Back to www.cobrasmarketview.com |
08/09/2025 Weekend Update
08/09/2025 Weekend Update
UP 1 week, the next week has 54% chances to close up, 77% chances to make a higher high.
So more up.
So more up.
Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 08/09/2025 Weekend Update
Over the weekend, please take a little time to vote for Cobra (several times!), thanks: https://stockcharts.com/public/1684859/ ... /533449377
This is not investment or trade advice.
Re: 08/09/2025 Weekend Update
SPY daily.
Trend is still up, barely.
Very strong resistance just above.
Big volume on the dip. Profit taking. Some dedicated bears.
It needs a breakout of course.
It cannot go up forever, can it?
Trend is still up, barely.
Very strong resistance just above.
Big volume on the dip. Profit taking. Some dedicated bears.
It needs a breakout of course.
It cannot go up forever, can it?
Charts posted are not recommendations. They are just a sharing of information.
-
BullBear52x
- Posts: 32049
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 08/09/2025 Weekend Update
"It is what it is department" Momentum and price action are good, fearless and calm, BUT.....someone is sneaking out from the back door. buyers be warned. individual investors are bearish, this tells me that the liquidities are drying up until they show up again.
Swing setup: dip will be bought, the melt up on Friday were good enough for bulls to earn a buy dip coupon.
Intraday: new swing high it is bullish bias, again this could change on a dime. let the Fibbo be the guide, I can't be bearish until we trade under and closed under 38.2%. Trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.