Cobra's Market View

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Can either be up or down, no clear edges. My guess is up because the push up yesterday was strong so might be a 2nd leg.

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

SPX still struggling at resistance of sorts, mind today's gap, yesterday's gap sitting on top of Fri's AM gap. 1878-1870

Looking at BPNYA and what might be ahead for SPX in the next few months:

Checking in on a grid which has been reliable these the last few years:

SPX gaps

Gap down ...

TLT red, USD neutral, AAPL big down but overall market is still holding.

note IYT breakout

expecting choppy sideways (FOMC WED)

SPX .. in-between a collection of gaps.. 5m. Mind the open gaps for FOMC fireworks

GM

AAPL -5.04%, smartphones decreases interest ...

Wallstreetrader wrote:GM

AAPL -5.04%, smartphones decreases interest ...

94-94.50 key area. AAPL W 200w SMA 91.75

ES tried to move up and fill the gap. NQ holding the market down.

usdJPY, TLT shows signs of flipping over. bull beware.

No break allowed at 1879 imo will confirm again the continuation of the bear market !

SPX 5m.. bulls see an yellow invs H&S should this level hold.. not a fan of it.. don't like them at a "top" fwiw.. measures to 1934

USDJPY is holding up. crude inventory in 15 mins.