Cobra's Market View

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

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.

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

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.

Looking like we could be running out of gas.

Fast chart showing slightly lower high and lower low micro pattern

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

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.

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