Cobra's Market View

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Must be someone said something. This is a classical bear market behavior: Based on someone said something the market goes sharply up or down.

I am expecting a dead cat bounce based on oversold and high volume, but not overnight without me, LOL

Swing setup: this rip will be sold. first thing first.

SPY 5 minutes.

Crazy world. Crazy chart.

Includes some pbars.

Huge opening candle.

Excitement over. Then nada.

How it looks on a 1 minute chart, extended hours.

Craziness at 600 o'clock.

2000 tick bars have slowed down to 1 and a half minutes but ATR is still way up there. I note that a linear regression channel goes right up to 6700 and stops.

SPY 5 minutrs.

Gap and go.

Maybe the pullback will reach EMA20 this time, still likely it'd be bought though.

New sell, new box. make or break!

it's about Location, said the realtor.

Knock three times, looking like the morning high is in if the Bulls don't get back to work soon!

Intraday: new swing high, it is bullish bias, da bears need to see a trade and closed below 38.2% or chop chop we go. Peace!

Bouncing on the cash open. Get your popcorn, it is show time!

Maybe this bear shall have legs..

Walt Deamer posted on X that at 10:30 Eastern we were at an 85% up day. Clearly going to be less than that by the close unless some new thrilling to the market news comes out.

SPY 5 minutes.

Gap up.

Bears wake up, and push down hard.

Slight edge to the bears.

Price is riding the EMA 20.

It is the bulls turn, if they are not too scared.

My tick charts are at one and a half minute bars. nothing but wicks and tails for last half hour. So market is very much coiling. Price Action rule is that consolidation is usually a pause, not a change in direction, so I also vote for the bears at this point.

Overlayed my 15 minute equivalent with several days volume. My it does tell a story. Not really clear who is in control. Bulls have big uphill to get out of last weeks range.