Cobra's Market View

Cash SPX, 61.8% at it again, bears know what it takes to be bearish, not above here.

FOXA 5 min. Some nice, clean moves today.

SPY 5. Sitting on a ledge. Is it going to make a move, or just move quietly from base to base?

Have a good weekend, Everyone. Stay safe.

Why I am Bear52x instead of BullBear52x? look at the $Gap GDP, this market in real term will not and should not be this high. It's right to call it a Covid-19 bubble. employment number also shows the declining, if the shut down continue I don't see how we can have a better number, recession 2.0 is to follow. the universal income or welfare state shows the real growth is not there. the Fed can pump and it will only be good for traders not investors at the end. so....trade is the name of the game in this market, buy and hold will see the pain soon enough.

Double bottom here 50% chances. Break above EMA20 then it'd be 60% chances.

Next sell the rip coupon, last sell for the bears. come2papa.

A penny higher than this will kill the sell.

a closed here or higher will be bullish next trading day. I wouldn't want to hold a bearish position overnight. Way Out of the money call and put combination will pay well next week. option trade is for the suckers. Hahaha. Peace!

Well, it is no longer an inside day, but the real question is will it make an all-time high before the close?

QED wrote:Well, it is no longer an inside day, but the real question is will it make an all-time high before the close?

The way I look at inside day is the first initial bar's range is the controller (main range) the few bars follow has to breakout nice and clean, a failed breakout will retest the range low in a hurry (auction house theory). Just my way of look at thing I am not saying it's right. Have a good weekend all. Peace out!!!

Here is the failed breakout.

Well, guess that's it for today. Here's what Tuesday 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