Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

The pullback probably will be bought.

Gap play, Go or no Go?

Last two days, gap up and go but closed weak on both days, today is another gap but no Go, Fed to the rescue or short term top?

Intraday: new swing high, it is bullish bias until 38.2% is taken down, from then I will call it a bearish reversal, a closed under 38.2% will confirm a bearish piercing candle. for now a bounce still and could be.

Could be a head fake or it could be the top. My guess is we will know by Monday Too much going on to feel like there is a clear outcome.

Today's pop up was because the Treasury Secretary is having a dispute with the Fed over supporting the Yen. Can't wait for today's presser with Chair Powell.

A strong rebound like now is just the first step toward a bottom, usually a revisit of the low is needed.

This will be where they separate the man from the boys.

/ES round number 7000

Possible double bottom (green arrows).

A glass ceiling, keep at it bulls it will break, with the fed winds behind your back. HAHA

Swing buy setup is triggered, new buy new box, make or break, first thing first, Fed or no Fed. it's TA and it is what it is.....lets roll the dice shall we?

Sitting on hands is never easy

Calmest Fed day ever. we are going up folks, Peace!

I guess we are waiting for the after hours earnings. Zero comment on the Yen. Fed does exactly what was expected.

Finally calm down, FOMC day usually close weak so probably a pullback before the close.

Blue squares in the third panel are bar range. Barley made it to 9 points.

SPY daily.

Right at the top.

Failed break out.

It will try again.