Cobra's Market View

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Lower high (red arrow) or not, wait and see.

Inside day, anything goes. under 38.2% i am leaning bearish.

Here we are, once again. Clearly there is some sort of option wall at 6975.

Monday we trade without the Gamma because today is monthly expiration. So bigger volatility.

This bear shall have legs.

Looking good but it's just the very first step toward a bottom, generally a revisit is required.

Black swan candle zone. LOL. the support were strong at the pivot line. It's Friday, 3 days weekend. Peace!

Not looking good. Another strong bear bar then the high might be in. Key time.

SPY daily.

No man's land.

Near enough to the top to be drawn there.

But heavy resistance ovoverhead.

Trend is still up.

It is forming a bullish hammer, opening high, testing low, finishing back towards the high.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377

Clearly ending in a small triangle, so either up or down is yet to be determined. On Monday I think the big boys will not be so active as they will nave a month before we do expiration again.

SPY daily.

No man's land.

Near enough to the top to be drawn there.

But heavy resistance overhead.

Trend is still up.

It is forming a bullish hammer, opening high, testing low, finishing back towards the high.


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