Cobra's Market View

Not buying in until the MA lines actually cross. Got burned in yesterday's sell off, so I need to follow the indicators today!! LOL!

Can't keep a sustained break....

Need the smalls to push through this resistance...

Smalls up and Tech down today.....

Watching two support lines on the SPX today...

Over the weekend, please take a moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

while the Q's are going straight up!!

8 day chart of smalls, big pullback today....

Tech up / Smalls down...

Nice little jump at 8:30....

The annual core consumer price inflation rate in the United States, which excludes volatile items such as food and energy, fell to 4.8% in June 2023, the lowest since October 2021, from 5.3% in the prior month and below market expectations of 5%. On a monthly basis, core consumer prices rose by 0.2%...

We got our upper touch. Will we fall back to the bottom???

Watching this diagonal. Can SPX get up to 4428 to touch the upper rail and then fall again???

Semi's again. Busted the diagonal line, now testing the upper parallel line....

3x Semi's ran into some resistance....

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

There's the break....

Will it bust one of these today....

Currently smalls are way overbought, with RSI14 at 73+....

Smalls. Broke trendline, came back and tested it, and now it looks like they're off to the races....