Cobra's Market View

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Not a strong rebound so bulls are not out of the woods yet, still better chances (say, 51%) of a lower high in the making.

SPY 5 minutes.

Range activity.

SPY 60 minutes.

Drifting sideways and downward.

Kind of a south easter.

Gap play, we are never going down again. LOL

Looking to test ON low.

It's a morning hourly filled black bar

Rebound is struggling. Lots of overlap. Not seeing conviction from the bulls but the bears are slowly giving up ground. Could be a slow day if nothing changes.

HPQ 5 minutes.

An early riser.

A chance of sideway is >60%

Possible measured move down.

Possible exhaustion bar so maybe a rebound here first but this bear shall have legs. Someone said something?

It's fearful market, bears are still in a cruise control. no hand, auto drive.

Top wicks rejection zone is clear, until then will the bulls got a say. overnight high all night only to lose everything back real time hours. weak sauce. lots work for bulls yet, Peace!

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387