Cobra's Market View

on the way to the target.

noob wrote:

Cobra wrote:breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

OR high as support.

Backtesting channel breakout??

CH37 wrote:Hi, Master Cobra, it is weird ISE shows ISEE (All equities Only) is 562 !
Data error ? Thanks.

Yes, I believe it's a data error. this is all time record high.

/DX is close to becoming bearish. If it prints a 79.09, it will confirm a 2 push up. I am still short and feel that I will be profitable soon. GLTA jimme

what is interesting is UUP (Dollar etf), nearing a potential support point, the last time it bounced off this channel, the market pulled back...

Update:

Cobra wrote:

CH37 wrote:Hi, Master Cobra, it is weird ISE shows ISEE (All equities Only) is 562 !
Data error ? Thanks.

Yes, I believe it's a data error. this is all time record high.

thanks.
Otherwise, if it were true, then SPY will rocket up to the Galaxy...

Cobra wrote:

noob wrote:

Cobra wrote:breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

Thanks, but down leg first right?

Bounce...for now...

hold here above the OR high would be good news for bulls.

noob wrote:

Cobra wrote:

noob wrote:

Cobra wrote:breakout not confirmed yet, but no harm to know the target. again, cannot believe a huge gap up day this boring that we have to use 1 min chart!

Cobra, thanks. Are we still in first leg up or does the bull flag overnight on ES count as the down leg? Thx.

I have to see. Normally, should be another leg up.

Thanks, but down leg first right?

Yes, we shall see down leg either today or tomorrow. I don't expect the market to be up and up and up, now it's under control of the gravity, unless of course we're not on Earth anymore.

not a good looking chart but let's wait for the breakout first. could be either direction.

If this is abc up, then we are headed down from here, a break of channel support would help that cause. If we have only finished wave 3 then we could have at least one more leg up. But looking at 5 min true strength is still pointed down and broke support, needs to turn up and bounce before zero line....

nothing new, let's wait for the breakout. lunch time, will be back.

EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

TWT wrote:EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

That is the exact count I was looking at last night...

TraderGirl wrote:

TWT wrote:EURUSD: Maybe if it is unfolding a Triangle another SPX breakout will be delayed
But this would mean another large up leg once the wave (E) is in place ???

That is the exact count I was looking at last night...

Given that everything is correcive it could pan out

ES Gobex: It coould be tracing the same wave (B) option idea like the DAX