Cobra's Market View

uempel wrote:State of the art Elliott pattern shown by WTIC ...

The attachment W.png is no longer available

not an expert by any means, but what if this?

BTW I have a system to weed out "invalid" MACD bullish crosses on daily SPY. The system is something ridiculous and is like 47-2 after weeding out all the bad ones.

This would be valid SPY bullish MACD cross. I'm not fighting that system. I go long without question if we get the cross.

possible double bottom. no good for bears.

Bulls tractor beam pulling market up. Will it keep working after London closes?

fehro wrote:

josephli wrote:

Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..

exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.

My view of the market is that all of my buy signals I've been getting were correct and will culminate in a bullish MACD cross on SPY and a huge rally. My mistake was not trusting the systems I have and just staying long.

Here is my take on USO

Mid term last sell failed = buy-able bottom.3 entry points: 1. a breakout from this recent high; 2. retracement at 61.6% and 3. Lower BB. Note: new LL from here will void all the buy setup.

BullBear52x wrote:LL today will not hold up. break down she goes.

https://www.youtube.com/watch?v=WwuP7ILX32E

Update:

clock work, sell.

5 waves down on QQQ's....usually need lower low than "a" wave....

Bullish Percentages have a slight bullish bias - except tech:

http://stockcharts.com/freecharts/candl ... BPENER|B|0

josephli wrote:

fehro wrote:

josephli wrote:

Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..

exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.

PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!

Cobra wrote:possible double bottom. no good for bears.

80 hold + gap close next resistance after pass 95 1909 ?

Trades with cats wrote:

josephli wrote:

fehro wrote:

josephli wrote:

Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..

exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.

PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!

spot on. thank you for your comment.

SPX back down to fill the gap now? mind the possible bullish falling wedge/ downtrend dark purple 5m fwiw.. otherwise upper gap

Trades with cats wrote:

josephli wrote:

fehro wrote:

josephli wrote:

Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge

The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.

more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..

exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.

PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!

btw, i think it is a game of no winner. PBOC has stockpile of treasuries. they will dump treasuries in case yuan needs to be defended. FED apparently would not like that idea as the tightening will be out of control

Prediction based on astro aspects coming up....

There are negative aspects coming up next week, then bounce aspects end of next week into the following week....

2nd test of day low, 3rd test of yesterday's low, so if this pullback fails, then bears are over, on the other hand if bears are able to test the yesterday's low again, then breakdown is more likely, so key time for both sides.