Cobra's Market View

"It is what it is department" Weak market conditions, a correction in time not in price. indecision, neutral, the last 4 days closed at the same level. same settlement price. confused market. Something worth noting: SPY has a spike low, slippery when wet, caution! by Monday if bulls canno...

New sell new box, make or break. It is FRIDAY!!!! Peace!

Swing setup, this rip will be sold, first thing first. this is when multi-time frames analysis comes in handy.

Intraday: look below and failed, a closed above 61.8% we will have a bullish piercing candle. this market is so bullish don't you say?

Look at Bollinger band dead cat bounces, first one and second one, there's reluctant to gain strength until sell rips. This time it's more aggressive to bounce, again until we hit the rip to tell if the bottom buying is for real. swing set up is continuing to be on sell the rip, until then.....

Gap and no go. same play book, find excuse to sell under 38.2%, new swing low, it is bearish bias.

Looking down.

Big picture on BOND and YIELD. we are at the pivot point, if $UST getting higher from here, it's hard to sugar coated this market with "AI", the excuse will be the 'AI" pops. OR is it? this is where the pension and 401k maters. in a week to come I will put this chart on the top of wat...

Intraday: new swing low, it is bearish bias with >60% of sideways action atm.

Bears will not let it go either, what a fight. selling to continue.....

Bear trap bigly. look below and fail, a trade above 61.8% will put the bear in checked!

Resistance level holds, bears are in charge.

Selling to continue..

/ES round number 7400

Line of resistance is clear, bears are still in charge.

This rip will be sold, first thing first. not yet trigger.

Inside day. anything goes....

looking down. "If you have nothing good to say then don't say a word" Momma said. Peace!

Intraday: new swing low, it is bearish bias. there is >60% we will settle and go sideways from here. a trade under the red will resume the down trend intraday trade. damage has been done today, it will take a lot of bull energy to calm the market atm.

This is when wish you were in is better than wish you were out or wish you were in since last year (after the fact).