Cobra's Market View

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Strong rebound but may miss a higher low for a solid bottom.

Still hold on the upper level of consolidation. so, life is good, got to wear shades.

Intraday: inside day, day two, indecision. anything goes....

Maybe a pause for now. Should be lots of resistance in this consolidation band.

7000 /ES battle

This bull shall have legs.

And bam! Just like that we hit the level they wanted and we stop cold.

So are we watching the ES become the derivative because the options are now the market?
I expect the chattering class will write extensively about what happened over this weekend.

I don't think it'd be a double top (red arrows) here as the pattern mostly fails, but let's see.

Bull market is to continue the way we are right now, all dips were only to be bought so far and here, the buy side are lining up. sell GOLD and SILVER and buy stocks.

Fear? what fear? back at the border line, new all time high is only a step away, a new breakout will be another fireworks. be nimble Bulls or Bears. good for day trade R/R.

This is weaker than I expected for a breakout setup. weak sauce I would say?

This market is tasting like Bubblelicious like gold and silver, one day it will wake up with a big hair cut.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

SPY 5 minutes

Bullish day for stocks.

Warsh getting some good reviews.

How long until Trump shoots at his own choice for the job?