Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

Higher low or not, wait and see. Looks not bad for now.

SPY 5 minutes.

Up and up in the pre-market.

''Hope springs eternal'' -- Alexander Pope. I expect the bears to show up.

Another pbar prints.

Inside day, anything goes, be nimble.

This rip will be sold, first thing first then the bulls can have a say.
swing setup:

New sell new box, make or break.

Intraday: inside side day, inside the no man's land. be nimble.

SPY 5 minutes.

Yup, the bears showed up.

/ES, my low target is at 6657.5 anything lower will be a buy zone on oversold conditions of bigger time frame. unless market crash. so, buy or sell will be tight. something like this?

Let's see whether bulls can make a double bottom here.

Very orderly. Easy distance to tag ON Low and turn around. Reachable distance to the 2026 low. Bulls need some positive spark to make sure we have a buy the dip Monday, again. At some point they will run out of retail and the managed trading accounts that all sell below the 200 day average will bring us down.

Are we there yet?

Don't need to look at options data when we are stuck at 6,650. Friday means weekly options go away so market makers have more reasons to pin price.

Text book outside in. Four R range. R always equals 21n ATR in my world.

Trading bottom.

W= win

Add another rotation- Can we call this coiling?

This is a rough 2x bottom, it's Friday, do or die for bulls. Peace!

Don't know whether the rebound means the low was in or not. If there's a higher low as illustrated by dashed blue line then chances would be greater.