Cobra's Market View

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Futures gap up on "trade deal" news. However the pattern still is a rising wedge and near the wedge upper boundary so bulls are not out of the woods yet. I'm not sure whether the market would be disappointed when the “deal details" reveals as it sounds too fast to be true.

Down 1 week, the next week has 59% chances to close up.

0.png DISCLAIMER: The trading log above is meant for myself only which main purpose is to help improving my market sense. My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the pr...

Not a bad looking bear bar so maybe more pullback?

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/chartbook/533449377 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/chartbook/533449377

Need break the blue line above decisively to eliminate the possibility of a range which is bounded by blue lines.

If the current bar ends as a big bull bar (not enough now) then maybe the low was in for today.

Seems a revisit of the day low so let's see whether bulls can make double bottom or higher low.

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...

Didn't see sharp selling before the close coming. Day trading becomes harder nowadays because Trump news can happen at any time. 2.png DISCLAIMER: The trading log above is meant for myself only which main purpose is to help improving my market sense. My blah blah about how the market would go in the...

Doji so maybe a pullback here first after which we'll see.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/chartbook/533449397 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/chartboo...