Cobra's Market View

Here's my unofficial, uninformed, unschooled in Elliott Wave count chart:
(Look at that PERFECT W bottom that I missed.)

My bias was bearish, so I TOTALLY missed the SPY move. Rats! My analysis got LAZY. So many missed opportunities. Waiting for pullback now. Loads of breakout trades. But even a position trade would have worked if your stop loss was below the double bottom in the range. I look at this chart and I thin...

HUGE EFFORT (volume) today. Compare the REWARD (price movement) to prior day's move. This should have gone to the moon.

The angle of the up move based on the short term BB was too much. Market makers overdid it; trying to jumpstart?

Today's opening up vol was greater than yesterday's up move. So that means selling happened on the move because price did not move as far. At the very least, we need to see some sort of retest for me to believe that happy days are here again. Looking forward to EOD, EOweek and EOmonth.

Drilled into yesterday's move. We haven't seen up vol like that for a while.

Look at the volume yesterday compared to the volume on the move below the range. Very impressive volume.

My trading range. Seems weak and lackluster. But we are still in Phase B and I can't tell yet if it is another distribution.

Shorter time frame BB pinching. Move forthcoming.

5 day fast chart. Short-term S/R is at $393.12. Vol spike at #2 had more selling than #1.

This is now. Acceleration to the downside. I don't like this chart.

For me, not trading now. Wait and see. Yesterday was another distribution day and there have been too many lately. Someone is lightening their load.

Regulators shutting down stockcharts?

Another one....

Not a HUGE FAN of the FIB stuff but I monitor it. The FIB markers are measured from the Pandemic low to the Jan 2022 high. (So that is longer term.) The market is showing some respect for these lines. But the FIB timelines are more interesting to me. Starting with 6/17/22 which is where I begin my c...

SIVB, has 96.68 % of its shareholders as institutions! So, that smells like a bailout! Vanguard was the biggest holder on records that I can access.

https://www.nasdaq.com/market-activity/ ... l-holdings

SIVB, Note BIG MONEY started selling on 3/7/23 as it shows in the BOP on TC2000.

First chart, March 9th chart shows Thursday's distribution pattern. 2nd chart, March 10th chart shows similar distribution pattern. To my thinking, these patterns play out after a planned distribution. So what is developing now? Are sellers exhausted? I don't know yet. We did have some nice volume t...

2nd punch comes in at 15:33. Look at XPACE.

Big upside punch comes in at 15:24 (3:24 EST) don't know if it can save the day.... Look at green XPace.