Cobra's Market View

$SPX: The potential impulsive decline

I consider the symmetrical triangle target met. now the rebound may have small legs, so the mm target on the downside need confirm first.

"We're never going up again!!!"

For those of you who have access to Eurex: DAX has not shown any weakness since Tuesday's fall (it was the last move on a Zigzag down from 8450 to 8245) and momentum is good. I consider risk/reward favorably and guys with $-denominated accounts can ride the €-strength too...

ISEE shows that folks were starting to buy-to-open more INDEX calls…. now they are easing off

Foreign markets slide. http://www.elliottwavemarketservice.com ... -declines/

Time for bulls to stay solvent, VIX is still pointing down.(inverted)

SPY headed back twd VWAP, as traders are reluctant to take strong positions pre-Minutes.

Intraday on Qs is now sell the rip, AAPL only leg left to hold this market. so far last intraday buy on SPY is hanging on new line in the sand. trade below is no go and might take the MACD to bearish cross at the same time.

60 min
Another bullish divergence on RSI (4 and 14) may need to play out ....

Al_Dente wrote:60 min
Another bullish divergence on RSI (4 and 14) may need to play out ....

821diverg_png.png

60 min. Heikin Ashi, I will look for black bar follow by white bar to signify some sort of bottom while RSI at this low.

SPX:

Did SPX bounce off the middle of the bollingerband in the weekly chart?

http://stockcharts.com/h-sc/ui?s=$SPX&p ... 7780556532

Or is this a cruel joke, more down to go?

Trader Girl:

Is this a big enough move down to complete the wave 5?

"Let's all hope for another leg down to a lower low..wave (5) ...that is a nicely bearish move giving us an impulsive leg down...."

this rebound may still have small legs. lunch time, will be back.

ALdaytrade wrote:SPX:

Did SPX bounce off the middle of the bollingerband in the weekly chart?

http://stockcharts.com/h-sc/ui?s=$SPX&p ... 7780556532

Or is this a cruel joke, more down to go?

Trader Girl:

Is this a big enough move down to complete the wave 5?

"Let's all hope for another leg down to a lower low..wave (5) ...that is a nicely bearish move giving us an impulsive leg down...."

another weely look posted at my corner.

BullBear52x wrote:

Al_Dente wrote:60 min
Another bullish divergence on RSI (4 and 14) may need to play out ....

60 min. Heikin Ashi, I will look for black bar follow by white bar to signify some sort of bottom while RSI at this low.

Thanks boss can u post that chart when u have time

Al_Dente wrote:

BullBear52x wrote:

Al_Dente wrote:60 min
Another bullish divergence on RSI (4 and 14) may need to play out ....

60 min. Heikin Ashi, I will look for black bar follow by white bar to signify some sort of bottom while RSI at this low.

Thanks boss can u post that chart when u have time

here you go

gappy wrote:Foreign markets slide. http://www.elliottwavemarketservice.com ... -declines/

Gappy - What is the " FT world EX-USA" ?? - 3rd chart there. Thanks!

Auole wrote:

gappy wrote:Foreign markets slide. http://www.elliottwavemarketservice.com ... -declines/

Gappy - What is the " FT world EX-USA" ?? - 3rd chart there. Thanks!

(Except the USA.) The FTSE All-World Index Series is the Large/Mid Cap aggregate of 2,800 stocks from the FTSE Global Equity Index Series. It covers 90-95% of the investable market capitalization. You are welcome.

BB52, nice chart

Auole wrote:

gappy wrote:Foreign markets slide. http://www.elliottwavemarketservice.com ... -declines/

Gappy - What is the " FT world EX-USA" ?? - 3rd chart there. Thanks!

All indices except the US markets. But note that European markets look quite good...