Cobra's Market View

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Lower high or not, wait and see.

This bear shall have legs.

I have Thursday's VPOC at 7,533.50, so the decent should be slowing.

Sure looks like trade of the day. Complete reversal of Friday Globex and Hurray its Monday action in the Opening Range.

SPY 5 minutes.

Crash. Boom. Bah. Down she goes.

Searching for a bottom.

tagging regular hours VWAP at 7554, first test of the bulls.

Possible double bottom (green arrows) but probably still need a higher low (dashed blue line) for a solid bottom.

Converging on a single point.

Breakout on the upside should be more likely.

Dropped like a rock for the second time today. Dealers harvesting retail 0 DTE premium in 5 minutes ?

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381