Cobra's Market View

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Key time, as I see 3 Push Down (red arrows) so sharp rebound here, then the low was in. The 100% mm target is 1672.50, bears need decisively exceed the target to claim total in control.

weekly stock picks are here: viewtopic.php?f=10&t=1023&p=138860#p138860

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

SPX 15m.. Gapping below H&S neckline, for the bulls watch the green bullish falling wedge or the expanding red triangle on the 60m, so we could head fake down. The H&S neckline may change if we fail to make a new high.. could just make another right shoulder till Sept. If we keep heading down watch the trendlines on the 60m, and open gaps.

6 hour bars Es, not giving my puts time this morning, nice bullish divergence on histogram Had my face ripped off too many times in this overnight action and watched profits move to loss, so i will likely cover good portion of my puts now,

divergence more pronounced on 6 hour midcaps (proxy for r2k futurs which don't trade) expect to get short a better levels later today perhaps, I/T not bullish,

GLTA and VOTE FOR THE SNAKE

Good morning.

Hightower am blurb. GLTA.

NUGT up +14%

SPX 5m

Premkt P bar 169.04 filled next is up to 169.29 that fills the gap..lets see.

SPX 60m

5min internals

mini rebound target.

Al_Dente wrote:NUGT up +14%

NUGT 60m.. into resistance. needs to break up, or pullback to lower pink again?.. overall larger triangle?

SPX 5m... morning gap filled... now interday lower one?

rebound led by morning hollow red bar usually would fail eventually. $SPY
http://stockcharts.com/public/1684859/c ... /296353091;

Note China, red, bottom panel, hourly

169.17 short like a miniskirt on spring break.

Out of Bounds wrote:169.17 short like a miniskirt on spring break.

Cannot get what you said.