at 2pm?

BullBear52x wrote:are we there yet?

Don't forget the pBar at 166$ from the 27th of August.

possible minor div on MacD SPX 5m

Kerry speaking again? Another drop coming...

MrMiyagi wrote:Kerry speaking again? Another drop coming...

Maybe it's Fed minutes..can't find a link...

MrMiyagi wrote:Kerry speaking again? Another drop coming...

I hope they use the line in the sand rather than a red line

BullBear52x wrote:

MrMiyagi wrote:Kerry speaking again? Another drop coming...

I hope they use the line in the sand rather than a red line

yes..... otherwise.... http://fullcomment.nationalpost.com/201 ... and-syria/

Vxx holding strong..