02/17/2026 Live Update

[Cobra]

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Descending triangle? So bias is down?

[Trades w 2 Cats]

Tried to regain Friday VPOC but clearly was just a chance for traders to reload short positions.

[Trades w 2 Cats]

How bad is it? Guess that depends on if we make a lower low. At this time it is looking like we did have a truncated 5th wave and have moved into a large ABC down.But what else can you expect as the Tech stocks said they will go into debt to invest in AI just as it turns from gold to straw.

[Cobra]

Members only update at 10:03 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

6775 seems to be an important level on the daily. It appears we are going to test it this week.

[Cobra]

Very strong rebound, maybe the low was in for today.

[Trades w 2 Cats]

Friday's high volume node is going to tell us soon if it is still resistance.

[Cobra]

Members only update at 12:06 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Pennant for now which usually means continuation so bias is up.

[Cobra]

It's a measured move up, pink area is the 100% text book target which seems testing the last trading day high is possible.

[Cobra]

Generally the pullback should be bought, the only problem is the close is near, so not sure now.

[Cobra]

Members only update at 3:33 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:51 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381