Cobra's Market View

An obvious retest of the SPX 2600 area seems like a magnet to SPY. It is being drawn to tag it, and then see what happens next. Zweig 'breadth-thrust' level buying interest nearly guarantees the tractor beams will pull price to that level.

That last bump was a point and half ES above the release high and it hasn't held. Looking for a third bounce from the 60 minute Opening Range high ( like the last one) or a fail. Clearly if it takes out the overnight high at ES 2587.25 it will not be good.

And there she rips , trying to bounce on VWAP

VWAP and EMA now at the same place.

from Helene Meisler twitter feed ( the person who keeps graph paper and pencil charts)
Whops, I will try again on the other year.

Looking for another scalp once market figures out both long entry bars have failed.

I am wrong again, found more buyers.

Time to draw a box!

Joe Friday's twitter feed. He says bears must keep price from the red zone and retaking box 1 and two would confirm. He is saying this will resolve by Friday.

Just proves Pasta Boss is one of many who use boxes!

Some Bear Porn found on Twitter:
Hat tip - Kora Reddy

well, guess that's it for today. Thursday tomorrow has been bear friendly recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

2 cracks at 2600
2580 support..not sure if one more crack at it...

There is So clear MACD Divergences in intraday chart,i think it's time to short now!