Cobra's Market View

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3 Push Up or not, wait and see.

members only update starts here: http://www.cobrasmarketview.com/2016/01 ... ay-update/

SPX possible resistance near open.. bulls trying to save the weekly by hammer it. SPX5m.. orange bearish wedge stall at open/ red triangle, then retest invs H&S cyan neckline.. or just up.

Impressive bully pump. Only thing I notice offhand is the adx rolling over. We will see. HourlyVote Cobra. glta

Last chart, guys I'm off for a few days

SPX

uempel wrote:Last chart, guys I'm off for a few days

SPX8.png

Have a good one Uncle Uemp. We will go into withdrawl until you get back, but that's ok.

Thanks Uempel for the charts, have fun whatever your doing! Like Dell, I don't "get" how the elipse is formed, but I DO compare them w my cycle analysis and the last event coincided perfectly w my ICL...and thus why I went all in on the spies Wed. Now my own fault lies w when to exit as I normally swing but tagged this as a short term...
GLTA...

uempel wrote:Last chart, guys I'm off for a few days

SPX8.png

We love your charts.
Thank you
Enjoy

I have to hope and ray uempel is wrong because i still dont have a buy signal anywhere and were starting to gap up daily.

SPX * minor adjustment in the lines

...

SPY weekly still hours to go.. bulls pushing for that hammer

Lot of people must be shorting at this level... will they get surprise?

Wallstreetrader wrote:Very bearish the market !!!
Will be no surprise if today close in red

i would need to ask why say so?

Numbers are coming good...PMI is good, existing home numbers are coming good...but economic index went down 0.2%....

hunterman wrote:Thanks Uempel for the charts, have fun whatever your doing! Like Dell, I don't "get" how the elipse is formed, but I DO compare them w my cycle analysis and the last event coincided perfectly w my ICL...and thus why I went all in on the spies Wed. Now my own fault lies w when to exit as I normally swing but tagged this as a short term...
GLTA...

Thanks hunterman, check Cobras Forum yesterday 2:45 p.m - there I try to explain the system to DellGriffith. Note that these systems never give buy/sell signals. They only signal that a move is imminent. Yesterday's move was most likely to be to the upside due to A) momentum (e.g. Bullish Percentages) and B) the WTIC move.

Well the lunar cycle agrees with uempel in that we should have a low around here.

/CL 60m nears resistance.. weekly looking like a hammer tho. W/D/60m