Cobra's Market View

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Double top or not, wait and see.

Smash Elito pointed out the upper and lower levels on his free blog this morning. Have to agree that the market is not finding acceptance above 95.

No new all time high today, so far. Looking for market moving news and it isn't happening. Maybe we are stuck in the trading range until jobs Friday at the end of next week

Slow motion trying to break out. I was wrong to think it would be easy to reach the all time high.The last five points are very much defended.

The pullback could prove it's just a range day, now seeking range low, will rebound back to test range high.

Testing day high, if indeed it's a range day then should be a pullback soon.

Well, now there is something for the newsletter writers to speculate on. Real question is which of many support resistance areas will hold after the failed break out. Or maybe market is just pulling back looking for more buy the top types. In any event, should not be many short positions left open after that spike.

Looking a little wedgie to me

Maybe it's a 3 push up which if indeed then a pullback should be due around here.

Steady push up, forget about 3 push up, this bull shall have legs.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397