Cobra's Market View

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Testing the previous low, let's see whether dip buyers are willing to buy aggressively again.

Gap down within the yesterday's range so likely just a range day.

ES daily. 5 days of a smaller, tighter base. Fairly large bear bar. But well above the EMA 20.

SPY 15. Pbar at 800am Eastern.

Destination.

SPY 5. Fades between levels of support and resistance.

SPY 5. Testing up.

A KISS?

SPY 5. New floor.

SPY 5. The bears mean business today.

Coke and Pepsi both getting hit hard today. Taking a break. Back later ...

Possible higher low, maybe the low was in for today?

QQQ (and NQ) fill the overnight gap (actually a lap). Later ...

The bottom will not hold this time, if we get there today, there will be bad news to follow haha.

The breakout on the downside could mean it's a downtrend day if no sharp rebound in the next couple of bars.

Typical trading day for me, bought near the top of the first rally, got distracted and now have a losing position. LOL!

Was planning to see at the downward sloping trendline....

SPY 5. Dangereuse for the bulls.

I would say there will be a late day rally, but look at the AD line. not gonna happened today.

for 3 weeks market has been settled at the same level, something is going to give, look at $VIX and $VVIX last couple days I will say DOWN .