Cobra's Market View

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Resistance, possible 3 Push Up but I believe this 3rd push up still has legs, so here's my wild-est-est-est guess.

GDP came in at 1.8% v estimates of 2.4%

ES Update

Yesterday, it took until 3pm to get an hourly close above 1580.25 to finally confirm the bull side. Hopefully today we don't have to wait as long - too boring

Looks like today is another pretty clear support vs resistance day. If back-test the 1596 becomes a failure then bears should their next leg down assault, vice versa

Short at open

SPY Update - Same thing like ES, pretty clear backtest line

too stretch, buy day today but at this level sell first and buy back later.

Gone shorts for the day SPY $160.

BullBear52x wrote:too stretch, buy day today but at this sell first and buy back later.

BullBear52x wrote:too stretch, buy day today but at this level sell first and buy back later.

Hourly RSI for ES at 70+ tends to agree with that statement

Well, we will all lose money together!

Ned Davis Research on bond fund liquidations

/es 1587.5 level to watch. a penny below that, the sell will be good all the way to 78.xx, (10 handles for the IF)

For the P Bar fans..All up P. B. have been filled..One dn P.P. low to 157.07 yet to be filled.

a reason for the bears.

I didn't see the green Signal yesterday But tomorrow at 1:30 p.m. there's another signal (red) And next Monday too (blue)...

pBar Reading:
More up, but a pull back can't be excluded at this moment.

Premkt Dn P Bar to 157.97 today..Not always dependable but lets see.

Unique wrote:ES Update

Yesterday, it took until 3pm to get an hourly close above 1580.25 to finally confirm the bull side. Hopefully today we don't have to wait as long - too boring

Looks like today is another pretty clear support vs resistance day. If back-test the 1596 becomes a failure then bears should their next leg down assault, vice versa

Hourly did not close above the resistance. Patience game again

SPX 15m invs H&S? target 1645ish... if it plays out.

BullBear52x wrote:a reason for the bears.

If I use Drawings Snapping on TOS, price didn't touch that res yet