Cobra's Market View

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The pullback overnight probably will be bought.

Another gap play....future is so bright, you got to wear shades.

Good starts for bears, lets see, lots of suport down below until 38.2% were taking out. same playbook different day.

Looks like we could be moving in on a gap close. Euphoria over a .5 rate cut or realization that we are in a stagflation recession. Waiting for all those really smart people working retail news to tell us which it is. Oh, wait AI is going to save the economy by eliminating the middle class.

I moved the volume profile to thee right side. That is six weeks of action. Only question now is how deep into the range do we go.

This bear shall have legs.

Looking for VPOC for the 6 week or back to 6474 for like the 25th time. That has to be Goldman's magic number. Ha Ha

A closed under 38.2% will be a mother of reversal, bearish piercing candle.

So today the volume profile has sort of worked. Supposedly dealer Gamma is dampening volatility at these levels. Wondering what it would have been with negative gamma.

2nd overlapping in daily candles. will we heading back to retest the range low? this Red line on price action is do or die for bulls. have a great one. Peace!

EMA20 is the bear's last stand. Should be another leg down so probably the rebound would end around here.

It seems bulls not so easy to go down without a fight?

Maybe the low was in?

Well the count looks like a positive Monday will get us moving to that 3 of 5

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377