Cobra's Market View

Swing setup; no change, rip will be sold. Intraday: new swing low, it is bearish bias, boring consolidation after a big sell off overall. Internals: bearish bias. nothing much until the big guy speaks? Fed boss speaking. peace!

Bonus chart: NVDA the Mega stock, LH was confirmed, new LL from here will really put in the top of sort.

Swing setup: new sell new box, make or break.
Intraday: inside day, anything goes, for now leaning bearish under 38.2%. Internals: bearish bias. weakies, Peace!

Stick to what works

this is how I start the day, entering sell the rip on swing setup.

50 DMA bounce, inside day, will see how today unfold, boring Monday, very calm after Iran bombing weekend. war is good.

From: " It is what it is department" This week sell off was the strongest for the year in term of TA internals and momentum. Daily trend following buy setup failed at the closed of Friday. 1.PNG Fearful market, $VIX continues its moving up, black swan event could pop out of no where, know ...

Bonus chart: This type of $VIX is no friend to diamond hands.

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.