Cobra's Market View

3.png A rare FOMC day that was up first then reversed down. DISCLAIMER: The trading log above is meant for myself only which main purpose is to help improving my market sense. My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to fo...

It's arguably a good bear follow through because it's not a red bar with big body instead it has a long upper shadow which according to my experiences should not be counted as a good bear bar. But this time, let me go against my experiences again to count it as a good follow through therefore probab...

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/chartbook/533449387 Thank you guys, I'll see you in another thread soon. Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/chartb...

This is not what I meant the FOMC day usually closes weak, the close is much weaker than I expected.

So up as I said. The FOMC day usually closes a little weaker though so maybe a pullback of some kind before the close.

Show time. Seems the market wants to go up!

The bottom line has been tested many times so a breakdown is more likely now.

Nothing to say, it's in a range, waiting for the 2pm roller coaster show I guess.

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0.png A rare down from open to close day. DISCLAIMER: The trading log above is meant for myself only which main purpose is to help improving my market sense. My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market,...

Good looking bear bar today but it'd mean nothing if no strong bear follow through tomorrow. In the past, absolutely there'd be no follow through but this time, I don't know. Guess all depends on what Fed says or more precisely what the market wants to understand what Fed says.

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/chartbook/533449381 Thank you guys, I'll see you in another thread soon. Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/chart...

So far went as expected. The current drop shouldn't make a decisive new low otherwise the whole pattern will have to restart from the start.

The general bottom pattern in our current case.