Cobra's Market View

Review on major change on time frame of a trade: Buy setup on swing trade is still on a buy, no failure just yet. Patience, react, and don't predict. ( daily trend following is on sell, so, time frame of a trade matters)

Fearful market, this is an early sign that the bearish engulfing last Thursday is a real deal.

Enjoy long weekend from it is what it is department. Peace!

weak internals follow by weak momentum. No new LL the bulls are still in a fighting mode.

Stick to what works if you have the system that works

VPOC 5245.5 /ES

Day traders' heaven.

This dip will be bought, first thing first. RSI > 30 = Trigger.
React!

ES 06-24 (20 Minute) 2024_05_23 (8_55_14 AM).png Volatility (VIX) options expiring, then more options expiring as we head into next week. Point being the market makers will be loosing their short term grip. In the mean time we are filling in the volume profile. Look at the recent first LL, the HV a...

Swing setup: last sell failed, bears didn't make it, next dip will be bought. Intraday: new swing high, it is bullish bias. Internals: bearish bias, there is wind of change on internals, time to review the chart book carefully, good luck, Peace!

Bonus charts: can NVDA turns all this around tonight? (it's kind of sad to see that the whole market is now rely on one company to save the index) but it is what it is....... From it is what it department: "There is a crack today" it's up to after the market moods on NVDA to save the marke...

Swing setup: no change, trap inside the box, make or break? see then and now? Patience. 1.PNG Intraday: inside day, any thing goes, a trade above 61.8% is slightly bullish bias but all this can change on a dime. inside day and hanging on the High value area if you are looking at market profile chart...

Bonus chart: DOW theorist? no goods shipment, market top in Macro view.

Swing setup: no change, trap inside box. Intraday: new swing low, it is bearish bias. calm before the storm? Internals: bearish bias, very slow day overall, not much to say. Peace!

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...