Cobra's Market View

uempel wrote:Thanks Al_Dente, very good stuff. But let's not forget opex tomorrow.

ok boss

Al_Dente wrote:GDX 60min
BOX
You know the drill

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Is that Schrödinger's cat in that box? Will it bounce if it’s dead?

SPX.. .possible bull flag 5m.. as VIX weakens, takes out yesterday's LOD and new LOD

Al_Dente wrote:

uempel wrote:Thanks Al_Dente, very good stuff. But let's not forget opex tomorrow.

ok boss

What's implication for opex?

to really make some serious cash you have to trade the whole 24 hours, if you got drunk and sleep in like I did this morning you will missed out, the buying program is set at mid night to 1 AM mountain time the last two days, by the time market open traders are in for a whipsaw.

QED wrote:Is that Schrödinger's cat in that box? Will it bounce if it’s dead?

Clockworks.

Turnaround Thursday?

All Three ISE Option Sentiment Indices = SELL

https://www.ise.com/market-data/isee-index/

what are % on gapfill upon cracking

SPY, QQQ testing 15min 20ema from above, holding..

IWM slipping below.

SENTIMENT:
NAAIM reported a big spike last night to 96.52%
That’s almost fully invested
But as you can see from the red boxes, it doesn’t mean much in terms of a signal, it just tells us that “everybody’s” almost all in
(it’s a bit more valuable in catching lows rather than highs)
WEEKLY chart because it reports weekly

TF slipping down without strong conviction.

SPY lod

fehro wrote:mind the morning gap..

/ES 60m 15m.. last nights diamond upper target tagged, now another.. >2164 look for 2174,<2160 look for 2150..
Very key support 2146, under that level.. "could" see 2120 in a big hurry = "Japan" disappoints or insert some other "unfavorable news here"

/ES 2150 range.. key level it goes.. "could" see a sharp drop.

Sharp drop or just the selling exhaustion signal for the afternoon rally?

Bears are drooling over the SPX daily, gravestone, inverted hammer, island top.. here…

Trades with cats wrote:Sharp drop or just the selling exhaustion signal for the afternoon rally?

TLT still below yest low, which was at least a 5day low, perhaps that is a clue.

GLD testing the 127 level, former support now turned resistance, as well as the low of Tuesday US trading.

fehro wrote:

fehro wrote:mind the morning gap..

/ES 60m 15m.. last nights diamond upper target tagged, now another.. >2164 look for 2174,<2160 look for 2150..
Very key support 2146, under that level.. "could" see 2120 in a big hurry = "Japan" disappoints or insert some other "unfavorable news here"

/ES 2150 range.. key level it goes.. "could" see a sharp drop.

delay data 10m.. but holding fwiw..

My tick charts looks like a slow motion replay but definite possible bottom with bear momentum dying off at ES 2153, just need a couple more bull bars to move momentum from neutral to positive.

SMALLS 5m
Possible double bottom but I’m not buying it…