Cobra's Market View

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Cannot load future data so don't know what's going on now. Seems a little bit higher open which usually means a rang day.

ok, if the data loaded is correct. it looks like a bear flag to me, so bias is down.

Current market conditions favor fulfillment of down side projections.
Next rest point for ES is ~1970...a break below 2006 and there we go...
Cash is King...Don't waste...Don't loose...

members only update starts here: http://www.cobrasmarketview.com/2015/01 ... ay-update/

A big down red bar is needed in VXN to confirm another low. They are really pressing volatility of late. However, nothing changed as far as the range. We're still pretty much trapped in this bull market 11-20 range.

The most recent peak in the market never even saw this hit the greedy levels, so I find it hard to believe that was the top. We're still steeped in fear.

SPX some initial trends to watch… possible orange triangle should we chop today.. VIX looks strong tho atm

VIX daily for JB, seems like the upper BBand wants to be tagged.. but minor div starting to form on smaller time frames… for a possible pullback.. maybe one more quick push/tag up ?(for VIX)..otherwise a very strong up move.. for the VIX.

Gm

Been reading MASTERING THE TRADE by John C. Carter...

"If the TRIN closes above 2.0, the market has an 80% chance of rallying the next day." That would be today.

He goes on to say, "The moves the next day won't necessarily be big moves, but they will generally be opposing moves."

AAPL… daily.. could creep up underside of green channel.. outside of BBand, >200d <50d

INDEX dailies

SPX.. possible minor invs H&S, tighter orange triangle… if a higher low holds…. the lower gap was not quite filled it seems

Here is a single issue maybe worth your attention: CF. It's been holding up well while the market goes lower. Maybe a blast-off if the market can turn higher? Just a guess.

SPX RS possible in.. or triangle chop

here come knights of shining armors?

SPX still a tad choppy/messy.. possible another invs H&S for the bullish inclined..should we pause in this area.. VIX slipping.. but near support..

SPX ..hourly candle will be of interest.. when it closes

71% ALL opening long overvalued calls/puts
and
77% EQUITY opening long overvalued calls/puts

Both suggest market UP

https://www.ise.com/market-data/isee-index/