Cobra's Market View

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the pullback should be bought.

members only update starts here: http://www.cobrasmarketview.com/2017/03 ... ay-update/

morning hourly black bar.

Resistance by a huge ellipse on SPX weekly:

Hey U, just a ?....I have been observing your elipses and have noticed that when price reaches either the tops or bottoms they appear to get rejected and a turn occurs....similarly, when they hit the "sides" of the elipses it appears to my mind that they have a (let's call it) easier time "breaking" through to the next phase. I am not calling direction, but am I seeing this as a norm or is it just me?
TIA and good luck to all, I am sitting all cash at this time!

very pretty H&S SPY 5m LOD goes.. target is **238ish

Small caps are fading, may take the market down?

GM,
If we are in a bear train (I know, hard to believe), EMA20 (5min) can be an entry point (currently 2377.5/2378.5).
Close above, forget it...

L1 short at ema20, let's see. I have no confidences in any bear setup, need luck.

Bear are not allowed in the neighborhood !

Poor bears !

well, still the same old rule: as soon as rebound starts, bears are over. at least this bull shall have legs.

possible mm

IWM options traders ($RVX, inverted here 1/$RVX) are more bullish on IWM than they have been since mid 2015
And they’ve been strong bull since before the rate hike
At this point, we could say it is near extreme
Daily

most double top fails, but let's see.

Note ORCL
wow
ATH
it’s in the OEX; too bad it’s not in the dow

Checking SPX daily:

happy hour?