Cobra's Market View

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Double top or C&H, wait and see. generally C&H has better chances.

(8:14am)
From my last night's KISS report. Bulls need above ES 2087 when day session opens

The intermediate targets are 2092, 2100 and 2110 as long price remains above 2060. These become effective into immediate targets when price trades above 2087.

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

Sadly, no turning point edge here....

Just a few thoughts

http://www.cobrasmarketview.com/2015/11 ... ay-update/

Good luck with the day trading. I am on the sidelines till there is another high probability turning point edge,

-D

All passengers....we're above 2087

Unique wrote:All passengers....we're above 2087

IF IT FAILS... what might your thoughts be? By the volume profile I'm looking for a test of 79-80

Yesterday the delta was terrible and sellers hammered every top.

thanks

Hourly fractal. Tight stop short. Looking for a dump early next week pending the possible rate hike anouncement.We will see. Vote Cobra. glta

flrtrader wrote:

Unique wrote:All passengers....we're above 2087

IF IT FAILS... what might your thoughts be? By the volume profile I'm looking for a test of 79-80

Yesterday the delta was terrible and sellers hammered every top.

thanks

If it fails and turns into a double top formation then bears have to break under 1HR 20ema then target the lower pennant trendline which is around ES 2077

ES: Bull Train Acceleration

First immediate target fulfilled

might be a pullback here which generally would be bought.

8:55 AM 11/20/2015
possible breakout today if it doesn't turn at 2095
Trade is for sim


China banking breakup
http://abcnews.go.com/International/wir ... k-35319458

stop-run est 2093.50
hit this at 8:51

ES: Nice and simple hourly breakout bar....hold half and go for the 1HR accelerated bull train.

Have a great weekend everyone!

Ib just crashed
thinking of a sell at 2094
-- perhaps dodging a silver bullet??
sim trade closed at 6.25 pts

So far there is nothing to trade. Market flat again. Only gain was if you held intraday or bot on the open.

could be some buyers here. the up fade too soon, don't like it.

Mr. B here.

I have marked 11/13 as the NYMO cycle low with a benchmark of SPX 2022.02.
NYMO has made a higher high and a higher low, but it has really struggled this week to get over the zero line.
It is above it now, but we have to wait for the close for confirmation.
It is a little concerning given that it took OPEX to get it here.

The first target for the upcycle has been reached though there remains a slight open gap above the morning highs.
I believe that gap was closed in the SPY, which is satisfactory.
Further upside targets are marked.

I have kept some of my downside targets on the chart.
Because NYMO has not shown the same vigor as price, I am open to the possibility of a corrective pullback after OPEX.
Also, the failure of price to reach benchmark in the last downcycle (3 handles shy) may be unfinished business or at least call for a test.
If we get a corrective move, I'll be looking for evidence of positive divergence in NYMO.

I was a little net short last post (short with a hedge).
Shorts were closed for a profit on the break of the 200 day MA.
I overstayed my welcome as I was waiting for a tag of the benchmark. At least the register was rung.
Longs are still on with a profit stop.

I may day trade short a corrective move, but assuming the upcycle holds, I'll want to gather or reload longs on a pullback.

Still nothing going on. just chop.