Cobra's Market View

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Gap up within yesterday's range, so the gap might be filled. Usually any gap after a Major Distribution day gets closed the same day.

The Global ES rebounded overnight, stalled at Fib 38.2%, so for now it's still is a Bear Flag, therefore the common pattern is shown on the chart (not saying it'd go exactly like it shows).

Oh, usually after a wide range day such as yesterday, the next day (today) tends to be a narrow range day, either close in green or red. As bulls, you really don't want to see red which if indeed, I'll explain why to members.

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

ZimZeb wrote:

spx041613cn.png

Thanks, Might you explain what this suggest? And I notice Cobra's name is this from his tool box?

Thanks

flrtrader wrote:

ZimZeb wrote:

spx041613cn.png

Thanks, Might you explain what this suggest? And I notice Cobra's name is this from his tool box?

Thanks

Strength indicator visualized. Cobra's NvN suggests that bears or bulls are stronger determined by how many days or "bars" it takes for one or the other to make a move of equal size. Yesterday was a huge down day that combined with Friday's sell off took out the 4 up days prior to that. This suggests bears are now stronger than bulls.

AAPL, GOOG, SPY and GS Update

s-sell spy @ 156.30

BTFD mode ?!

Im glad i didnt short at last session close, but im looking to do it soon.

EvilTrader wrote:BTFD mode ?!

Im glad i didnt short at last session close, but im looking to do it soon.

Could be a stick save if we regain 157.2, until then let's see if right shoulder formation happens :O

Unique wrote:

EvilTrader wrote:BTFD mode ?!

Im glad i didnt short at last session close, but im looking to do it soon.

Could be a stick save if we regain 157.2, until then let's see if right shoulder formation happens :O

the bots know the stops

Above 1557 targets 1565 break through 1567 targets gap fill at 1581 which If touched I thing start the roll over to 1530. Hope this holds. On a side note 156.25 should be watched CLOSE (Spy)

looks like we are going to see 1565.xx anyone?

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Yes 65 is extension long, I wanna see above 67.50 to confirm next long extension!

flrtrader wrote:

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Yes 65 is extension long, I wanna see above 67.50 to confirm next long extension!

Sell the rip mode is on on my corner

/NQ is there at the target of my extensions. sell-able area me think.

BullBear52x wrote:

flrtrader wrote:

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Yes 65 is extension long, I wanna see above 67.50 to confirm next long extension!

Sell the rip mode is on on my corner

/NQ is there at the target of my extensions. sell-able area me think.

Russells look easier and more forgiving for shorts..

Nothing to say. If no huge up today, then it'd be a boring day.

Unique wrote:

BullBear52x wrote:

flrtrader wrote:

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Yes 65 is extension long, I wanna see above 67.50 to confirm next long extension!

Sell the rip mode is on on my corner

/NQ is there at the target of my extensions. sell-able area me think.

Russells look easier and more forgiving for shorts..

too low on /TF, at bottom of BB

GS....cycle low??

BullBear52x wrote:

flrtrader wrote:

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Yes 65 is extension long, I wanna see above 67.50 to confirm next long extension!

Sell the rip mode is on on my corner

/NQ is there at the target of my extensions. sell-able area me think.

So your looking at a 1565 FAILURE?

BullBear52x wrote:looks like we are going to see 1565.xx anyone?

Morning boss, same plan here STFR for leg lower then we will see