Cobra's Market View

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Could be Bear Flag in the forming, so the selling probably isn't over yet.

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

SPX simple 60m

SPX 60m, 15m, 5m, I've put a another H&S on the 60m... for the uber bearish look.. should we just cascade down.. take it with a grain of salt. 5m bullish falling wedge within a larger bear flag.. so pop up then head down?

WHALE WATCH:
Soros’s biggest holding: SPY puts
“The last time SPY puts topped the Soros Fund was in the 30th June 2011 filing and we saw the S&P 500 lose 15%+ over the 6-7 weeks following, over July/August (during which time Soros reduced the position substantially). The position in 2011 was less than half the size of the current one which makes me think he might be anticipating a larger decline on this occasion.”

http://blogs.marketwatch.com/thetell/20 ... he-sp-500/

could be 3 push down, so we might see 2 legged rebound here.

It's possible....not probable we need a spike in the VIX...

SPX 5m..hmmm not sure.. about that bullish falling wedge... may have expanded... one more push down??

mini rebound target. bulls need pass it to allow further rebound.

SPX 5m

Partial short. No change.

My summation index signal is down.
My composite trend indicator signal switched to down after the close yesterday.
The trend signal, at this point, is vulnerable to whipsaw on a bounce.
It is also tricky to trade initial trend signal given the bull green arrow coupon phenomenon.
I'll be watching for a rip to sell or confirmation of some sort.

If NYMO gets more oversold from here, I'll be ratcheting down stop on above short.

slight divergence on the VIX.. SPX lower low, VIX red

SPX 5m.. watch support on the lower green wedge... if it bounces.. wedge is complete... ABCDE move

XIV hourly
Double bottom breakout to moving average resistance
mm target is the same as the gap-fill

SPX 15m

PBars, these are all from yesterday, nothing has changed aside from a small down pBar on SPY at 166.31$ 10 minutes ago.
Play safe!! Oh and yesterday, NYMO closed at -79, primo bounce possibility zone.

2 legged rebound indeed. I don't like this pullback too large.

because the pullback after the 2nd leg up is too large so now bulls best HOPE is another push up which mostly is the last.

MrMiyagi wrote:PBars, these are all from yesterday, nothing has changed aside from a small down pBar on SPY at 166.31$ 10 minutes ago.
Play safe!! Oh and yesterday, NYMO closed at -79, primo bounce possibility zone.

glad 2 c u back boss