Cobra's Market View

Here's chart, similarity to '22, but power that be already geared up to weather this one out differently.

Based on my $VIX charts, this rally will not stick as of today's reading. it is still showing topping out. but short term don't have anything to call to, so, will have to stick to what works.

Trades w 2 Cats wrote: ↑Wed May 15, 2024 1:07 pm ES 06-24 (37000 Tick) 2024_05_15 (10_03_05 AM).png
Are we there yet?

New ATH on futures will change all the bearish counts. it will be a miracle for bearish count to hold here and 300 points down from here, but again, can't discount anything these days.

Swing setup: Last buy was a success, time to get the money and position sizing in order, moon time Intraday: new swing high, nothing to see for bears. Internals: bullish bias, there is follow through on yesterday's bull moves. Peace!

understand open range, this is the open range for me, up or down outside will signify the day direction, range day will also be called out if the range get crossed twice. simple as it can get. for now any thing goes for both buy range low or sell the range high, same R/R.

This is the picture of your tax dollar. with 11 cents go to pay the interest. QE that Cobra mentioned will only get more expensive.

Intraday: new swing high, it is bullish bias, so much of supports, but what you do?

Gap play, dip will be bought, Fad action, day trade made simple.

Bonus chart: before a short term trend change, we will have a good few days of volatility, very calm at the moment, no storm, the sky is clear. lets hope for good trend day tomorrow, up or down, not a gap and go no where.

Swing setup: in the buy, trapped in the box. 1.PNG Intraday: another inside day, any thing goes. 2.PNG Internals; bullish bias, CPI, PPI and the dovish Fed is the talks in town. toppie looking to me, on the $VIX side of thing I see a little crack today. let see what the CPI and retail sales will do ...

Swing setup: buy triggered today, new box, make or break. Intraday: inside day, any thing goes. Internals: bullish bias, no follow through for bears if we closed here. lets see how we closed today. Peace!

From It is what it is department" 2x top zone, daily trend following is entering sell the rip zone, stick to what you know, your chart is your only friend. Sell this rip.RSI <70 = sell. bias kills. 1.PNG Negative price/Volume divergence. stock market of only few. 2.PNG Swing trade setup, dip wi...

Swing setup: Last sell failed, dip will be bought, from there, it will tell if the new leg up will be a success or not. Patience, React, Don't predict. (I know it's boring :D ) 1.PNG Intraday: new swing high, it is bullish bias, weak market today, a trade back inside day will indicate a weakness and...

AI attack on Cobra forum, very slow.

Gap play, gap and go or gap and no go, for now it's doesn't look like it will go.

CNBC is now lining up who will be on the show tomorrow, Tom Lee or Peter Schiff.

Bonus chart: why this level is critical to both bulls and bears? retest the first LL break down of all time high. to regain the control bulls will need to charge over this zone. get your pop corns and your favorite beverage out it will be fun here. R/R is favoring the bears atm.

Swing setup: sell triggered, make or break, 2x top here or fail. Intraday: swing high, it is bullish bias, bulls are not ready to fold just yet. Internals: no follow through for bears here, back to bullish again, so.....let see how today's unfold. Peace!

Swing setup: there is change in trend, last buy the dip failed, rip will be sold from here. Intraday: new swing low, it is bearish bia. there is wind of change to the bulls. Internals: bearish bias, let see if there will be a follow through into tomorrow on the reversal. Peace!

Swing buy triggered, new buy new box, make or break. Up and Up and Up from here is needed no failure!