Cobra's Market View

What again does a filled black bar represent? I don't get black bars on my charting software.

Cobra wrote:indeed an hourly red bar after a morning hourly black bar. check the chart again for what might be next.
https://stockcharts.com/public/1684859/ ... /286407830

Snoggy oscillator is starting to roll over.

Darkmatter wrote:What again does a filled black bar represent? I don't get black bars on my charting software.

Cobra wrote:indeed an hourly red bar after a morning hourly black bar. check the chart again for what might be next.
https://stockcharts.com/public/1684859/ ... /286407830

Open higher than the previous close then close lower than the current day's open (but still above the previous day's closing price).

Cobra wrote:indeed an hourly red bar after a morning hourly black bar. check the chart again for what might be next.
https://stockcharts.com/public/1684859/ ... /286407830

Consolidation or another red bar?

support. may see a rebound here first.

I've got a signal on the 60 min for tomorrow afternoon or Monday morning. I don't know what today's move means, perhaps weakness in preperation of a breakout to the upside? Weakness to stimulate the bears to increase positions so that there's more bullish firepower tomorrow? Whatever, I'm still in the bullish camp.

rebound indeed, which should be sold, NORMALLY.

Thanks. Somehow I feel I'll never be able to remember that.

L_T wrote:

Darkmatter wrote:What again does a filled black bar represent? I don't get black bars on my charting software.

Cobra wrote:indeed an hourly red bar after a morning hourly black bar. check the chart again for what might be next.
https://stockcharts.com/public/1684859/ ... /286407830

Open higher than the previous close then close lower than the current day's open (but still above the previous day's closing price).

gold finally made a good rebound but need break the green line above. not optimistic as GDX below looks weak.
https://stockcharts.com/public/1684859/ ... /124844123;

uempel wrote:I've got a signal on the 60 min for tomorrow afternoon or Monday morning. I don't know what today's move means, perhaps weakness in preperation of a breakout to the upside? Weakness to stimulate the bears to increase positions so that there's more bullish firepower tomorrow? Whatever, I'm still in the bullish camp.

The attachment 55.png is no longer available

Bulls are looking a little tired here. A pause/correction here will be healthy for the bulls. I don't see a "Sell" yet but it can happen rather fast.

Cobra wrote:rebound indeed, which should be sold, NORMALLY.

this market hasn't felt normal in quite some time

dollar 100% MM target. I don't believe but I need see a pattern first. I'll keep you updated.
https://stockcharts.com/public/1684859/ ... /276865556;

rc1269 wrote:

Cobra wrote:rebound indeed, which should be sold, NORMALLY.

this market hasn't felt normal in quite some time

I think they are waiting for them to mint a few Trillion Dollar Platinum Coin

the rebound may have legs.

Darkmatter wrote:Thanks. Somehow I feel I'll never be able to remember that.

L_T wrote:

Darkmatter wrote:What again does a filled black bar represent? I don't get black bars on my charting software.

Cobra wrote:indeed an hourly red bar after a morning hourly black bar. check the chart again for what might be next.
https://stockcharts.com/public/1684859/ ... /286407830

Open higher than the previous close then close lower than the current day's open (but still above the previous day's closing price).

Most people see it as a sign of weakness or possibly reversal. You'll see Cobra refer to them often. It's a pretty key idea as it can warn of a possible trend change.

Getting POSD everywhere short term

Cobra wrote:dollar 100% MM target. I don't believe but I need see a pattern first. I'll keep you updated.
https://stockcharts.com/public/1684859/ ... /276865556;

Are you getting increased page views by having people click on charts this way? Just curious.

uempel wrote:I've got a signal on the 60 min for tomorrow afternoon or Monday morning. I don't know what today's move means, perhaps weakness in preperation of a breakout to the upside? Weakness to stimulate the bears to increase positions so that there's more bullish firepower tomorrow? Whatever, I'm still in the bullish camp.

The attachment 55.png is no longer available

Harapa, what makes me think that today's weakness ain't significant are the signals I have on daily/weekly/BP charts: they all suggest that there might be a biggish move in approx 2 weeks, e.g. this daily SPX chart. It is not (yet) drawn precisely, but there is no indication of a strong move at the moment, strong meaning > 2 or 3 percentage points.