Cobra's Market View

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no idea up or down here, need see more bars. overall, we're in a range, no direction.

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

SPX opening flat.. after being down 11 points overnight… 20w/20d 2145/6 to the upside. Looks weak, VIX looks strong. Flat Friday? and gap it over the weekend?
As mentioned yesterday.. on a edge of a cliff.. yearly uptrend. Breaks "could" be very ugly.

/ES cracks yearly uptrend.. and retesting on the daily. Be very careful.

lots of over head resistances, /ES >28 will be a buy for me.

start the day on southbound train.

/ES a trade under 22 this time I will look to a retest of over night low of 16

3 key numbers for /ES

28
22
16

buy above 28

SPX

Same old game. Reversals after the opening move are getting faster and faster ...

Clockworks. I am still on the buy, will reverse to sell only under 28 on /ES. (not telling anyone what to do here, I just post what I do)

SPX Heiken hourly...Daily reg update...It gets to 1911, ima buy. Good weekend to ya. Time to wet a hook. Vote Cobra, a pres we can believe in. and oh, yes, those charts are a fractal, Aug on with the daily.

If we lose support at LOD next down target will be 2115

SPY/QQQ/GLD/USO/TLT etc.. weeklies.. since it's Friday.. its important to look at the weekly candles.. and see where the bulls/bear need to move it/close it in their favor... fwiw..
IWM is just pure ugliness. Bulls have major work to do.

Good support so far, see histogram is improving now.

SPX 15m little bigger picture of my SPX 5m chart.. open gap just below.. green up channel.. holding.. Bears need LOD to go.

today will be a nimble day, My game plan for now.

INDEX days.. GLD flirting with 200d SMA 121.20

SPX at resistance.. with "surprise, surprise" 20d/20w 2144/46 just 5ish points higher
VIX retest messy neckline.