Cobra's Market View

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Small gap up but above yesterday's high so not sure if the gap would be filled or not.

Could be a Symmetrical Triangle formed on the Global ES, so the overall bias is up. It's kind of key time now because the price is testing the overnight high, since it's the 2nd time, so no failure allowed here. Let's wait.

I don't see anything wrong on DAX.

gold looks good. it's base and breakout setup.

oil may continue down sometimes later as I see the rebound in the past 4 bars as bear flag.

EURO still is Bull Flag.

GM

so far so good

Y: viewtopic.php?f=2&t=681&p=96491#p96491
USDCAD
Y: download/file.php?id=28971&mode=view
DAX
Y: viewtopic.php?f=2&t=681&p=96489#p96489

EURUSD: A bullish falling wedge could hinder the progress of the equity bears "desideratum"

the open. now everyday is either gap up close lower or gap down close higher. so the question is today opening high going lower again, or the 3rd time is the charm?

Cobra wrote:the open. now everyday is either gap up close lower or gap down close higher. so the question is today opening high going lower again, or the 3rd time is the charm?

Hm... is 1460 resistance? The market is waiting for confidence at 10 it seems.

TWT wrote:EURUSD: A bullish falling wedge could hinder the progress of the equity bears "desideratum"

Dragi is out of the meeting with Merkel, so things could change

Cobra, what are your thoughts on GDX 60min and/or hourly?

What about any Elliott Wavers?

Thanks

Tha Algo is still in dn trend..Not even a sideways blip as yet..Lets see what happens today.

The Acum/Dist. Is making its way dn but has a ways to go to go into distribution.

There is no better vehicle in US than shorting russell...lol

P.S: DAX and euro are strong (finally outperforming US), I like it

a spike, unfortunately, overshot, so might see pullback or consolidation here.

NDX: It is a matter of gaps. Here a trend reversal could be around the corner

ClarkW wrote:Cobra, what are your thoughts on GDX 60min and/or hourly?

What about any Elliott Wavers?

Thanks

should be more up ahead. may or may not see some short-term pullback first though.

possible target at $146.24.

We're never going down again!!!!

Miyagi = you awake yet?

Cobra wrote:

ClarkW wrote:Cobra, what are your thoughts on GDX 60min and/or hourly?

What about any Elliott Wavers?

Thanks

should be more up ahead. may or may not see some short-term pullback first though.

Thanks Cobra!