Cobra's Market View

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Head and shoulders bottom?

Very bullish open, inside day, any thing goes....

/ES 6700, what a shot up. we are not going down folks. haha

If the current pullback is bought very quickly then it's an uptrend day, until perhaps 2 pm Fed Minutes at least.

The pullback would exceed the pink tinted area?

Exceeded the target so it's a 3 push up therefore generally should be another push up which usually makes a new high then pullback then another push up to make a lower high before the pullback as illustrated by the dashed black lines. But this time, maybe the coming rebound is just a lower high.

Looks like a bull trap, >60% side ways today.

Intraday: New swing high, it is bullish bias, the good news is there is swing high, the bad news is the selling were still strong. let see if 61.8% support holds or back down in the slum again.

SPY 5 minutes.

That is beautiful today. So smooth. Playable.

I am AFK, away from trading keyboard and desk, but do appreciate a beautiful chart.

Now the bull's hope is it's a range and now near the range low therefore a rebound is due.

Swing setup: this dip will be bought. first thing first, new swing high earned bulls a buy coupon.

Almost there, see my algos channel RED line, do or diej for bulls.

Swing setup: new buy, new box, make or break, stick to what works until it doesn't........nice HL if you are TA at heart.

Fed or no Fed, TA will do TA, you do you, Hahaha Peace!

Time to get out of the pool for Fed

After the close, NVIDIA. So you have to ask yourself, are all those calls at 200 long or short positions. If they are long then dealers will not be buying if the algos trigger an up surge.If they are naked specs then in an up surge dealers will add to the buying as they offset their positions because they are the ones who sold the calls.

Considering all the ink that is being spilled this better be epic after hours action.

Fed minutes not good for rate cuts according to NY Times, as reflected in price.

As we wait for the after hours showthis is a rough count. Those fibs are for a wave C from an A.