Cobra's Market View

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Could be a Rising Wedge in the forming, which may or may not breakdown eventually, so nothing wrong on the Global ES yet.

The weekly stock picks are here: viewtopic.php?f=10&t=993&p=136634#p136634

members only update starts here: http://www.cobrasmarketview.com/2013/07 ... ay-update/

/YM hourly, continuation or top? measures 100 points

SPX 5m.. top line tagged... fill Friday's interday gap

Bear looks hungry

SPX 15m.

Thanks to Mr. BachNut and Mr. Miyagi for bringing to my attention Boeing's affect on DOW, Friday. I tend to ignore all news, for the most part, but that may be perfectly timed for a market pullback.

SPX 60m.

morning black bar again, next 60 min bar red? $SPY
http://stockcharts.com/public/1684859/c ... /286407830;

10 AM: Short signal update to below 166.89

Long. No change.
Stop moved up to below Friday's low.

My summation index signal is up but looking overbought.
My composite trend indicator signal is up.

Still waiting for Mr. Market to stop me out.
Maybe Mr. T is right though, and "We're never going down again!!!"
Nonetheless, a 1%-3% drop at some point before OPEX would seem in the ordinary course.

possible triangle.. SPX 5m... still too early

Internet not working at home
At McD's

sign from above to forget it?

Sim trade only
just filled

GRRRRRR....

Out of Bounds wrote:Bear looks hungry

kind look like a symmetrical triangle, so the bias is a little bit on the upside. although nowadays triangle seems always mean reversal. let's see.

triangle text book target.

Me XMan wrote:GRRRRRR....

Out of Bounds wrote:Bear looks hungry

Might be a bit lazy too!

This morning’s SPY high = 168.12
SPY double top resistance = 168.18 (5/22) according to stockcharts (I think their “feed” is Thompson Reuters)
SPY double top resistance = 169.07 (5/22) according to freestockcharts (consolidated BATS feed)