Cobra's Market View

The market is taking a pause today so it can go either up or down from here but still I don't expect a double top here (red arrows), breakout on the upside should be more likely in the coming days.

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

I got introduced to ChatGPT a few weeks ago. It is amazing.

I've tested it with Economics questions, sports, movies, literature, stocks, options, etc.

It is very good with data. I tried it with chess, and it failed. Ha ha. The friend that introduced me to it has promised me he would try to build an AI app like ChatGPT that would be very useful for chess.

So now there is a ChatGPT browser, but just for Mac so far.

I am sure I will use it when it gets to Windows.

Of course I am wondering if it will be able to read and properly interpret a stock chart.

"ChatGPT, please interpret the MACD and the Stochastic on this chart." Et cetera.

https://openai.com/index/introducing-chatgpt-atlas/