Cobra's Market View Private Messaging System shows:
SHORT-TERM: IN WAIT AND SEE MODE
For now, despite the market down lot in AH, I think at least there’s one more push up left. The excuse is the law of inertia, a strong push up like what happened in the last few days normally won’t fail right away, usually today’s high will be revisited. Besides, see today’s Trading Signals, tomorrow is so called bullish Thursday. Again, I’ve been introducing patterns recently which I tried very hard to avoid in the past as it may be considered not objective, however since I introduced the intra-day comment, those who read a lot should now know that patterns are very effective in predicting the market movements. That said, patterns are not always correct, the real master is the market itself, so if sharp down tomorrow morning, I’d be on the bear side, period.
INTERMEDIATE-TERM: STATISTICALLY BEARISH FOR THE NEXT WEEK
See 06/03 Market Outlook for more details.
SEASONALITY: BEARISH NEXT WEEK
Also see 06/01 Market Outlook for June day to day seasonality.
ACTIVE BULLISH SIGNALS:
8.1.5 Normalized CPCE : Too high, so bottomed? 06/17 Market Outlook : Net % of all Sentimentrader ’s Indicators at Extreme is very bullish.
ACTIVE BEARISH SIGNALS:
ACTIVE BULLISH OUTLOOKS:
- 09/27 Market Recap: 9 POMO within 20 trading days means 14%+ up in 3 months.
06/10 Market Outlook : 75% to 81% chances a green next week.
ACTIVE BEARISH OUTLOOKS:
- 06/03 Market Outlook: IWM weekly Bearish Engulfing and SPY down 5 consecutive weeks were bearish for the next 3 weeks.
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST: