02/06/2026 Live Update

[Cobra]

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

[Trades w 2 Cats]

Point of reference. Dead Kitty on Feb 2 was around 130 points, Today we are at 148 so far. Feb 2 bounce was an opportunity to reload shorts as there was no solid retest of the low.If this goes the same then I am going to read up on waterfall crashes.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

In my opinion this qualifies as a rip your face off rally, the reason bear markets are really hard for most to trade.

[Cobra]

Members only update at 12:06 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Rising wedge so far so maybe a pullback is due soon. So far it's an uptrend day so the pullback probably will be bought.

[Trades w 2 Cats]

Looking like we could be running out of gas.

[Trades w 2 Cats]

Fast chart showing slightly lower high and lower low micro pattern

[Trades w 2 Cats]

15 minute cash trading hours shows why we are stalled out. Guess we will see what Monday brings.

[Trades w 2 Cats]

An hour later we get a higher high, sort of. Looking like we really did hit a ceiling. Unleash the algos if we are going to go higher.

[Cobra]

Members only update at 3:48 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

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