Cobra's Market View

minor possible invs H&S SPX/SPY 5m target 199.00 SPY if a higher low holds (RS) and if AAPL doesn't fumble..

/GC gold tags 1100.1 .. dabble a small GLD C here... watching hourly candle.. maybe a tad early.

fehro wrote:/GC gold tags 1100.1 .. dabble a small GLD C here... watching hourly candle.. maybe a tad early.

waiting, , ,
JNUG buy 7 unfilled yet.

ALdaytrade wrote:

uempel wrote:Looking at small channels ....

The attachment uzt.png is no longer available

Yes, I fully agree with the move down, starting around tomorrow or the next day.

Expecting the -119 points that is represented by the first four candles from 1833 to 1953 before the first W.

We don't know if there is going to be a move down - we have to wait for SPX to break lower out of the green channel, for SPX to break the MA 233 on the 5 min chart and to stay down into. A close below these support levels suggests the market might go down. An exciting day, let's see what happens now

SPX .. red VIX red.. someone is lying...

rectangle breakdown target.

Naz up/down vol still much better than NYSE today.

oh o... AAPLe Pencil .. causes sell-off... lol...

Even though Steve Jobs may have hated it, it looks like Apple’s pencil for the iPad Pro for corporate users is taking a page from accessories for the Microsoft Surface. The Apple Pencil looks like it can do calligraphy, draw and other art work . Jony Ive’s video says the Apple Pencil will “deliver precision that gives you the ability to touch a single pixel.” The attachable keyboard is also similar but probably improved upon, accessory keyboard for the Surface.

http://blogs.marketwatch.com/thetell/20 ... -to-debut/

uempel wrote:

ALdaytrade wrote:

uempel wrote:Looking at small channels ....

uzt.png

Yes, I fully agree with the move down, starting around tomorrow or the next day.

Expecting the -119 points that is represented by the first four candles from 1833 to 1953 before the first W.

We don't know if there is going to be a move down - we have to wait for SPX to break lower out of the green channel, for SPX to break the MA 233 on the 5 min chart and to stay down into. A close below these support levels suggests the market might go down ...

I based that statement on the pattern that I described. From 1834 to 1953 there are four candles which represent 119 points. Then there is a W formation, then an island top, then another w formation which is a mirror image of the first W. All that we are missing is the - 119 points down. I know this sounds bizarre, but I have been trading on this, since I recognized it with success.

I will stop this description, as I fear I will be labelled "the crazy one," which might be accurate!

vol surge, maybe a rebound here first then we'll see

VIX still red.. amazingly...

fehro wrote:/GC gold tags 1100.1 .. dabble a small GLD C here... watching hourly candle.. maybe a tad early.

sold a small portion GLD calls + 40%

Red Fib tracking now.

uup fresh LOD-- along w most equity sectors.

SPY tagged (still upslope) 15min 200ema (from above)-- ca 196.10

next target. if can exceeds it without rebound first then this bear may still have legs.

Positive divergence, still in play, no new LL tho