Cobra's Market View

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Possible rising wedge (3 push up) so the rebound might not go far?

members only update starts here: http://www.cobrasmarketview.com/2015/09 ... ay-update/

SPX mind the trend, possible triangle, open gaps.. pink triangle 5m?.. rising cyan wedge?

TSLA premarket at 253-255, very glad I respected my levels yesterday and got out of the swing shorts at a small profit at the end of the day.
This is what you gotta keep doing in a tough tape so gotta stay objective and look for the best risk vs reward and manage it properly.

I'm gonna wait and see whether to short TSLA intraday day trade at the open like yesterday for a quick +20% - 40% gain potential.

GC Gold Daily triangle: Key time

Needs a bull sticksave here at 1116-1123 region or else it could get a fast breakdown immediately targeting 1108.5~

BTW, hourly GC has an Extreme Oversold signal going on as well, so bulls have a good chance for a sticksave if so...

Unique wrote:GC Gold Daily triangle: Key time

Needs a bull sticksave here at 1116-1123 region or else it could get a fast breakdown immediately targeting 1108.5~

BTW, hourly GC has an Extreme Oversold signal going on as well, so bulls have a good chance for a sticksave if so...

/GC M/W/D fwiw.

fehro wrote:

Unique wrote:GC Gold Daily triangle: Key time

Needs a bull sticksave here at 1116-1123 region or else it could get a fast breakdown immediately targeting 1108.5~

BTW, hourly GC has an Extreme Oversold signal going on as well, so bulls have a good chance for a sticksave if so...

/GC M/W/D fwiw.

Yup, weekly still a 20EMA bear train with monthly 8EMA bear train

Short TSLA again like yesterday for day trade, stop @ 252.5.
Looking for quick 20-40% again

SPX

USD/JPY . .under pressure.. looks ripe for a sharp drop

Unique wrote:Short TSLA again like yesterday for day trade, stop @ 252.5.
Looking for quick 20-40% again

TSLA out half shorts, +30%

Target is gap fill = 248~

ES: Immediate target = 1963, the gap fill magnet level

too stretched on the upside, so should be at least a consolidation here.

Unique wrote:

Unique wrote:Short TSLA again like yesterday for day trade, stop @ 252.5.
Looking for quick 20-40% again

TSLA out half shorts, +30%

Target is gap fill = 248~

All out breakeven last half

SPX .. try a small short here.. may be a tad early ,, mind the morning gap

GC Gold: Hourly sticksave indeed. Extreme Oversold signal worked.

10minutes from closing the hourly bar, bulls want a nice bull bar engulf.

So for how long will magic Mario's words keep the market up this time? I remember when "what ever it takes" was good for a couple day rally. Maybe 'we will buy 33% of an issue' will be good for at least the morning?

ES: Key time, if miracle bulls manage to retest that 1968.75 morning high (dotted red resistance),
we could go for the immediate targets 1983, 1993. Be ready. Remember an hourly bar close above 1970 would be a HUGE win.

TSLA gap fill target fulfilled. If this is two legged down, then next support level = 246