Cobra's Market View

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The pullback overnight for now looks like a bull flag so bias is up.

Who let the dogs out? yesterday started the day like range day and boring Monday, as soon as I went out thinking it's not going to do anything, boom up it went. missing all the easy run up. lets hope for more crazies today.

More up or fail here.

Looking at the economy data released and Fed rate cut expectation. something is not right.

If bulls are able to touch the blue line then breakout would be more likely.

Morning bears fails to push down, next dip on MA support will tell if there will be an up trend day or just a sideways consolidation.

Buy support is too weak, sideways to down is back.

Swing setup: dips will be bought. same playbook.

Intraday: New swing high, it is bullish bias, there should be a good support around 61.8%, so far there is a negative price action, it will not be look above and failed until we trade under 38.2%. let see how support at 61.8%?

Internals: it is bearish bias, the sellers are roaming again, let see how today's closed. Peace!

Not sure whether it's a double bottom here (green arrow) therefore the low was in.

Intraday trade made simple. if I am bullish this line in the sand and HL must hold or a negative price action to continue. don't want until LL to know, it will be too late for my taste. peace out!

Possible Cup with handle so breakout is more likely.

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

Server issue on Tuesday.

SPY daily.

A doji.

Many positive indicators.

SPY 60 minutes.

Trading range.

No progress.