Tagged "PC"
Tow cents:
- Chart pattern wise, at least one more push down is more likely, chances are it’d break below the 05/09 lows.
Two cents:
- Today’s low will be revisited at least.
- May see rebound in the next few days.
THE EVIL PLAN:
- The short-term evil plan below illustrated what I mean today’s low will be revisited.
I just found that people may not be fully aware some of Cobra’s Market View major features:
- As soon as there’s an update, we’ll send an email notification to all the subscribers.
Three cents:
- Might be more down ahead in the short-term.
- Chances are little bit higher we’ll see a rebound tomorrow, SPY target $140.01.
Nothing new today:
- Both short-term and intermediate-term trend are clear up.
- The bear’s only hope is the rebound since 03/07 is a typical revisit of the previous high pattern, because usually you Earth people only try the opposite direction after failed twice on the current direction.
Four cents:
- Should see lower low ahead, so if rebound tomorrow without a lower low first then it’s a sell opportunity.
Three cents:
- Might see more pullbacks, but whether bulls should take it seriously depends on if SPX is down first or up first tomorrow morning.
SHORT-TERM: IN WAIT AND SEE MODE
Three cents:
- From indicators or signals we’ve been discussing in the past few days, the top was in.
SHORT-TERM: MAY SEE PULLBACK TOMORROW
I see two very reliable top signals today, however, whether the top was in, we still need a price pattern to confirm. [Read the Rest]
...SHORT-TERM: COULD BE MORE UP AHEAD
Still nothing to say today. The chart pattern is a typical breakout then a successful back test of the breakout point (confirming the breakout), therefore the target could be $135.29 at least. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
For now I cannot say whether today’s rally shows a renewed bull strength or simply is an exhaustion bar, so need see tomorrow or the day after tomorrow for the follow through. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
No new conclusion, let’s wait after tomorrow FOMC. Before that, I’ll temporarily maintain the call made in 01/20 Market Outlook that a bigger correction should be around. [Read the Rest]
...SHORT-TERM: MAY SEE PULLBACK SOON
Maintain the forecast mentioned in 01/20 Market Outlook. One mistake though, FOMC is on Jan 25, not Jan 26, so we might have to wait after Jan 25 2:15pm ET for big moves instead of Jan 26. [Read the Rest]
...SHORT-TERM: MAY SEE PULLBACK SOON
Three cents:
- SPX could close below the Friday’s close within 2 days.
- A bigger correction should be around.
