Cobra's Market View

Bears need to see this intraday buy dip fail, or no home run.

Al_Dente wrote:Double check everything on stockcharts intraday
it may be a bit off

maybe it's just me but i'm still getting bad quotes and candles on stockcharts 5min
particularly on spy and smalls

This is text book sell signal. just so the one who ask me about how my ins/outs. for the veteran here, please ignore my move by move talks.

In Ice Skating you only get the medal if you can stick the landing.
Likewise SPY.
A nanosecond after the ATH she started backtesting.
She is trying again but she really must get STICKY above that ATH

Intraday buy is not failing yet. new LL for it to fail, so, up trend is still intact per my corner. until then will the bear have a chance to go for a home run.

Played this at the wrong time all day.....

IBM and TSLA report EPS after the close today

Small ascending triangle so breakout is more likely which in turn will test the day high I guess.

Right shoulder or 1-2-3 sell setup, some time it comes in a fast speed, today it comes slow, but as long as there is no HH, counter trend setup is valid.

Lower high so the high was in for today? Break the blue line below to confirm.

Same playbook, if there will be a down trend, this is it. (goodbye kiss)

BEIGE BOOK
https://www.calculatedriskblog.com/2021 ... ated+Risk)

Last sell, target new LOD. a penny higher it is failure. bears don't want that.

Not gonna be easy for bears. last sell failed. same playbook, Go or No go. so far it's No Go for bears. Peace!

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