Cobra's Market View

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consolidation here usually favors breakdown. maybe targeting blue line below?

SPX getting closer to the 50d 2083, and 20d 2077 very key level, bull flag daily, lower 6 month channel from Jan lows. VIX possible resistance at 18ish.

Key levels.. today.. SPX opening 2087ish very close to 20d @ 2083, then 50d @ 2077.. mind the open May 25 gap 2076-78, and the morning gap

members only update starts here: http://www.cobrasmarketview.com/2016/06 ... ay-update/

...

Mind the AM gap. VIX up huge.

NDX testing 20d/50d, as INDU tests 50d at LOD ,USO testing 200d SMA, VIX tagged 200d SMA at HOD

2107 neckline test ? hum no...

Put/Call wholly extreme.. over 2.00 this am.. too many bears.. careful of a bounce

morning hourly hollow red.

NY advancing stocks are 0.8 x declining stocks
NY advancing volume is 1.2 x declining volume
NY declining stocks are 1.1 x advancing stocks
NY declining volume is 0.7 x advancing volume
1-to-1 is CHOP at the moment

Microsoft just surprised everyone with its plans to acquire LinkedIn for $26.2 billion in cash.
Here’s the internal memo from CEO to staff:
http://www.theverge.com/2016/6/13/11920 ... kedin-memo

possible 100% mm. market still dominated by bulls.

I swear this market knows my physical location.

SOOOO many times I get a buy signal right on my walk from my car in the parking lot to my desk at work. I was watching it on my laptop and nothing. No signal. As soon as I get out of my car and turn off my computer, SPY goes vertical and hits the signal as fast as it can.

SO I didn't buy because it blew thru the signal. Now itll probably rise forever and ever as usual lol.

SPX .. VIX holding up.. SPX AM gap filled

Ok well it sold back off but the buy signal is still good, so buying a little bit here with mad money.

bot SPY at 210.18

VIX expiration Wed this week.