Cobra's Market View

Swing setup: last buy was a success, but a triggered this morning put too much of a draw down on stop. dip will be bought, until then..... 1.PNG Intraday: new swing high, it is bullish bias. you know the routine, until a trade below 38.2% will reversal be credible. bulls are down but not out! 2.PNG ...

3rd day of negative price action to close. up 3 days with negative closed.

You know what is funny? Sahm's Rule on recession. she made a career to come up with it, but when it triggered, she is not sure now, this time might be different. LOL, talk about analyst, the technician will sell first ask question later, like Warren buffett. now you know who is the goat of traders.

Bootom feeder. short term bottom is in, positive price action + positive momentum. keep it simple.

Bonus chart: Buy the panic level is in play, overall it is very fearful market. As you can see, lots of FOMO got trap, Buy dips crews are like the kid in a candies store.

Swing setup: New sell, new box, looks like it will fail any minute now. first thing first. Intraday: new swing high, it is bullish bias. positive price action if the high holds. Internals: bullish bias, the buying were very strong. buy the panic in play. Peace!

Fearful market, volatility is high.

Moment of the truth. entering sell the rip on a swing setup, until this sell fails will the bulls got a say. to be or not to be?

Bonus chart: Key reversal, early bird, look no further than MACD histogram. Price action is good without a confirmation from MACD or momentum it's rookies mistake. Know the turn.

Swing setup: samo, rip will be sold. Intraday: not just a swing low, but another gap down and unfill low, so buyers need to do a lot more buying to get a clean reversal. Internals: bearish bias. be careful diamond hands.Peace!

Time to go fihsing.

Over time market is always up, but.....Outch!

From "It is what it is department" The conversation is now, How low are we heading? a little more down I think. as far as recession goes, if people lost their jobs it will be less money inflow into the market but the day to day trade operations it will still depend on fear and greed. know ...

Bonus chart: $VIX spikes, until the $VIX subsides before the sun will rise again. Oy.....

Swing setup: no change, wait for sell setup, rip will be sold. Intraday: another swing low, hard selling. Internals: Bearish bias, breakdown is real. be careful. Peace!

Bonus chart: It's a very fearful market, from $VIX's corner, no sign of bottom, too fearful.

Swing setup: Buy failed, what a day. rip will be sold. Intraday: Bearish reversal in a grand style. Internals: Bearish bias, from here the recent low is the key, do or die for bulls. Peace!

Bonus chart; Monthly closed, it must be green, now it makes sense why indices are so bullish overall today, window dressing come to mind.

Swing setup: last sell failed, next dip will be bought, it's clear and well above 5DMA today. 1.PNG Intraday: New swing high, it is bullish bias. only the FED can mess it up, what is the chance of that? :lol: 2.PNG Internals:bullish bias, the deep buyers smelled the bear blood since yesterday. Peace...

Today HH marked the end of down trend, HL will be bought from this classical chart pattern. It is what it is.....