Cobra's Market View

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Big gap down, so chances are the gap won't be filled.

The Global ES is simply, the down leg is too strong, so rarely it's just 1 legged, therefore the very first rebound most likely would fail.

Chart is a mess for "an observer from outside" , but watch the blue channel

the open. it's way too stretched, so might be a rebound first.

yawnnnn.... China and Eur/Usd had already broke support while financials looked weak.
Housing hits major resistance last week.

tick-tock

RIMM is green, fellas

Paging BullBear: June 12 eh?

Your vol indicators are awesome!

Hmmm.. Sold remainder of my puts here

Cobra wrote:the open. it's way too stretched, so might be a rebound first.

Bear attack!!!
Should I join them

Wayne if u missed out....keep an eye on ZSL.... I have 80% confidence silver is going to break support.

heavenskrow wrote:Wayne if u missed out....keep an eye on ZSL.... I have 80% confidence silver is going to break support.

It will be difficult without support from dollar but not impossible

KeiZai wrote:

heavenskrow wrote:Wayne if u missed out....keep an eye on ZSL.... I have 80% confidence silver is going to break support.

It will be difficult without support from dollar but not impossible

I like your sig from Jesse Livermore.
Imma keep that quote

heavenskrow wrote:

KeiZai wrote:

heavenskrow wrote:Wayne if u missed out....keep an eye on ZSL.... I have 80% confidence silver is going to break support.

It will be difficult without support from dollar but not impossible

I like your sig from Jesse Livermore.
Imma keep that quote

Wow. Went a lot lower than I was expecting. The LD option is almost finished while the stochastics have room to keep going down. Waiting to see what the market unfolds now.

15 min [edit: 30 min sorry]

heavenskrow wrote:Wayne if u missed out....keep an eye on ZSL.... I have 80% confidence silver is going to break support.

Thanks for the tips, but i rather long XIV after this run down is complete, that is if I had to play a leveraged instrument. Hopefully, SPX does not break 1325ish.

Does anybody have any backtesting what to expect for short term & mid term when VIX >20% in a single day?

Thanx in advance!

funny now bonds and german bunds are saying again different story going down with the market

This consolidation here can not be good for bulls ? No?

dr659 wrote:This consolidation here can not be good for bulls ? No?

consolidation here is not good for bulls. bull need show some strength to make it a double bottom here.