Cobra's Market View

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No idea if the pullback low was in or not, need see more bars.

ES: Short 2078. Stop = 2082, target = 2065. Counter trend trade

On Thu Oct 22, 2015 10:25 am, I went fully short:

DellGriffith wrote:fully short now.

This is my problem.

DellGriffith wrote:On Thu Oct 22, 2015 10:25 am, I went fully short:

DellGriffith wrote:fully short now.

This is my problem.

Shorting bear markets are easy, not bull train

members only update starts here: http://www.cobrasmarketview.com/2015/11 ... ay-update/

SPX 200d @ 2061.59 and open gap to the downside, upside upper trends. MInd the morning gap. VIX still holding of sorts.
/ES restesting neckline, trying to hammer the daily today.

ES 15m chart update: Important levels

50% fib = 2079.50, 61.8% fib = 2083.1. 15m 200sma = 2079.20

My new question is: has the FXI:SPY correlation permanently broken down, or will it return this week? And if it does, does that mean FXI rallies or SPY drops hard?

Daily FXI:

I feel pretty strongly that August 24th - October 23rd was the initial bounce off the lows. Now FXI is heading back down to retest the August 24th low, which is classic crash behavior for an economy that just imploded. In theory that should be a drag on global markets. SPY should correct too. But it defied it last week.

Short SPY 208.20

SPX green, VIX green +2%…. some one is not telling the truth.. mind the morning gap

ES: 4minutes until 15min bar closes. That's a very impressive bullish engulfing candle so far....short-term signals overbought though. Looks like a bull trap. I'm wrong if over 2083.10 the 61.8% fib

ES stopped out 2082, counter trend trades never work now eh?

SPY and FXI are actually still correlated if you remove october 28th. That day FXI had a huge red candle while SPY had a huge white candle. Everything else still aligns.

SPY 50m/15m.. restesting trend of sorts… lets see if it holds..

SPX.. hourly looks impressive..saving the uptrend from Sept 29 lows.. or a head fake?.. dabble short here

BOT AMZN weekly puts

USOIL - /CL possible invs H&S over 46.75 "could" sees an explosive move to 50.75.. caught between 20d/50d

AMZN chart update