Cobra's Market View

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The pullback is 4 legged, doesn't go far, big overlap, so not a real bear?

Mind the trends.... SPX.. USD falling sharply... be careful today...

ES Update:

Tested the 2094 daily 50sma overnight, first try stick saved. Now price at retest of resistance zone.
Stick save continuation up or just a bear re-entry zone and lower low we go? This morning is fairly important, we shall know very quickly.
Hopefully, it's not a small range day to trap more complacent traders, that would be very boring.

Bear: 2094- > 2080
Bull: 2112 - > 2115 -> 2117

Don't get trapped and be mad today boys

SPX 15m /SPY 15m

Big UP move on EURUSD : +2% today
Dax is about to crack on the downside . Please SPX help !!

NQ Update:

NQ still trading inside the hourly channel. Sticksaved overnight at support line just like ES

DXY/ USD ... gold lags.. .something to watch today..

take out red look out below... put your seat belts on... SPY daily

fehro wrote:take out red look out below... put your seat belts on... SPY daily

SPX trying to fill gap.. VIX into resistance.. possible support a tad lower..

INDEX days... SPX into 50d.. may hedge a small long here..

USD/ into support of sorts.. cover all USD shorts from yesterday

Unique wrote:ES Update:

Tested the 2094 daily 50sma overnight, first try stick saved. Now price at retest of resistance zone.
Stick save continuation up or just a bear re-entry zone and lower low we go? This morning is fairly important, we shall know very quickly.
Hopefully, it's not a small range day to trap more complacent traders, that would be very boring.

Bear: 2094- > 2080
Bull: 2112 - > 2115 -> 2117

Don't get trapped and be mad today boys

Looks like a first try SPY double bottom so far, see if bears reject heavily at 5m 8ema/20ema. The hourly candlestick close should be telling as well, in 3 minutes
Remember, it's in a tight price channel until it isn't. Breakout/breakdown didn't happen yet. Trap day?

TSLA just retraced 100% of the opening 15m bar, lol weak bear

Unique wrote:

Unique wrote:ES Update:

Tested the 2094 daily 50sma overnight, first try stick saved. Now price at retest of resistance zone.
Stick save continuation up or just a bear re-entry zone and lower low we go? This morning is fairly important, we shall know very quickly.
Hopefully, it's not a small range day to trap more complacent traders, that would be very boring.

Bear: 2094- > 2080
Bull: 2112 - > 2115 -> 2117

Don't get trapped and be mad today boys

Looks like a first try SPY double bottom so far, see if bears reject heavily at 5m 8ema/20ema. The hourly candlestick close should be telling as well, in 3 minutes
Remember, it's in a tight price channel until it isn't. Breakout/breakdown didn't happen yet. Trap day?

tight channel, yes, could slip quick, watchin those 50mas...

SPX into resistance.. sold portion of long hedges..

Buy the morning dip is the new motto for past 4 sessions. Rinse and repeat. Done for the day

For SPY: see if hourly sticksave continuation 2nd leg up in the afternoon, or it's a bear re-entry rejection at 20ema/200sma.
BTW, SPY becoming a descending triangle on hourly?
Still stuck in channel range. Good luck, don't get trapped in another shake day, respect the miracle sticksaves of capital injection by bots

fib info. looks like another boring day.

SPX .. trying a short here.. looking for a lower LOD..