Cobra's Market View

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3 Push Down, unless decisively breakdown here otherwise 2 legged rebound could be due soon, so I won't be too bearish here.

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

Hightower. Vote Cobra today. glta Happy New Year!

First a blast from the past...,Then a look see coming into the open... i would love to see a push very slightly lower (to confirm the bear trend ) and the the dynamic rebound 1805? or higher? that most seemed to expect the last few days, but thats just one plausible scenerio. Time will tell!

notice the ramp up in the VIX in the last 10m from yesterday.

mind yesterday's gap.. SPX 15m.. lower pink

too stretched on the downside, so might be rebound first then we'll see.

SPX daily... pressing blue again.. break it.. look for lower blue/green/red... break those... 200d

VIX daily.. break red... look out below for the indexes.

First resistance for ES on the upside would be 1771.25 with ultimate target around 1778.50 if they want to run her up. otherwise, they retest the low and that would put the cash under the critical level i mentioned,(imho)

SPX 15m... yesterday's gap filled.

Update:

A/D in mad-rabid bear territory. I believe that would also be a honey badger to you Al.

Still Neutral. Tightening stop on shorts.

My summation signal is down.
My composite trend signal is down.

What a way to end the year of the snake!
Bears need to attack and take that December low.
Could be a bunch of stops and capitulation under there.
Bulls need to defend it. VIX > 19 would be bad too IMO.
It should be an interesting day. I don't know what will happen.

I'll be staying neutral as long as ES makes lower daily highs (I should be short) unless things get crashy (probably not today but who knows).

$SPX: Bulls need a weekly doji

morning hourly hollow red.

By the way, my ex (and roomate) is Vietnamese... Happy New Year!

Cobra - what does the "morning red hollow bar" mean re price movement? thanks