Cobra's Market View

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The initial breakout failed as always, now trying the 2nd time, if made the breakout then likely it'd be for real.

Gap and no go, the next hour if buyers don't step up it will confirm LH from the ATH trend.

This dip will be bought on the swing setup. until this buy fails will bear have a say again. key junction here.

This bear shall have legs and it's a downtrend day so far.

Swing buy setup: new buy triggered, new box, to the moon or to zero this is it. if it fails here it will fail in a grand style. buyers can not relax here, up and up and up only.

So much for "we will make money next year" saving the market with cheep cars. If promising to buy a bunch of AI chips couldn't keep things moving up then the three big ones reporting today and tomorrow haven't got a chance unless they are actually making more money.

Enough ranting about management trends

Point being we got sucked down to a low volume node. Thinking we just hover between high volume nodes until earnings news breaks.

Well, back to the down trend program once again.

LH is confirmed. find excuse to sell to continue. Internals: bearish bias. trade well, Peace!

Looking like they are spending the lunch hour filling in the low volume node.

Finally a channel breakout. But traders dynamic looks overbought so maybe we drift sideways.

Maybe the low was in. Sometimes it'll revisit the low a little bit before up and up though (dashed blue lines).

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387