06/17/2026 Live Update

[Cobra]

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Double bottom or not, wait and see.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

Text book mean revision day so far. But edge goes to the bears so FOMC presser could be explosive.

[Trades w 2 Cats]

I give bears the edge because VWAP is now down sloping and price has failed to cross it from below on two tries

[Cobra]

Members only update at 12:00 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Nothing to say, assume it's in a range bounded by blue lines until the 2 pm roller coaster show.

[Trades w 2 Cats]

The drop below 3 sigma triggered a response and now we sit at VWAP and the days VPOC waiting for the new dot plot.

[Cobra]

Show time, the very first reaction usually is the real direction so the tone is down.

[JFR]

SPY 5 minutes.

Announcement. Ouch.

[Cobra]

Members only update at 3:41 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387