Cobra's Market View

Rule No. 3452: never short a dull market. Rule No. 234 VIX backwardation, especially over a 3 day weekend, is good for bulls.

SPY 5. Pushing down beneath the pivot.

wishful thinking.

Dow leaders, such as they are.

ES 5. The market does not know what to do.

Got stop out, now you see first 5 handles is a must to take off the table, bulls will not give in today. wait for new buy setup if it will.

Double bottom 60% chances.

''Fred Astaire and Ginger Rogers - Let's Call The Whole Thing Off''

https://www.youtube.com/watch?v=LOILZ_D3aRg

Taking a break. Back later ...

ES resistance it will probably push higher for now it is a wait and see.

my internals charts say no buy. so I am back selling again, stops above 41.

All Three ISEE Option Sentiment Indices = DOWN DOWN DOWN
Treasury Yields Red = DOWN
$TRIN > 1 = DOWN

QQQ SELLING < 229.42
$SPX SELLING < 2,948.25
SPY SELLING < 294.85

Falling Friday Rarity

betting on down channel, with tight stops.

same playbook, half off the table boss.

new LL, I will shoot for overnight low.

The blue represent futures ES, now that they are aligned they can move together up or down intraday. projection is down to test overnight low. will see.

VXX lower high.

Today is second day on a daily LL, bearish, Tuesday market can be up but this is early sign of weakness. look at selling pressure from TRIN.

Let's see 2,910!

what a dull day

5/21 According to the top performing investment newsletters tracked by Hulbert,
these four stocks are tied for being the most recommended right now by those newsletters:
DIS
FDX
IBM
JPM
Hulbert says: “Notice the absence of any of the so-called FAANG stocks that have been leading the market in recent weeks.”