Cobra's Market View

ndx as a leading indicator compared to compq

Here is R2K in a little context.
It is often the first to bottom, as it was the first to move big to the downside a few days ago. It's already higher, up almost 1%

I don't think it's a breakout. It's a top.
ALL other indexes [of different nature like SPX, INDU, RUT] are far weaker below previous highs. ndx, compq are making similar new high tops

This certainly is the right time, first of the month, the right place on the charts, bumping up underneath the broken trendline from march low which was support and might now be resistance, with the perfect shaped candlestick for the end of a rally.

down tomorrow
it's a thursday
retesting the gold line from below this is a one-minute chart
my first successful post &
I'd like to include a thanks to all the great contributors

Yes. Am Here. Kinda Quiet Mostly.