Cobra's Market View

Longerterm, Cumulativ nyad as of close,

h1

We're in a bullish phase (swing), but with a limitation imposed by SPX weekly, which does not seriously break its upper Bollinger except for a blow-off top. I've drawn in a candle for next week, showing a maximum high of around 1800. This week's limit is not shown, but would be around 1785. So there's hardly any room on the upside unless we do a blow-off.

possible minor H&S on 5m SPX ... target.. open.

SPX: The wave (III) could be in place (Ending Diagonal project)

RedKite wrote:We're in a bullish phase (swing), but with a limitation imposed by SPX weekly, which does not seriously break its upper Bollinger except for a blow-off top. I've drawn in a candle for next week, showing a maximum high of around 1800.

The attachment SP 1114.png is no longer available

This week's limit is not shown, but would be around 1785. So there's hardly any room on the upside unless we do a blow-off.

thanks red! here is some eye candy, this morning Nyhg was leading ADV, good sign for a LT bull market (this was prior today's open)
I/T, me thinks we need some downside before new weekly highs will hold

This uptrend line is unsustainably steep IMHO
It will soon need to fan out a bit by going sideways or down

more eyecandy, still wondering what to make of this ratio

NYSE Comp

BB tightening and at upper BB

forgot to say, 2nd chance for h1. means a little better chance than the original h1.

Damn good possibility we could see a big sell signal if we open above the daily BB tomorrow and close back inside... conversely if we open below the VIX lower and close back inside.. huge sell. Something to watch for (in the coming day(s)).

SPX 5m... H&S not working.. could be small triangle/bull flag.. should we chop for the lunch hour..

VIX 15m.. continues to bleed

SOX, not quite as exuberant as SPX

Good time signal tomorrow 1:00 p.m on the 60min chart:

SPX 60m

Opposites.

Check the time signal at 2:00 p.m.

5min chart Close up of the chart

lunch time, will be back. I'm neutral.