Cobra's Market View

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pullback to ema20, should be some buyers here.

members only update starts here: http://www.cobrasmarketview.com/2017/01 ... ay-update/

SPX minor gap down.. mind the H&S possible /ES 30m, measures down about 5 points.

DXY holding the 100 level.. possible H&S daily… mind the 20d SMA 101.42 /GC testing 20d SMA .. gold weak

SPX VXX VIX TLT all green… seems someone is not telling the truth.. VIX active.. SPX tags that magic number 2300.00

Bears will have not much to say until we trade <2297 (today is my sell day start on the southbound train)

Trade under T1 = good first step for bear.
Trade under T2 = a reversal is real.

I read this;

It's time to watch the VIX closely, it close at 10.81 today, which is the lowest closing price since July 3, 2014.
It's getting close to the lows seen in 2005-2007-2014 and while it doesn't provide us a timing signal it does provide a warning sign.

INDEX days.. TRANSports 13 points short of ATH from HOD.. IWM/RUT weak.. still lags

next week fed wednesday...and interest rates.
vix behaving still needs slam to 10.21 level to consider a longer term sell...ups till then...

morning hourly hollow red.

fehro wrote:SPX minor gap down.. mind the H&S possible /ES 30m, measures down about 5 points.

SPX500 CFD = /ES in shape not price... 30/4hr.. fwiw.. mind the H&S 30... "should" we stall .. otherwise.. 4hr channel

SPY 4hr.. New moon tomorrow.. fwiw. RSI, MacD divergence.. fwiw.

https://pbs.twimg.com/media/C3G1rR8UEAAdDu5.jpg

no sign to suggest buying. I am still looking at my T2 today.

SPX mind yGAP 2289-2280.. IWM took out yLOD into open gap.. nLOD

don't think it's H&S top, but let's see.

SPX buyers are safely in control

IWM nLOD again, indexes weak.. VIX holding up.. mind the minor invs H&S 5m VIX