02/09/2026 Live Update

[Cobra]

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So far the pullback overnight can be seen as a bull flag so probably will be bought if not already.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

Cash session looking a lot like 3 measured moves up.

[Trades w 2 Cats]

Bigger picture makes today look like a continuation of Friday's move. Also looking like three waves. If this is just short covering well there are some hints as to how deep the retracement can be.

[Trades w 2 Cats]

View since the top. Clearly the low volume node is an obvious target. Waiting to see what happens when it is not a Monday.

[Trades w 2 Cats]

The bottom panel of the first chart I posted has the time per bar on the left side. We are not staying hot and heavy today with the 2,000 tick bars going from 20 seconds to two minutes now while ATR 21 has fallen in half. Goldman said CTA's could sell 30 billion of equities this week, but clearly not today the way things are drying up.

[Cobra]

So far it's an uptrend day. This bull shall have legs.

[Cobra]

Members only update at 12:05 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

I thought for sure this thing was done, but no it had to tag up with 7,000. I guess tomorrow we find out if we are headed to new highs or if this waas just a giant combination of short squeeze with sovereign wealth fund re balancing. Choose your headline, then the market will show you if it cares.

[Cobra]

Members only update at 15:39 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Not looking good but need decisively break the blue line below to confirm double top. Nowadays lots of closes were weak which is a bad sign.

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374