Cobra's Market View

Seems like a higher level of consolidation. Maybe more up from here?

Haven’t seen much from Trump on social posts lately. Wouldn’t be surprised to hear he’s opening the Strait of Hormuz for the ninth time.

Searching for a bottom. I guess the consecutive weeks are going to be broken today.

JFR wrote: ↑Thu May 28, 2026 3:44 pm SPY 5 minutes.

Up, up and away.

It's a bird. It's a plane. No, its the stock market hot air baloon. Ha ha.

Play the charts. Forget the news.


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Hopefully it doesn’t turn into the Hindenburg tomorrow. LOL

Personal savings rate at 2.6% today … down from 8.8% just a few years ago. Little scary.

Ricky Bobby!Little shake and bake again?

Little shake a bake to start the day!

Higher yields, higher inflation, higher oil, ongoing issues with the Middle East etc … and the Market doesn’t care. SPX gaps down on Friday and likely gets filled on Monday. We continue to see higher, highs and higher lows … until that changes, which may be soon, I’m just looking to buy the dips. Ha...

Cobra wrote: ↑Thu May 14, 2026 11:01 am No sharp pullback in the next couple of bars then it's an uptrend day.


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Thanks for the reminder Cobra! Looks like the golden ratio is almost upon us. Interesting to see how things go from here.

Market Masta on X yesterday pointing out we are nearing that golden ratio of 1.618 extension. Food for thought.

The weak hands have definitely been shaken out. Dumb retail is just making handover fist while risk managers are getting massacred. Anyway, I’m looking to possibly swing a short sometime soon.

Of the mindset, we need a little relief coming up. As much as I’d love to see the market just do this every day. We know it ends soon or later.

Seems like the selling is due to some explosions in the Dubai area. Maybe a petroleum facility. My guess is it gets cleared up soon.

The last 3 Sundays the market has gapped down. Can we see 4?

SPY 15 minutes. Up. Up. And up. Cup breakout at the top. SPY (2).png Thanks, JFR. Agreed but does anyone really want to hold over the weekend? A ground invasion can certainly send things for a loooop. Hi George. I am a bit more pessimistic about the markets than some. As a daytrader, of course, I t...

I’m going to respect the channel, but don’t really see much more upside for next week

JFR wrote: ↑Thu Apr 16, 2026 11:43 am SPY 15 minutes.

Up. Up. And up.

Cup breakout at the top.



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Thanks, JFR. Agreed but does anyone really want to hold over the weekend? A ground invasion can certainly send things for a loooop.

Cobra wrote: ↑Fri Apr 10, 2026 1:45 pm Possible 3 push down (green arrows) so a rebound might be due soon.


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Yeah, Thanks Cobra. Probably tim e to wrap it up and watch The Masters,,, Have a great weekend everyone!

We still sit below the “No bull shall pass” line. A series of lower lows and lower highs continues. No need to overcomplicate it. We’re in a down trend and will continue down until that line is broken. Even then. any relief rally above that line could still be suspect. So just keep looking for rever...

Market might just be kicking around today waiting to hear what Trump says in his speech tonight. I’m interested as well.