Cobra's Market View

Looking back: Dot Com bubble, did the internet gone out? nope, the boom and bust cycle continue Housing market boom and bust, same thing and go on after. Bit coin boom and bust, same thing, and go on after. cannabis boom and bust, same thing, this one is dead never came back. to day is AI....the que...

Day trade made simple, if this sell failed, then bears are dead once again. from now, it is what it is.......

marcueus2 wrote: ↑Mon May 20, 2024 11:40 am

BullBear52x wrote: ↑Mon May 20, 2024 11:37 am This is a gamma squeeze, TRIN, CPC, CPI, CPE are all greater than 1 atm.

Swing setup is selling, new box, make or break for bears.

Forget about it, NVDA earning will get this market past 5400

First thing first, I have to stick to my system.

Intraday: new swing high, bullish bias, negative price only when trade under the red line.Transitional point on 5 min. be nimble on both sides.

This is a gamma squeeze, TRIN, CPC, CPI, CPE are all greater than 1 atm.

Swing setup is selling, new box, make or break for bears.

It is what it is department" From. Overbought and Fearless market. The most a trader can do is to have a system to trade with and a discipline to stick to what works. Daily trend following: sell this rip, RSI < 70 + triggered. can't get any simpler than this. :D 3.PNG Swing trade setup: sell t...

It's boring opex day.
Internals: bullish bias, bears need to see lower closed to suggest any follow through from yesterday's moves. Peace!

It's Friday, down trend day will be nice.

Intraday: new swing low, it's possible to have a down trend day.

Looks like stockcharts.com is stalling again today.

There is change in a trend. bulls got one good pop out of buy setup, now back to sell the rip once again on this swing setup.

Swing setup: no change, let it rises, dip will be bought until then will we know if there will be a change in trend, for now. bias kills. Internals: bearish bias today, bears are roaming, know where your money is......Peace!

Today is fast and smooth on here Cobra.

Intraday: new swing high, it is bullish bias, lots of support below. the red line is key reversal for counter trend.

Intraday made simple, last buy failed on this simple momentum trade. there is negative price action at hands.

We don't know which overbought or oversold is the very top or the very bottom, but we do know it's due for a correction. we are at the overbought and ready for a relief rally pull back. Patience, React, and Don't predict.

Here's chart, similarity to '22, but power that be already geared up to weather this one out differently.

Based on my $VIX charts, this rally will not stick as of today's reading. it is still showing topping out. but short term don't have anything to call to, so, will have to stick to what works.

Trades w 2 Cats wrote: ↑Wed May 15, 2024 1:07 pm ES 06-24 (37000 Tick) 2024_05_15 (10_03_05 AM).png
Are we there yet?

New ATH on futures will change all the bearish counts. it will be a miracle for bearish count to hold here and 300 points down from here, but again, can't discount anything these days.

Swing setup: Last buy was a success, time to get the money and position sizing in order, moon time Intraday: new swing high, nothing to see for bears. Internals: bullish bias, there is follow through on yesterday's bull moves. Peace!

understand open range, this is the open range for me, up or down outside will signify the day direction, range day will also be called out if the range get crossed twice. simple as it can get. for now any thing goes for both buy range low or sell the range high, same R/R.