Cobra's Market View

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no idea up or down here. even it is a triangle (I don't think so), the triangle doesn't tell direction anyway.

SPX still in a descending wedge daily, opening at 2131.. gap up.. mind the gap. 20d/20w 2142/2148
VIX stacked invs H&S targets all tagged. VIX still elevated, >200d/50d/20w/20d VIX 200d 15.45
SPX takes out 2115 Oct lows with conviction target 2050.

members only update starts here: http://www.cobrasmarketview.com/2016/11 ... ay-update/

Politics influences the market …

https://www.youtube.com/watch?v=kXjbXGyQDsE

today /ES
22
24
27

Start the day on southbound train again, pivot at 24

Long term is entering buy the dip zone but need to stay down all week so next week will be a good buy week.

as per yesterday.. mind the dollar from BOJ announcements.. nears mid channel 20d SMA 97.90 just a dime lower

15 is my target since yesterday, I hope we get it today.

fehro wrote:as per yesterday.. mind the dollar from BOJ announcements.. nears mid channel 20d SMA 97.90 just a dime lower

next week will be a good sell on dollar me thinks.

This is the price where they turned it around last night in Asian session.

Well that didn't hold, so maybe yesterday's double bottom is still solid.

BullBear52x wrote:

fehro wrote:as per yesterday.. mind the dollar from BOJ announcements.. nears mid channel 20d SMA 97.90 just a dime lower

next week will be a good sell on dollar me thinks.

not so sure… cleanest dirtiest shirt, election nonsense over.. weekly, monthly DXY looks bullish.. lean more up over 100 look out above!

SPX .. hourly ugly starting candle.. 3m to go

$SPY oversold on 1m and nearly oversold on 5m

fehro wrote:

BullBear52x wrote:

fehro wrote:as per yesterday.. mind the dollar from BOJ announcements.. nears mid channel 20d SMA 97.90 just a dime lower

next week will be a good sell on dollar me thinks.

not so sure… cleanest dirtiest shirt, election nonsense over.. weekly, monthly DXY looks bullish.. lean more up over 100 look out above!

slippery when wet.

Dollar waiting on jawboning from Fed. They are supposed to be very clear that rates will go up in December and that they will not support a big surge in gov't spending. If Laurel Branard the Obama Clinton political insider, continues to show influence on the committee (she is super dove) that will mute the dollar rise as it would imply continued central planning and abandoning the current attempt to move in the direction of market forces making decisions.

Put/Call spike to extremes 1.41 CPC /CPCE

fehro wrote:Put/Call spike to extremes 1.41 CPC /CPCE

What chart service and script are you using?

fehro wrote:Put/Call spike to extremes 1.41 CPC /CPCE

That would lean bearish