Cobra's Market View

testing, trying to creat a weekend update

"It is what it is Department" try again here. Are we there yet? yes, in buy the dip zone on a daily trend following setup.(RSI >30 = trigger) this could stay down and embeded under 30 for awhile. Price action over the week: if I am not sure and confused, X it out. life is hard as is, why make things more complicated to yourself? keep it simple. Swing setup: last sell failed, dip will be bought. bulls earned a buy dip coupon. Intraday: new swing low, it is bearish bias, the hammer price action is the talk in town. yes, we have a postive price action. for me to go fully bullish on it, it must have a piercing up above 61.8% on Friday whick was not. so, bulls need to to push this up from the get go on Monday or we are back in the slum once again. gap and go....Up Up up up...nothing less. trade well, Peace!

Range to reckon with in the week to come. simplify! long wicks supports and resitances look. Sellers at the top, buyers at the bottom, pigs in between.

SPY daily.

Hmm. Not good.

7 day pullback.

Down through the EMA 20.

Touch down to the EMA 50.

This trader has not, and will not check economics, reports, gurus, etc. Maybe later.

But, after the profit taking, short speculating, and no doubt some fear of heights, the bigs will look for places to park their considerable wealth. Stocks of course. Mag 7? I would not. I would buy value. Diversify of course. And shorter holding periods. Is short selling immoral? Ha ha. Nah, it is a normal market adjustment imo.

Opportunity knocks, if you can put a stake together.

Is that a pep talk? Nah, just my read, as a disloyal stock picker.

By the way, you did it, BnB.24.7. Well done.