Cobra's Market View

i i i i think QQQ is a penny shy of a new hi (?)

update QQQ new hi

volume surge, overshot, so might a pullback here, then should be more up.

Cobra wrote:volume surge, overshot, so might a pullback here, then should be more up.

You do it with volume, I do it with ellipses...

Cobra wrote:volume surge, overshot, so might a pullback here, then should be more up.

is this a rising wedge? no?

Hi guys

NG is close to buy as we discussed yesterday IMHO
I am waiting for retest of the trendline or breakout

uempel wrote:

Mr. BachNut wrote:I am long, but I have to say the open interest numbers on my screen make me nervous.
Does it seem right that we would head quietly to the highs into triple witching day with a lopsided options book?
Am I missing something?

Open Interest.jpg

I'm surprised, thanks for the info. I was convinced that bearish bets were bigger. By the way there's a SPX signal for 12:40 p.m. - can you squeeze in your lunch until then?

I do wonder if the numbers I see are complete. I am not sure.
In any case, my recollection is that most of the recent expirations have been put biased in the OI. This month seems to be different.
Looks like I'll be getting lunch a little late today...

Cobra wrote:volume surge, overshot, so might a pullback here, then should be more up.

Cobra, this looks like a 3 push up, no?

wtf FB

pullback as expected. here's the support.

noob wrote:

Cobra wrote:volume surge, overshot, so might a pullback here, then should be more up.

Cobra, this looks like a 3 push up, no?

yes

Cobra wrote:

noob wrote:

Cobra wrote:volume surge, overshot, so might a pullback here, then should be more up.

Cobra, this looks like a 3 push up, no?

yes

mind replying my question too? thanks

my wild-est-est-est guess.

Dollar on support, if support holds we could be in the b wave with c up to come, if so I will buy more euros at the end of c wave

Divergence on 5 minutes. However, we are bullish so maybe one more pushup before we go down?

VIX back to where we topped on 8/17 and 9/14....can't imagine we will break below this long term trendline at the highs....

TraderGirl wrote:VIX back to where we topped on 8/17 and 9/14....can't imagine we will break below this long term trendline at the highs....

good example of divergence with none confirm pricing , no go. little thing mean a lot.

KeiZai wrote:Dollar on support, if support holds we could be in the b wave with c up to come, if so I will buy more euros at the end of c wave

KeiZai see my UUP this morning? I am watching that line in the sand.

lunch time, will be back. maintain the plan.

Two signals, first at 1:15 p.m, second at 2:20 p.m