Cobra's Market View

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Lower high or not, wait and see.

SPY 5 minutes.

Choppy action.

But the bulls push on.

MarketWatch says it is a thin market, with AI dominating.

Paul Tudor Jones warns of market crash.

The pullback probably will be bought again.

Public Service Announcement
Month options expire 15th
NVIDIA reports on the 20th.

Well the reversal was obvious but the distance was not. I guessed back to VWAP but that did not make a difference. Retested it from below now looking for that low volume node for a second bounce.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374