Cobra's Market View

Up 1 week, the next week has 54% chances to close up, 77% chances to make a higher high.

So more up!

High of Friday 563.03 is very near to the .high of 565.16 on July 16.

Also very close to the all-time high of 564.20 on August 30.

Is that enough to satisfy the bulls? Is that enough to trigger the bears?

Could be.

But no collapse. No bear market. No huge pullback, not even to the level of August.

Huge volume on September 11, kicking off the most recent move up.

EMAs 20, 50 and 100 all up, and in the right order.

Sto and MACD very bullish.

There is very large resistance just overhead.

Not the right time to go all-in.

IMO.

Enjoy your weekend.


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Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

From "It is what it is department" I see nothing bearish in a short term, but for bulls to regain the dip buying coupon on a daily setup, I need to see a closed above Friday's closed with a clean positive price action. Swing setup: dip will be bought. Intraday: Friday's action was weak, gapped up and go but can not hold up above mid-day high. exhaustion on the buy side? coming Monday will tell, buyers needs to keep on buying or this could fail here for the bigger time frame. trade well, Peace!

On the economic calendar, boring monday, retail sales on Tuesday may cause some movement before FOMC rate decision on Wednesday. after the FOMC day, Thurdsay will be more exciting day to trade. Turn around Tuesday may not happen this week.

can you trust these datas? this is best we can get for public info. LoL.

Public Service Announcement- add 61 points to your charts !

Market challenging the iron dome. It's all up to the Fed.
History never repeats, but it sure rhymes a lot! (Mark Twain)