Cobra's Market View

This at the point where people want out and there are no buyers even for a dead cat bounce. Aka catching a falling knife.

4800 for a bounce. stronger support at 4200. Stronger support still at 3600. GL!

Sure thing TSF. I rarely play the casino these days too busy working.
Just remember its worth what you paid for it

This is the 2008 repeat chart, which is still bullish if the sma holds! ie 2500

This is the 2003 repeat chart, which is still bullish if the sma holds! ie 3500

jademann, In the past, from time to time, you used to post your observations in a yearly chart with a MA Envelope(5,25 ema) For your reference: http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=5103 If possible, could you please provide an update? THANK YOU. Hey TSF, unfortunately yahoo no lo...

bulls, please kiss the 50dma goodbye next week. you managed it in mar 2022.
https://schrts.co/KbGKDSZb

Monday might not be so good:
https://schrts.co/yKIMbMwE

what just happened?

picked up a small quantity of SPXU near the highs today

I think they want to hand over to Trump at S@P=6000.
After that it is all on him.

Will VIX=23 hold? We should at least get there.

crazy economy, I remember Bush jr explaining why the market went down every day for 18 months when he took office..

I still think it is time for a reset. Perhaps here at the 200 weekly:
https://schrts.co/EtZPpeeV

BB when you say follow the trend do you mean bearish or bullish trend. Or perhaps it depends on timescale. FWIW I expect VIX to remain here and maybe touch test blue line at some point in the next day of two. I think we will see bearish SPY and higher extended volatility until the election is decide...

Just for fun I asked copilot what is a fair price for SP500 based on historical pe. It said 3459. Have a go its fun.

Closer to top than the bottom.
The high looks similar to the one end of 2022.
https://schrts.co/HPrYRXEQ

A similar sized bullish pullback would bottom at 435.

Down the whole month of September? I think it needs to.

took a modest SPXU position at 27.2 for fun trade biased on https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p70105604977 https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=1&mn=0&dy=0&id=p60599455137 Using my system (which has not worked for the be...

Thinking about the 2024 low. Many years the center of the BB gets touched ie around 4500