Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

Higher low or not, wait and see. Right now it looks like the rebound would fail.

members only update starts here: http://www.cobrasmarketview.com/2015/06 ... ay-update/

SPX trends.. sideways chop.. but lean down... but sideways possible till end of week... fwiw. /es 4hr.. triangle..

if this morning gap down is bought again, I would not expect a later day sell off again as it'd be many times already.

SPX.. H&S break down 5m.. looking for gap fill... covering shorts from yesterday /es bouncing off support / red line above and pivots

INDEX days.. 50d close SPX.. 2100 near the gap... USO looking for it's 50d .. a tad lower RUT flat..

QQQ is in the green

bears didn't know

bears didn't understand

I have a question for all the elite members of this board, hoping to receive something meaningful to make the decision.


Is there any benefit to buy Gold or Silver in any other currency than USD? Considering exchange rate to USD..you either gain very small profit or you loose money, in case your local currency appreciate more than USD.

Looking forward for some advise.

Thank you
JB

morning hourly hollow red.

Btw, looks like IMF statement of requesting FED to hold on to interst rate till mid of 2016 has ignited the rally!

Anything for the BULLS!!!!!!!

USOIL.. trying to find support near here.. but looks possible still a tad lower.. mind the pink neckline tho on the daily .. break +50d = more downside to come

SPX.. trying to fill morning gap /20d tag.. will try short again.. soon..

SPY s2 support pivot (per Schwab) 210.63; todays low so far 210.60.

Darn bots.

GLD 112.60 fresh lod

USO close to one.

IWM losing RS to MDY.

IBB, XRT fresh hod.

USO still flirting w new lows.

maybe miss drawn that neckline.. added red.. fwiw... still struggling to fill gap .. horizontal resistance 60m again .. dabbled short

NQ Update:

Two sided trade for NQ this morning, pretty easy day so far.

Buying and shorting the range has been very profitable for the past few sessions of this sideways market shake.

NQ at top end of the hourly range now.Great R/R short here on NQ hourly.
4524 short entry. Risk 5 for 20-25. Target 4500.

Done for the day, good luck.
Don't get trapped, stay with what's working

--
ES was basically the same buy the dip double bottom this morning, but I liked NQ better (perfect range bound)

Fresh lod FXI, EEM, SLV, USO

SPX .. covering partial short re-load here.. from this am .. triangle till this afternoon.. 5m orange