Cobra's Market View

Gap play, go or no go? gap up/down and go nowhere is common, just to drain out day traders. as of now, it is an early sign of range day, boring , walk the dog day.

AAPL is the strongest among the power houses, in term of "momentum"

Simply trend following.

Market in need of up day tomorrow, or down to test recent low in a hurry. careful tomorrow buyers. sell the rip is on.

Well, back to the down trend program once again.

LH is confirmed. find excuse to sell to continue. Internals: bearish bias. trade well, Peace!

Swing buy setup: new buy triggered, new box, to the moon or to zero this is it. if it fails here it will fail in a grand style. buyers can not relax here, up and up and up only.

This dip will be bought on the swing setup. until this buy fails will bear have a say again. key junction here.

Gap and no go, the next hour if buyers don't step up it will confirm LH from the ATH trend.

Cobra wrote: ↑Tue Apr 23, 2024 12:14 pm Looks like phpbbs 3.3 cannot handle more than 100 visitors at the same time? It's being slow...

early in the morning, I can not open at all, have to wait awhile.

Bonus chart: since we are in no holding position junction, as most seeing it as a dead cat bounce or a lion bounce. on the Fear side of thing, we are still in a fearful market, bulls are not out of the woods just yet, so...this is $VIX overbought sell signal on a main trend of LH area. let see what ...

Swing setup: dip will be bought then we will see if up trend will hold. 1.PNG Intraday: new swing high, bullish bias, see red line if there will be any negative price action. bulls need to keep a close above to maintain a positive price action into tomorrow. 2.PNG Internals: day 3 of excitement, sky...

When are we going to hit the next LH resistance? Elder Impulse System tips, wait until it turns red, for now it is a blue skies, first thing first. the red will come but not now.

Intraday,:Same play book, PMI is in contraction under 50 but only price pays.

today confirm the bullishness, see a bullish cross on $NYHL, will it sustain? remain to be seen, but for now, it is bullish. dips will be bought short term.

Bonus chart: One day doesn't make a trend, the reversal need to be above Friday's high, so far, the $BPSPX is showing a support. an early sign of support is there, will bulls make it out from the hold this time?

Swing setup: last sell failed, now it is bulls turn to make a move from here, dip will be bought. 1.PNG Intraday: inside day, no bias, anything goes, a trade above 61.8% is bullish. be nimble until new swing high is presented. 2.PNG Internals: bullish bias, 2nd day of improving, there is dip buyers ...

Swing sell setup triggered another sell, new box, make or break. stick to what works until it doesn't. Patience, React, and Don't predict.

Day trade made simple, bulls don't want to see LL from here. bears don't want to see HH from here either, but since sellers were on the control, sell first ask question later.

Intraday: inside day anything goes, swing is on the sell setup, intraday is pushing above 61,8%, will see the next sell cycle intraday will tell.