Cobra's Market View

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Testing previous rebound high, key time. My guess is a little bit breakout then pullback.

ES Quick Update: The 1970, 1980 and 1990-1993 immediate targets are fulfilled.

Overnight high = 1992, which means bears last line of defense at 1993 is still intact.
Remember, if it triggers above 1993, this could be the fast and furious volatility expansion squeeze that I've been talking about.
It would immediately target the 2020-2034 region where 2034 is the prior 6 month support range of the 2134-2034 channel.
Checkmate bears, your move. You have to defend 1993 when day session opens.

The Hourly Extreme Overbought Signal that I was talking about last night still exists this morning.
This coupled with bears last line of defense at 1993 could be what bears are hoping for.
Keep it simple, the levels are pretty clear for today.

P.S, still a 1HR 8EMA+20EMA bull train, it is what it is

AMZN + GOOGL + TSLA: All Abroad Part 2 -The train has arrived at your destination.

At or near the immediate targets in pre-market session, will take some profits at the open since we hit key target resistances on these.
Stay objective, no need to be greedy already +100%~ on GOOGL within 24 hours.

AMZN next resistance is 529 if bulls manage to get an hourly close above 522.7

GOOGL next resistance 655 if bulls manage to get an hourly close above 651.3

TSLA next resistance is 261 if bulls manage to get an hourly close above 255

P.S, REMEMBER as long as ES is not above 1993 - bears still have this last of defense. Coupled with my 1HR Extreme Overbought Signal, it serves as a quick short potential setup if prices do confirm!

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

SPX mind the morning gap.. filling the Aug 31 gap 1988-1986 *20d 1999ish

GM,
In Europe, eurostoxx50 +2.50%, dax +1.70%... nikkei burst up 7% this morning....
Maybe a kiss and good bye @ 2030 on ES in the card ?
Good luck to all

SPX pennies short of the gap fill, possible resistance here.. a small short here soon..

AMZN, GOOGL, TSLA Quick Update: Nailed it, choo choo train!

AMZN: Getting close to 529 resistance already, next are 533 major and 539 if hourly close above it.

GOOGL: Already above 655, next majors are 663 and 667 if hourly close above it.

TSLA: Unable to break 255 so it’s not uber bull like the others

Personally, I’m 75% out of GOOGL since it is already +110%~

I want to see ES trigger above 1993 to re-add some longs for the fast and furious squeeze.

The trend is your friend, it is a 1HR 8EMA+20EMA bull train until price proves otherwise.

This might be my last post of the day, good luck all!

SEE CHARTS

SPX .. gap filled.. mind the morning gap... VIX holding support of sorts

morning hourly black bar.

ES Quick Update: Not bad by bears, 1993 last of defense holding intact still.

Key time at 1HR 20EMA bull train support for bulls re-entry spot.

Previous close = 1966 if we get overshoot by bears. Stay objective, pretty clear levels today.

I'm outta here, peace out

INDEX days.. 20d providing resistance in some indexes .. support NDX.. all about AAPL today

SPX

testing ema20 for the 1st time, so might be a rebound here first then we'll see.

SPX at top of morning gap.. cover partial shorts here..

daytradingES wrote:Gold closing below 1070 would give 1020 which being less than 1034 could pave the way for $1000 to be tested.

now going down..

SPX pennies.. short of gap fill cover another portion here.. may dabble long here.., or next hour.. need to see hourly

Today will be a do or die for bulls, need a strong closed. one more short term buy coupon left but next rip Papa bull will be challenged once again.

daytradingES wrote:

daytradingES wrote:Gold closing below 1070 would give 1020 which being less than 1034 could pave the way for $1000 to be tested.

now going down..

/GC possible support at near 1101ish.. M/W/D daily little wedge with in possible bigger bullish falling wedge on the weekly.. I know seems overall very bearish.. but may chop around still for a bit,
mostly on the "possible" weakness I see on the USD.. "IF" the dollar breaks/weakens .. looking to go long on a couple GLD calls soon.. for a trade.