Cobra's Market View

The quote "relax, let they come to you". it doesn't make sense until lately

Wait for RSI<70 then my first sell the rip on short term, base on what I see here, this will also be the first 50% lot holding over night for short term swing. too early yet, 2 min. more

I'm still targeting SPX 1833 ...

Oh here what the holding was like last 10 trading days, if you follow me at my corner you know what this is.

SPX 5m.. just short of the one of two higher open gaps...

uempel wrote:I'm still targeting SPX 1833 ...

SPX1833.png

I'd like to add: if SPX doesn't make it to the target - that's disappointing for the bulls, shows that bullish attraction is waning

$SPX: Hourly momentum is not aligned with a substantial move

yeowww tick confirms the high
so does nyadv 2100 and up/down volume ratio 2.8 to 1
so does trin 0.83
negative divergence on momentum may demand a breather, but it’s being ignored at the moment…..

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Why so slow? This red circle is blocking the approach to the pivot (pivot not shown on this chart).

$SPX: The RSI 60 min < 0 could be in tune with a rising wedge

All supports and resistances are meant to be broken.

How long will they keep it over 70 on RSI?

normally until someone came out and post "we are never going down again or Squeeze with excitement"

small caps leaps and bounds ahead of the pack
[one day % performance only]

Greetings Pilgrims,

Does anyone trade using Renko for short term swings? Not my method, but have been messing with some settings on a 15 min SPX chart with a 1 point interval, and as long as you trade in the direction of a higher order MA (60 min 20ma for example), the results look pretty good using a PSAR stop - comments?

only one more open gap above.. another filled... SPX 5m... several open gaps lower, fwiw.

Xian wrote:*

wha?

Bye guys, I'm off for an hour or two

Al_Dente wrote:

Xian wrote:*

wha?

That's Xian's star