Cobra's Market View

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Double Top (bearish) or consolidation (bullish), we'll know, perhaps 12:30 pm ET FOMC announcement. So hold your breath (well, if you can hold that long).

members only update starts here: http://www.cobrasmarketview.com/2013/06 ... ay-update/

Last 6 out of 7 FOMC days not so hot, but then the "taper" hype wasn't such a big deal. http://www.mypivots.com/trading/feddays From TheArmo Trader. And a GDXJ Gann from ChartRamblings. GLTA.

$TLT: The Ending Diagonal option

Round 3 of Wildest Predictions:
**Decoding pBars**
Markets will be soft going into FOMC announcement but reverse to make a new high. In the soft (consolidation/correction) phase prices will remain in the blue box (most likely above the diagonal purple line).

TWT wrote:$TLT: The Ending Diagonal option

thanks WAVE, what ifr we open above the downline this morning?

USO IHS daily.

the target should be at the green line in theory. I'm not sure, just a theory.

Here are last night's out-of-sync large blocks, at $164.45 and change.

viewtopic.php?f=2&t=959&p=133897#p133897

Looks like a typical hard Fed day..nothing to play here. No two easy days in a row, come back 2pm for the 1-2-3 shake maybe

Support on /ES, Resistance on the Dow...one of them needs to break....

Price going up, but internals going down?

SERVO wrote:Price going up, but internals going down?

what internals are going down?

I'm neutral.

expanding triangle or H&S on SPX 5m

Al_Dente wrote:

SERVO wrote:Price going up, but internals going down?

what internals are going down?

I was looking at Market Thrust Indicator from:
http://www.thinkscripter.com/indicator/ ... indicator/

gappy wrote:USO IHS daily.

uso.png

I noticed that oil had broken out. Cobra has a measured move to about 36.5 on USO.

AMZN huge squeeze potential coming right up, need 285 break please

Looks like it could be an easy day after all if market cooperates..gotta enjoy the gifts while they last temporarily, lovely

SERVO wrote:

Al_Dente wrote:

SERVO wrote:Price going up, but internals going down?

what internals are going down?

I was looking at Market Thrust Indicator from:
http://www.thinkscripter.com/indicator/ ... indicator/

The page you sent us to looks like a chart from 2010....