Cobra's Market View

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Maybe bias is down.

I see a major change in a trend. ADX is in full bearish moods. Historical support is about to fail, a gap down( gap and go) and trade down will really put the heat on today's trade. Bulls need to see a support here or down we go......

ONLY Price Pays!

Swing setup: sell, new box, make or break. Intraday: swing low continues. Bearish it is....

Here we go, one way or the other

This bear shall have legs. So far it's a downtrend day.

Looking for a flush to end this run, nothing yet.

Looking in the rear view mirror for where support was. Looks like there isn't much. Guessing the options market makers are having to sell the market to satisfy risk management.

Once people sell everything but a kitchen sink than it's time to buy. the old man once said. blood on the street.

If this keeps up everybody will be writing about 50 day moving average. Already seeing infomercials for the great sell off and I called the top, along with great opportunity to buy the bitcoin dip,

Another historic support line to watch out to.

possible bottom here for today.

Intraday: new swing low, it is bearish bias, top algo channel will tell if the bottom should be in. Peace!

Looking good, but generally a revisit is needed for a bottom as illustrated by dashed blue lines so probably not yet.

Pretty obvious we have a B profile for today. So this bounce should get us into the upper distribution. Real question is when do they as in Goldman's buy back desk start propping up the Mag 7, Can;t imagine they want this big red candle for the weekend 401 K crowd to see.

Market going with Cobra's plan. Reversed at VPOC setting up the test of the low. Pretty clear that VWAP isn't doing anything today except being a random line on the chart.

It's a classical reversal. Does it mean the low was in? Well, maybe, I don't know. Decisively exceeds the 100% measured move target (pink area) without any pullback may convince me.

Well shut my mouth!
Stalling at VWAP. VPOC is below, clearly ready to move into the upper profile.

Looking good, the rebound shall have legs if not the low was in for today.