Cobra's Market View

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Seems a head and shoulders top here. All depend on the non farm payroll report at 8:30 am though.

SPY 5 minutes.

Aiyahh. Down she goes.

Bears selling hard.

Gap play, -1.2% at the open, net short overnight. lets go traders!

Mechanical support area.

SPY 5 minutes.

Trying to find a bottom.

Up to the EMA 20, where it will meet some resistance.

Do or die for da bulls.

Do I see a double bottom? Or is it just a mirage to lure in a few more bulls to the slaughter. Next week should show us.

Not exactly a raging bull

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

Slicing through my conjestion zones like a hot knife through butter. Bulls need to wake up pretty soon or it could get ugly!

Gap play: Go or No go? this is it. intraday, new swing low it is bearish bias.

SPY 5 minutes.

Snagged by the EMA 20.

Now in a range.

support holds, next.....nothing to see here. it's Friday. Peace!

Look at the daily candle, if you are a bull, you will be shaking with excitement that almost pee your pants. LOL
Two long wicks of support candles. Bears will have no chance until we trade under that. keep it simple.

Consolidating here instead of a pullback then breakout would be more likely.

I leave for a couple of hours and nothing happened.

Looking at 6,780 it looks like a really important level to some group. Very interested in seeing where we close Monday, above or below.