Cobra's Market View

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bulls may have legs.

members only update starts here: http://www.cobrasmarketview.com/2016/10 ... ay-update/

SPX opening at 20d 2149.04 mind the morning gap again 50d at 2160.30, 20w 2143.78 to the downside.
Mind the VIX 15m bullish falling wedge. fwiw.

Relevant lines today
(S3 is not pictured at 2102.08)

SPX

start the day on a northbound train. /ES 2145 is my pivot.

nibble short..for a gap fade.. not ideal.. under 20d than maybe.. 50d zoo close just 7 points higher

NDX nears ATH again, as TLT slips under 200d SMA again.. VIX weak

bullard gave green light...new highs coming by year end, enjoy. buy buy buy

Mid term entering sell the rip zone, 50 dma a moving target is around 2160ish, so this move could still push to there before she sings.

She tries to jump the 20 dma creek right now will she made it out all day remain to be seen.

her intention is to regain an upper range. gap up there is clear sign trade according

losing /ES 45 is not a bull I am expecting to see here. Oy.... stops are in.....emotions are out.

BullBear52x wrote:her intention is to regain an upper range. gap up there is clear sign trade according

really like this chart. thk u. backtesting the base of that rectangle....very bullish if it holds, think so...

Clockworks, bull got one more coupon. TSI is your friend.

brokebybernacke2 wrote:

BullBear52x wrote:her intention is to regain an upper range. gap up there is clear sign trade according

really like this chart. thk u. backtesting the base of that rectangle....very bullish if it holds, think so...

lots of overhead resistances short term, she need to hold up there, falling back this time will not be a good sign at all.

DXY Daily.. pressing higher.. "could" doji today this week.. but upper band so close. /GC slips under 200d SMA, bear flag of sorts on gold daily, /CL nears 20d 49.60, 50d 47.24.. seems oil lags dollars up move, as well as gold.. but not as much.. mind your golds and oils.

failed here is Gap and No go in my book. and it will trigger mid term sell the rips.

Genscape reporting a million + barrel draw from Cushing storage. So looks like oil inventory reports could be typical for this week as we enter the fall inventory build period.