Cobra's Market View

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For now, I read the pullback as bull flag, so still favors bulls a little bit.

SPX .. mind the trends.. VIX still holding, mind Thursday's open gap 1940-42

members only update starts here: http://www.cobrasmarketview.com/2015/08 ... ay-update/

SPX 5m.. orange area's open gaps.

Before the open:

ES consolidation phase first/hard hard money week as I thought, looks like it won't be resolved until late Tuesday- Wednesday at least.

Looking to short TSLA soon for a little swing position, for immediate waiting to see if it squeezes to 255-257 target first quickly. Easy money setup.

INDEX.. lower lows, SPX/INDU than Fridays's doji/evening star

Update:

uempel wrote:Update:

oiu.png

No, MA 9 was broken

SPX.. mind morning gap, should support of sorts hold on the 60m.. if not Thursday's lower gap

SPY s2 pivot 197.10; LOD so far 197.01

QQQ s2 pivot 104.34; LOD 104.36

ES Chart Update: How to avoid losing money on hard money days

Here's a KISS chart for execution levels if you do not like to play hard money days and only go for easy money setups....like my 1951 buystop setup last week

Risk 5/10 for 30-40 are my types of trades to set and forget for hard money days.

Buy stop 1993 vs sell stop 1934

SPY 15m.. wedging..

BOT TSLA + GOOGL

Stop at 246 and 658 respectively

Surge off the low in AAPL is leading tech higher.

vol surge, biggest bar, resistances, so could be a pullback here first, then we'll see.

SPY, QQQ spurted to their respective s1 levels, and have stuck there, and pulled back.

(ca 198.20; ca 105)

Unique wrote:BOT TSLA + GOOGL

Stop at 246 and 658 respectively

TSLA target = 255

GOOGL target = 668

These are only B tier setups BTW

Multiple sectors hitting HOD here

IWM green, hod-- AAPL, KRE likewise