Cobra's Market View

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Double bottom or not, wait and see.

Gap play at the open, Swing buy fails the way futures are trading.

Gap play, line in the sand.

The drop got us into Monday afternoon consolidation zone. Waiting to see if we test it. Not sure market will test 2026 lows on a Friday. Seems like Mondays are more likely.

Last night it was reported that record retail buying of NVIDIA during the day. A very positive sign for bears when the hot stock shows institutions selling to retail at the top. Defenders pointed out that NVIDIA almost always has a small fall after earnings then moves up to new highs.

The week in one volume profile.Just confirms what we knew, stuck in a rut!

EMA20 now is the bear's last stand for another leg down today.

Intraday: new swing low, it is bearish bias, let see if power that be can push up pass 61.8% as a bullish piercing candle. 38.2% is still a major resistance zone.

Fearful market, gap and no go, so the fighting is hard like the civil war we are in. Hahaha

Ascending triangle, breakout on the upside is more likely.

False initial breakout as usual but if bulls can touch the blue horizontal line again then breakout would be more likely for real. On the other hand, reversal down from here would be a lower high which would favor bears. So key time.

Market still struggling. Doesn’t look like she’s going to fill the gap today.

well, you know where we go from here. Peace!

SPY 10 minutes.

Gap down.

Back up to the EMA 20.

Going nowhere.

Supposedly dealer gamma and options walls indicate 6875 as an important pivot. Others saying if we drop below 6850 it will open the door to the 2026 low. Wait and see if the 'It's Monday" rally crowd can break us out.

Clearly todays soundtrack "Stuck in the Middle With You"

Double bottom or not, need break the blue line above to confirm.

We are back in a zone, question is, is it a supply or demand zone?