Cobra's Market View

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Flat open, so any gap will be filled.

The Global ES looks like another Bear Flag in the forming so is bearish biased.

Lets hope we climb to 1347-51 for nice short entry

ES 1315 next stop for major test - Merkel being questioned by german media as violating law in setup of ESM - the Germans wont finance rest of Europe.

rpccharts wrote:ES 1315 next stop for major test - Merkel being questioned by german media as violating law in setup of ESM - the Germans wont finance rest of Europe.

1250 by e.o.m.

there's a mistake in reporting CIS trading signals yesterday. It's corrected here: http://www.cobrasmarketview.com/2012/07 ... g-signals/

the open.

JOY & FCX are lagging

JPM will attempt to “claw back” compensation
http://online.wsj.com/article/SB1000142 ... 02112.html

johnnywa wrote:

rpccharts wrote:ES 1315 next stop for major test - Merkel being questioned by german media as violating law in setup of ESM - the Germans wont finance rest of Europe.

1250 by e.o.m.

wishful thinking - both.

we will see

Maybe we get the opposite first 30 minutes fakeout of what we got the past couple of days.

what s up Cobra Good morning . Here raining in Miami. Just hello . We are all here seating down on your class... too bad is not live !

Aussie is pretty good today and i wonder stock market will hold the low at least some hours ?

There is a signal at about 10:05 am

I think we get that bounce to 47-50 SPX today. (mentioned earlier by someone as a chance to get short). I see plenty of resi there.

Bulls should look closely: the center line of the black channel is crucial, now at about 1348/49. If it's not DT, doesn't make sense to go long before SPX wants to stay above that level (note that I wrote the text over the weekend)

Looking like an inverted H&S on SPY & IWM

johnnywa wrote:

rpccharts wrote:ES 1315 next stop for major test - Merkel being questioned by german media as violating law in setup of ESM - the Germans wont finance rest of Europe.

1250 by e.o.m.

Have you an analysis to think as such?

Wholesale trade at 10:00...

What time frame are you looking at?

Petsamo wrote:Looking like an inverted H&S on SPY & IWM