Cobra's Market View

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Gap up above yesterday's high so the gap might not be filled.

The Global ES formed a pair of higher low and higher high, so the short-term trend is officially changed to up. Now the question is how far this rebound could go. This is what we're going to find out today.

Short at 1360,not going any higher than 1362

ES is setting up an inverted H&S for the open. Could be a big surge of buyers above 1355.25 or just another pump and dump?

the open.

Miyagi...... hit the turbo button!!!

Give the bulls the biggest gap they can muster, crush those muppets that chase, then throw it into reverse and run over then again.

It's like bumper cars except the street has a duce and a half - and the muppets have a petal bike.

johnnywa wrote:Short at 1360,not going any higher than 1362

nice sale. high 1355

well, you know where resistance is.

Cobra wrote:well, you know where resistance is.

Zero???? Or 100,000???

I get confused

Oops, I though you ment target..... nevermind.

Follow up to Friday's post viewtopic.php?f=2&t=604&start=260#p83733

On the 30 min chart, VIX bouncing between 23% and 38%. Shows occasional breaks but nothing major. 16.27 is major support then around 14

Apple Inc now 19.79% of QQQ

UNG....

jdow wrote:Apple Inc now 19.79% of QQQ

that ends well...

UCO/USO both look like island reversal, maybe H&S....

For the TLT fans here is a P&F chart showing TLT getting stronger and 30 yr bonds weaker.

pump and dump?

KENA wrote:For the TLT fans here is a P&F chart showing TLT getting stronger and 30 yr bonds weaker.

bw071012_wya.gif

KENA
Is this a LT dome? If so, what would the “dome theory” target be?
thx

no comments, I'm watching with my mouth wildly open.

Cobra wrote:no comments, I'm watching with my mouth wildly open.

Two-legged down ?

EUR/USD in trouble and its just like what happening be4 bear strerns