Cobra's Market View

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Testing support. usually would break it then rebound. let's see. my guess is range day today.

members only update starts here: members only update starts here: http://www.cobrasmarketview.com/2018/08 ... ay-update/

Sorry, put up wrong chart the first time.
Sellers above overnight high won the first round.

it's morning hourly hollow red

TICKs have turned up, but haven't crossed their MA lines yet....

ES 2905 was a high on Monday and also figured in an overnight high, so that makes sense as a sell point. But ES 2907 looks much more important as it was the bottom of the range yesterday AM and is well tested.

Aretha's funeral service
LIVE
https://abcnews.go.com/GMA/Culture/watc ... d=57476006

ALMANAC
"Market Historically Stronger After Labor Day than Before"
http://jeffhirsch.tumblr.com/post/17756 ... r-day-than

Al_Dente wrote:ALMANAC
"Market Historically Stronger After Labor Day than Before"
http://jeffhirsch.tumblr.com/post/17756 ... r-day-than

agree. like the idea of a run up into employment report. what happens thereafter most interested.

brokebybernacke2 wrote:............... run up into employment report. what happens thereafter most interested.

ELSEWHERE:
A chart is worth a thousand words:
https://www.marketwatch.com/story/if-th ... =rss&rss=1

Bios tried to make a new high this morning, didn't quite make it....

banks fail again, after many tries
daily

Al_Dente wrote:banks fail again, after many tries
daily

831banks.png.png

Nice box!

VWAP seems to be holding it up right now....

te_fern wrote:

Al_Dente wrote:banks fail again, after many tries

Nice box!

Why would you own bank stocks in this environment? Well you wouldn't, but the ETFs do. So yet another example of a sector being held up by ETFs. Should be informative when the bear market comes to see what happens to the unloved.

folks yappin' about how important the YUAN is as a "tell"
i have only CYB
is there a better symbol for stockcharts ?

SET LIST:
Jennifer Hudson -- "Amazing Grace"

Faith Hill -- "What A Friend We Have In Jesus"

Ariana Grande -- "Natural Woman"

Stevie Wonder -- "The Lord's Prayer"

Fantasia Barrino -- "Precious Lord"

going to test the yesterday's low?