Cobra's Market View

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members only update at 12:18 pm
http://www.cobrasmarketview.com/2014/10 ... ay-update/

If the mkt gets a good break above 1895 it may pop up a bit. I would expect that there will be a lot of short covering above 1895. Lets see.

A little relief for the shorts? Keep watching the Russell

Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

Out of Bounds wrote:A little relief for the shorts? Keep watching the Russell

RUT testing 20d SMA all day 1090ish

Too many expecting another SPX dive.

MrMiyagi wrote:Too many expecting another SPX dive.

I think its outnumbered by the # expecting IHS to pan out. No?

Al_Dente wrote:Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

1020one_png.png

Might be a large bear flag.

Large Solar Flare activity starting in the next hour...

Vaamsy wrote:

MrMiyagi wrote:Too many expecting another SPX dive.

I think its outnumbered by the # expecting IHS to pan out. No?

yup.. too clean too obvious? also should of happened over night gap.. would of.. had it not been for IBM

all depends on aapl tonight

members only update at 12:45 pm
http://www.cobrasmarketview.com/2014/10 ... ay-update/

ALdaytrade wrote:

Al_Dente wrote:Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

1020one_png.png

Might be a large bear flag.

Large Solar Flare activity starting in the next hour...

Looks like we're getting close to the third touch of the bottom of that flag.

grandeG wrote:

ALdaytrade wrote:

Al_Dente wrote:Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

1020one_png.png

Might be a large bear flag.

Large Solar Flare activity starting in the next hour...

Looks like we're getting close to the third touch of the bottom of that flag.

What is the projection if this is a bear flag?

range, wait for the breakout either up or down.

TLT rising and Ticks dropping. Maybe a break down finally.

ALdaytrade wrote:

grandeG wrote:

ALdaytrade wrote:

Al_Dente wrote:Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

1020one_png.png

Might be a large bear flag.

Large Solar Flare activity starting in the next hour...

Looks like we're getting close to the third touch of the bottom of that flag.

What is the projection if this is a bear flag?

Here we go! Or might start later in the day. Going to 1900 first before any breakdown...

ALdaytrade wrote:

grandeG wrote:

ALdaytrade wrote:

Al_Dente wrote:Not good that spy is trying to break a 4 day uptrend line
Well, we’ll just fan out the trendline, it can recover, but the point is: that is not good

1020one_png.png

Might be a large bear flag.

Large Solar Flare activity starting in the next hour...

Looks like we're getting close to the third touch of the bottom of that flag.

What is the projection if this is a bear flag?

At this point I would say it's going to qualify as a double top with Friday's high if 187.50 can be taken out. Therefore I would expect to see 186 near the end of today or tomorrow if we continue down. Lots of chopping around here now so wouldn't place big bets either way. May just be a range day.

MrMiyagi wrote:Too many expecting another SPX dive.

Right

If the 1995 area can be broken to the upside SPX is back in the blue channel.