Cobra's Market View

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Possible 3 Push Down, so watch for the coming pullback (if any of course), a higher low would mean the low was in, a 2 legged rebound is due.

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

SPX 60m

if bulls are able to touch the red line above then most likely we'll see breakout as the resistance has been tested many times.

testing resistance, not a valid breakout yet, wait.

8:05 AM 7/25/2013
ES numbers (+4.5 and then divide by 10 to SPY)

looks like a undecided day- without a clear direction.
first a pullback and then a continuation of the last o/n dir which was up to about 81.50-82,
(then fail and drift downwards towards o/n lows of 71?)

bb vid
http://screencast.com/t/0eKJ0QbBx
----------
9:01 AM 7/25/2013
Results:
Open 77.75
L 1675.25 @8:38
upto
H1681.75

SPX 15m

messy 15m fwiw.. pick your channel

consolidation along the breakout point favors bulls.

I'll have a physical exam today from 11:00 am to 1 pm, so will have no update for 2 hours.

well, I have to go. don't like this pullback, a little too sharp but NORMALLY, this pullback shall be bought.

Cobra wrote:I'll have a physical exam today from 11:00 am to 1 pm, so will have no update for 2 hours.

Good luck.
Thanks for the heads -up!

not the cleanest pattern.. but either bearish rising wedge, or invs H&S? SPX 5m

If we can get above this level in iwm, should see 10445/60 later today, possibly target 61% retrace....

Trin was not indicating that volume flowed into decliners, looks like we stay within the past few days range and rotate higher, for now...

BP #s were odd, NYA and bpspx went up, new buyers were coming in on the dip, GLTA

messy pattern.. but you could say it's there... if we don't hold here.... SPX 60m...

tested the 22 may high of 168.18
and failed
now it’s a double bottom

Intraday NYMO at -8, this is at the 20 Bollinger Band. It may bounce here or flatten out.
TRAN is at the 50sma.

fehro wrote:messy pattern.. but you could say it's there... if we don't hold here.... SPX 60m...

Actually, those tend to be more reliable than the symmetrical HS because less people will see it.

Dr ALs internals probably mixed,
seeing bullish divergence on 60min tick,
and also on % of advancing isues... Nyadv:nytot,
s/t "can change quick"....
seems better to be long unless iwm takes out 10345/55 area , still looking for rotation up toward 10430/40 later today

Where oh Where has The Tradergirl gone?
sure miss her turns