Cobra's Market View

0.png A rare down from open to close day. 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,...

Good looking bear bar today but it'd mean nothing if no strong bear follow through tomorrow. In the past, absolutely there'd be no follow through but this time, I don't know. Guess all depends on what Fed says or more precisely what the market wants to understand what Fed says.

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

So far went as expected. The current drop shouldn't make a decisive new low otherwise the whole pattern will have to restart from the start.

The general bottom pattern in our current case.

Revisit the day low again, watch for possible double bottom as so far looks like a range day (FOMC tomorrow, remember?).

It's a morning hourly hollow red

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2.png Just a range day. 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 speaki...

Don't know today's doji means continuation or reversal, need see tomorrow. FOMC on Wednesday so may have no direction until then.

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

The pullback probably will be bought, it's just a range day so several up and downs, no biggy.

Double top?