Cobra's Market View

triangle, now bias is up (since bears cannot push down wasting too much time).

Bye guys, too boring...

MrMiyagi wrote:

2023.png

Thanks Man

SPX 15m

johnnywa wrote:What happened to your July 5 th qqq bars?

Still there...

nothing to say, triangle still is valid but I'm neutral. lunch time will be back.

$DOW: It would be a nice pattern

not a valid breakout yet but kind ascending triangle, so the bias is up.

$USDJPY: Watching if the current pullback forms a LD

ascending triangle text book target.

Indices green VIX green.. atm

Nooo....

seems there's a little activity in GLD today. .. trying to print an outside reversal candle *Revised the chart.. if this candle sticks, look for a retest of the cyan triangle.. or the 50 day.. or the upper pink triangle... which could be a "C" move in an ABCDE triangle... so chop for months.. if it all plays out...

quientuves wrote:Nooo....

Quien, anyone else holding out for a just maybe cheaper put mañana?? DOW, ES haven't yet matched overnight hi's. Silly ole Nasdq has.

other than intraday we are very overbought.

Intraday =Buy, but very weak, two buy failed to make a new high.

1929 ????? "They" could not make it THAT easy could they???

quientuves wrote:Nooo....

big cap like BA, IBM, MSFT, and INTC are all weak.

pullback slow so likely would be bought.

BullBear52x wrote:big cap like BA, IBM, MSFT, and INTC are all weak.

Boss: nat gas
http://www.ft.com/intl/cms/s/0/ce11b67e ... ntl#slide0

Is my imagination running away or does the Vix look like a small inverse head and shoulders?