Cobra's Market View

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Generally the rebound overnight should be sold, a double bottom is needed for a solid bottom.

Inside day, at the lower side of fibbo. leaning bearish for dirrectional. each day is a random for me.

VIX option expiration today. I don't understand it but they are saying it could be a big deal as it may lead to significant increase in volatility.

Take a break, this is when things getting really good for day trade.

Gap support area, this is where the buyers should step in.

Down continues. the RED line atm. this red line will continue to move lower until the lady shows up.

No sharp rebound in the next couple of bars then it's a down trend day.

If I have a crystal ball, it will yell at me, "have you seen the light at the end of the tunnel there?"

Well the balance area is very much in the rear view mirror. It does have that large rounded top profile. However, Jay Powell could turn this around in 60 seconds on Friday. The upcoming largest negative revision to employment data in 15 years will be hard for him to ignore.

The ai should be a one click from CEO/business owners on every Friday to report the number of hired and fired employee(s). for now the ai bubble need to pop first. Haha

Crown reversal if any? the pull back to touch the red line or lower to create HL. then the good buy setup will be in placed. trade well. Peace!

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Tight view of today. Pretty clear that so far that 87 area is line in the sand.

Got the higher high. Also see the target up there.
Supposedly Goldman and other big houses saying it is retail buying driving this bounce.

JP Morgan saying Jackson Hole is a non-event. Guess that means NVIDIA, BLS and Ukraine for catalysts.

Maybe another push up to make a 3 push up before a pullback.

3rd push up as expected. Here's the general pattern thereafter.