Cobra's Market View

Swing setup: buy failed, rip will be sold. 1.PNG Intraday: new swing low, bearish bias, now let see where the close is . lower closed will be a major win for bearish TA all the way to a daily trend following to sell. 2.PNG Internals: bearish bias, ($VIX >18) fearful market to continue, surprise will...

There will be no damage to the bulls until new LL closed. we can test that low today but will it closes below?

$CPC on TOS is 1.0063 closed of yesterday.

Stockcharts.com shows $CPC closed at 00, something was totally off and only 36% of SPX stocks were trading above 20 DMA, if only one or two stocks can move the major indices then the AI is really helpful in soft landing for the head lines, internals are getting worst by the day.

JFR wrote: ↑Thu Apr 11, 2024 12:57 pm All is well with me, but I am taking a break from blogging.


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Work life balance! catch the big one!, you need skill to fish, there is no skill in trading, Hahaha

Swing setup: new sell triggered, new box, make or break. Intraday: inside day, no bias, same playbook, as of now it is leaning bullish above 61.8%. Internals: bearish bias. trade well, Peace!

See record high percentage, slippery when wet. PPI save the day from CPI?

$VIX flirting at 16 all morning.
$CPC >1

Fearful market.

Clear skies, no sign of storm anywhere. LOL

Swing setup: last sell was a success, money management, take half off the table, let the other half runs. internals: continue to weaken, momentum are also weak. Fed day, be nimble on day trade. Peace!

Will FOMC save the day? no new LL just yet, bears need to see a close LL to cause significant TA damage, no new LL will signify bears are too weak, consolidation in time (not in price)to continue.

get ready in 5 min. talking heads start. time to make some money until the show time. CPI = no rate cut.

Buying here is like trying to pick up a penny in front of a steamroller.

Market is due for this, look down to 50 MA on cash SPX.

Bonus chart: talking about fear, watch $VIX >16 and above the down trend, once the fear hits the market and the correction taking the place, the pull back to 61.8% is common. prediction? Nahhhhh, it's just a law of probability, just like any TA study.

basic HH, HL, LH, LL is basic must known and understand for basic TA, but it's not as simple to some. 1.PNG Swing setup: no change, need to see clear breakout. bearish bias but LL is needed for a success selling. 2.PNG Intraday: inside day, sideways. no bias, any thing goes, as of now it is on a wea...

I am not a GURU, but if we have LL on daily from last Thursday, this trend following buy dip will fail, and market top will be called out, but that just me, what do I know?

Is this August or January? only price pays with more and more internals seem to be calm be fore the storm.

inside day inside box. Money is on inflation side. interest rate hike is more likely if data driven

Bonus chart: big picture, this is enough of a good run already, time to rest a little, negative D and the Fib fan line.