Cobra's Market View

possible double bottom, wait. In 2013, this definitely is where those dip buyers came in.

other divergences
30 min
SPY met the first dome target, XIV did not yet
emerging and china weak

Fehro, on your list of untruth beginnings, they forgot "Uh, Ummm." So, ummm, while I was away I learned a little something from a guy in New Yawk called daytradingradio. High Probability.... on down trend line 1...2...3... 3 is good and 4 is best. Am just beginning to experiment with this on intraday. pretty amazing. So, I am expecting a better #3 touch here before scalp long and that next high should be good for the next down touch.
DOW is doing a better job of it so far this morning.

Auole wrote:Fehro, on your list of untruth beginnings, they forgot "Uh, Ummm." So, ummm,

LMAO!

Took the retest as posted on the first page...

QQQ is the strong link again today
GDX gap and breakout

double bottom target met. this bull may still have legs.

rhight wrote:

Mr. BachNut wrote:

Mr. BachNut wrote: I think the Men's downhill competition may be on TV this morning. I may watch that instead of the market today.

Ooops. I guess it's womens luge and curling this morning not downhill.
Sorry. Off topic I know.

Men's downhill was late last night, Bode tried too hard and disappointed, he really cut the first gate too close in an aggressive line and that set the tone, finished out of the medals ; too bad because he had won 2 out of 3 of the practice runs

I'm probably making a rash assumption that you were rooting for team USA

I spend a lot of time in Franconia, NH. Bode is our hometown hero.

At least he finished.
High risk high return is his trading...I mean skiing...style.
If he were a trader, he would have made a fortune and lost it all a few times by now.

Index 5m

Al, Yes, well, maybe. however, GDX vs RGLD though has much less volume in the options, it has had a LOT less tails. Note good volume on RGLD today but I am still expecting soon some sort of pull back.

I've got a time signal on the 60 min for tomorrow Tuesday, 11:00 a.m. (approx) - I'm not showing that chart here.

As to the direction of the move: these two charts might help and the solution looks easy ( easy? - anything easy in TA?). A break above 1803 tomorrow is bullish, especially if SPX closes higher.

Check what happens when dashed blue breaks:
Resistance SPX 1803 is the pivot:

SPX 5m... could say there's an invs H&S in today's action... just don't like invs H&S at/near a top of a move... blue bull flag is better.. otherwise mind the red trend and the lower gap

$SPX: Two potential s/t counts

Auole wrote:Al, Yes, well, maybe. however, GDX vs RGLD though has much less volume in the options, it has had a LOT less tails. Note good volume on RGLD today but I am still expecting soon some sort of pull back.

uempel wrote:I've got a time signal on the 60 min for tomorrow Tuesday, 11:00 a.m. (approx) - I'm not showing that chart here.

As to the direction of the move: these two charts might help and the solution looks easy ( easy? - anything easy in TA?). A break above 1803 tomorrow is bullish, especially if SPX closes higher.

Check what happens when dashed blue breaks:

SPXblue.png

Resistance SPX 1803 is the pivot:

SPX1803b.png

Nice charts, Uempel. You dA MAN.

I think this is an accurate line up to Demark's 1929 analog. Not sure what to think but people are talking about it.

uempel wrote:I've got a time signal on the 60 min for tomorrow Tuesday, 11:00 a.m. (approx) - I'm not showing that chart here.

As to the direction of the move: these two charts might help and the solution looks easy ( easy? - anything easy in TA?). A break above 1803 tomorrow is bullish, especially if SPX closes higher.

Check what happens when dashed blue breaks:

SPXblue.png

Resistance SPX 1803 is the pivot:

SPX1803b.png

where else would you post your valuable charts and why not here?

StudentBill wrote:I think this is an accurate line up to Demark's 1929 analog. Not sure what to think but people are talking about it.

sc.png

RSI still stuck a tad under 50... 49.52 atm

2nd test of day high, failed here would be bad for bulls, wait.