Cobra's Market View

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Maybe a 3 Push Up pattern is in the making.

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

SPY 15. Price has recovered from the drop.

SPY 5. Crraashhh.

Dow 30. A whole lotta red.

GLD up but dropping hard. SPY down.

Cash SPX + Buy dip is triggering, until this one fail will bears have a chance with a down trend day.

Big picture, HL on fear.

SPY 1 minute. Drifting along.

Taking a break, not finding agreeable action.

SPY 1. Ooops. Just when I want to take a break, the market drops hard. Whatever. Break anyway.

Breakdown is more likely, which if with good looking bear bar then it could be a downtrend day. However, a down from open to close day has been rare so even it's a downtrend day, usually it comes with a later day rebound.

Will the Fed save the bulls or cheer the bears tomorrow? I think today is done on the down side. Peace!

Strong rebound, maybe the low was in?

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381