Cobra's Market View

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Don't know what pattern it is on Global ES, need wait and see. One thing is true though, the overnight push up seems gone. Now we need see if very very strong close and into AH Friday still is on...

members only update starts here: http://www.cobrasmarketview.com/2013/08 ... ay-update/

Hi Cobra, on you /ES chart, it looks like the price is at yesterday high, ~1695, however the futures a down at the moment and at the moment you've posted the chart, is was and is at 1687-1691, at the moment 1691, not sure why, I thought may be you use different expiration /es but i do not think so/

SPX 15m messy... anyhow... H&S, if it fakes out.... watch the bullish falling wedge for the bulls... cyan&green trendlines

yesterday's H&S Top was fulfilled.

SPX 15m.. gap fill

Yesterday I mentioned that there are bullish aspects today, but there could be a dip in the morning here: viewtopic.php?f=2&t=1020&start=40#p138700

Looks like dip is being bought...SPY forming an ascending triangle...

Dow needs to break out of this resistance...

UCO broke out of resistance.....filled a gap...now created another downside gap...

If this is 5 waves up...usually a pullback after, then more up....

close-up of messy SPX 15m at resistance... again

p-bar spy to about 169.51
on stockcharts

UCO count and alternate count...need to see a little pullback and then higher high for wave v, then can consider 5 waves up...

if no higher high then could be an abc pattern....

SPX 5m

Yesterday's cycle high held, and we headed down..now there is another cycle that hits on this 10am EST hourly candle...

123 formation target which mostly don't work.

1/2 Short.

My summation index signal is down.
My composite trend indicator signal is up.

I have a chunk of a summation index trade left on as a runner and it ain't runnin'.
While indexes have not moved much in recent days, I think my summation index is revealing a lot of correcting going on under the surface of what is still an uptrend.
At some point a threshold may be reached whereby the indexes will step down too or the corrective action may finish without much index damage and the uptrend resumes.
I have no clue which it will be.
I am honoring the short setup for now but I am not too excited about it. May call an audible depending on how things unfold.

SPX 15m close up.. watch support.. break it could get ugly fast

Dow....could see a low here soon...

Mr. BachNut wrote:1/2 Short.
My summation index signal is down.
My composite trend indicator signal is up.
I have a chunk of a summation index trade left on as a runner and it ain't runnin'.
While indexes have not moved much in recent days, I think my summation index is revealing a lot of correcting going on under the surface of what is still an uptrend.
At some point a threshold may be reached whereby the indexes will step down too or the corrective action may finish without much index damage and the uptrend resumes.
I have no clue which it will be.
I am honoring the short setup for now but I am not too excited about it. May call an audible depending on how things unfold.

mr b:
what does this mean "May call an audible"
thanks