Cobra's Market View

Huge gap up open above yesterday's high so there're some chances that the gap won't be filled and we finally see some trend day. The only thing I'm not sure is, well, the open is just below the resistance but for this part, we have to wait and see.
Institutional actions from stocktiming.

Morning.
/ES update: http://99ercharts.blogspot.com/2011/04/es_13.html
Three targets.

EURUSD
Cigar or no cigar.
http://99ercharts.blogspot.com/2011/04/eurusd_13.html
Will the G7 continue with their intervention?

Crude
Don't you just love Goldman Sachs?
http://99ercharts.blogspot.com/2011/04/crude_13.html

Good morning,Mr.Cobra:)

99er wrote:Crude
Don't you just love Goldman Sachs?
http://99ercharts.blogspot.com/2011/04/crude_13.html

When Goldman makes a market call. it is well known that this is a sign for clients to take the opposite trade, so I would guess Goldman and clients are loading up on crude in a big way.

The FP bar of spy 132.49 is still on my chart with large volume from yesterday. So I will say it was a real trade, if so, then we are not trading above yesterdays high yet. Maybe that will be the high this morining, fed beige book at 1:00pm should hold the rally till then at least.

GM,

Rock and Roll day.

the open.

the bigger picture is still under resistance.

Good morning folks, market gaps up nicely. My indicator suggest that today's close > open 70% of the time.

Still trades under 5dma, to me, sell the rally is still well.

SPX
H&S target of 1275.
http://99ercharts.blogspot.com/2011/04/spx_13.html

SPY 131.64 is good support.

Copper
Goldman is right.
http://99ercharts.blogspot.com/2011/04/copper_13.html

5dma support on FAZ.

ES and ZB
Update.
http://99ercharts.blogspot.com/2011/04/es-zb_13.html

black bar with lower low as follow through, there's only one exception here. Are we going to see another exception today?

Cobra, great call in yesterday's summary.
This is one I drew before the open.
1. the low will be visited.
2. however, the rebound will be 'violent', probably via overnight /es pull. Uncle ben's favorite trick.

We'll see
http://www.screencast.com/users/Balance ... 06303fe18f

Gold
Back test of neckline of two IH&S.
http://99ercharts.blogspot.com/2011/04/gold_13.html

Edit:

Heads Up! Wolfe Wave target of 1403 to form second right shoulder of IH&S.
http://99ercharts.blogspot.com/2011/04/gold_1933.html