Cobra's Market View

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Falling wedge breakout so maybe the low was in. Sometimes there might be a revisit to make a higher low though.

Swing setup: new sell, new box. this makes it easy to see. make or break.

Got everything for Santa to show up. just go up and up and up from today.

Broke the yesterday's low, let's see whether it's a classical breakdown then reversal up. I think this bear shall have legs though.

No Santa this year kids.

Bulls lost the battle for 6810, now fighting to survive 6,800. Guess we will see if it is just a stop hunt or is Oracle taking the AI complex (and the marrket) down.

Are we there yet? see algos line there for YES or NO

There's light at the end of the tunnel. my crystal ball calling for the bottom for the day. Peace!

On that last drop of 18 points my essentially 1 minute bars had no up bars. I have no idea who is defending 6793.50 but they are no longer getting help on the way down.

First touch of 6793.50 from below held. Waiting for the next move either way. My regession levels and Zero Lag MA cross over are all neutral

SLV

Breakout. For the ultra cautious, wait for a pause/pullback and resumption.

Not recommending, but to have some in your portfolio would be good for those who trade with technical analysis.

OK pretty much a recommendation.

I will be back in a few days.

SPY 5 minutes.

Sliding down the slope. Trying to form a bottom.

2nd touch of 6793.5 from below, 30 minutes later, however the low of 6783.5 has only been tested twice. Waiting to see if the algos lift put of danger going into the close.

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