Cobra's Market View

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Revisiting the previous low, higher low or not, wait and see.

Nothing to say, market acting on court ruling, wait for the dust to clear:

The Supreme Court of the United States has officially ruled that President Trump's tariffs are illegal, in a 6-3 ruling.

Don't think it'd be double top (red arrows) here, I think bias is up, but let's see.

Hmm, it's a double top. This bear shall have legs.

Probably it's a symmetrical triangle or range as triple top has been rare.

I see a volume node at 6,870, we will see what happens soon enough.

VPOC at 6,900. Yesterday options bull bear line was 6,890. Seems like that area is important. So I guess it could be tested again from below.

For now it's a range, assume the blue lines are the high and low.

Its show time.

Range still holds, but if the current pullback cannot go far, the coming rebound probably will break the range 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