Cobra's Market View

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3 push up then double top so a pullback is due? Roller coaster show at 2 pm, don't forget.

Rejection at all time high is clear, yesterday's HOD is key pivot for day trade today, Oh, the roller coaster day. enjoy the ride.....

inside day open, anything goes....quick ins/outs.

Probably breakdown is more likely instead of a double bottom here as it looks more like a descending triangle.

>80% chance range day until the FOMC minutes. good luck all, see you next week. Peace!

Chart for the road: on the interest rate decision day like today, it's time to review your bond and interest rate holy grill charts. with this chart I have here, all are well, $SPX:$UST ratio chart, bulls has no worries until a bearish crossed. for now future is bright we need to wear shads.......

Possible double bottom. The problem is, only 13 min to roller coaster show so may not up much, would still in a range.

Well, I was taking a nap then I saw this bar so now I grabbed a bag of popcorn and sit in front of the screen, I mean screenssss.

Pre Fed media was all sure thing they will cut, have no choice. Well that didn't end well. Powell saying serious dissent for the first time. Betting odds on a December cut are dropping .

Back in the day Forbes had all their columnists do an annual forecast. I remember Ken Fisher writing that they looked at all the major Wall Street forecasts first because none of them were ever right. Bob Farrel has one of his 10 rules talking about when everyone agrees on what will happen, the market will do something else. Ha Ha

Presser has ended

SPY 5 minutes.

Aiyahh. Bunch of jumpy, panicky guys.

But ya have to pay attention. Like living next to a river, which I do not.

Riding the rapids.

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387