Cobra's Market View

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Gap up within yesterday's range so the gap might be filled.

The Global ES still looks like a H&S Top but again bears need decisively break below the neckline to seal the deal, so still too early to say bears won. Let's wait.

ES exhibited some frisky behavior last night (my day time) - very wild swings for night time - something is gonna pop soon

Gm all

Put/Call Open-Interest 4 this friday: http://leavittbrothers.com/blog/?p=5712

Path of least resistance is up (simply because no one asks questions when the market rallies and another dump could get ugly).

Bots are trying to get a head start in the pre-market. I'd really like to see an actual test of that 1307 line. 1314 (ES September) should be some resistance, that fails, 1320 ES = 1326 SPX very quickly. Not sure it holds this time.

the open.

Gold and silver

Silver on support now

EURO: big fight here

Based on this model, VIX favors short side of the market. This setup is now on sell side in all time frames (D1, H4, H1, M15, M5, M1)

I added Greece here last night when they were reporting early polls…

Gold in rising wedge? but i-term is up

Are we gonna drag the DAX up again

Al_Dente wrote:I added Greece here last night when they were reporting early polls…

614greece.png

wow what´s the news in greece?

Here we go euro squeeze

very strong push up, so at least this is a 2 legged up.

KeiZai wrote:

Al_Dente wrote:I added Greece here last night when they were reporting early polls…

614greece.png

wow what´s the news in greece?

I kept hearing that early polls have grks saying they will vote to stay in
But this is all I can find to link at the moment (zerohedge=grain of salt)
http://www.zerohedge.com/news/greek-sto ... s-bluffing
But Spanish yields here http://www.bloomberg.com/quote/GSPG10YR:IND
Keykey: off topic
I remember u said june/july
But I forget if u said 1400 or 1500?

Waiting for UEMPEL's noon change..Lets see.

We're never going down again!!!!!!!

Cobra wrote:very strong push up, so at least this is a 2 legged up.

The same was said about yesterday's down that it was 2 legged not sure I ever saw a 2nd leg. Totally lost...was squoze out of yesterday's short.

Cobra.

Re. your opening comment about the gap being filled.

I presume you've changed your mind now ?

Cheers