Cobra's Market View

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A little breakdown below range but not decisive enough yet, so the chart is still up biased because the pullback can be seen as bull flag.

members only update starts here: http://www.cobrasmarketview.com/2014/02 ... ay-update/

short term es update...

Vote for Cobra. glta

SPX 5m break down out of yellow ascending wedge.. mind the lower trends

SPX 15m

VIX 15m...the messy invs H&S pops

SPX 5m.. trying to fill morning gap couple points short atm... FED Bullard at 1:00pm EST. FOMC 2:00PM EST http://www.investing.com/economic-calendar/

will today's fed be just like last time's bull?

VIX 15m.. could be pounding out a RS of another invs H&S.. should it chop around here for a day or so.... cyan neckline

the consolidation range on Global ES looks good, a breakout is more likely.

Still Long. My stops came into view overnight but held.
If the trade is still on this afternoon, I'll go to manual control around FOMC time.
Regardless of what the minutes say, the algos may be clearing order stacks in either or both directions.
I may even just take some profits if I see a good price.

My summation signal is up.
My composite trend signal is up.

Overbought readings have been guiding me toward the exit.
Even so, longs could get reloaded once things clear.
If we ever have a down day again, I'll be trying to appraise the vigor of any selling.
While price has done well since the low, some of the technicals in my trend model have not shown similar strength.
So, if sellers pile in at the first sign of weakness, maybe we get a turn. If not, maybe just a breather before more highs.
OPEX may also be a factor this week.

breakout. this bull might have legs.

GAP fill SPX 60m

thoughts on natgas?
time to short it ?

Index Dailies... VIX tagged 50d SMA.. still early... NDX looking weaker... TRAN too..

TLT .. cup/flat base with handle?

If they are running the buy stops before FOMC, something smells IMO.
We'll find out later if the odor is fair or foul.

Cobra wrote:breakout. this bull might have legs.