Cobra's Market View

/CL pressing 50d again.. over it could see a sharp move up to $34.30ish..

Is the stoke market open today? hours passed by but ticker no moving

Today should be a clear direction day

My about 2 minute charts show algo looking rips started at 1 in both the ES and the TF (the only two indexes I watch). They have moved it enough to trigger buy signals in my about 5 minute charts.

3rd push up strong so should be a 4th one.

brokebybernacke2 wrote:

josephli wrote:bull sneaking up to 1950. key time.

yep, algos will kick in if it happens to breach, if happens, guessing will happen overnight gap style

Meanwhile, the market has been very short term OB. not sure bull can push to 1950 by the end of day.

SPX 50d 1945.20 .. getting close SPY 50d 194.46

SPX tags open gap.. 3 points short of 50d dabble a small short.. can't help myself.

/CL - USOIL on the move.. 34.40 next big resistance level daily horizontal resistance

Breakout. Time to pause and build a new base?

This break to the upside out of the channel is kind of weak. So far no shot to the upside.

Whatever, I've got an ellipse time signal on the 60 min SPX for tomorrow 3:00 p.m. I think it's precise - if there is no reaction Friday before the close the signal points to Monday morning 09.30 a.m.

USDCAD sliding down the slope again.

and this is where we de-couple oil and indexes..

headlines change to raising oil prices are a drag on the economy

MrMiyagi wrote:

seems more the DXY is getting tired.. evening star...

MrMiyagi wrote:

LOL - T-minutes until Saudi's come in and say, 'nopes.'

OK, Zerohedge has the charts- so yesterday it was the Fed POMO auction delay that ignited the algo's, today it was a delay in the 7 year treasury auction (at 1:00). Therefore to get exact timing on ellipses I suggest checking the Fed Reserve NY calendar

SPX fills gap, 1 point or so short of 50d tag.