Cobra's Market View

SPY 5. Pullback in an up move. Approaching the EMA 20.

AD line also suggests the end of this run. starts to show a weakness on Wednesday and today.

Touch blue line again the breakout would be more likely, I see it as a C&H instead of a small double top.

I am hop back on the south bound train. chuuuuukachuuukka choooo

I think we will settle in the balanced area today since the volume is way too low today again.

SPY 5. Widening base at the top.

DIA up on a gap. IWM chopping along. QQQ flat. SPY up.

Quiet day. Day traded some stocks, MSFT, INTC, EA, MRK. No index futures for me today; missed the signals for some scalps that were there. Like the man said in a movie: "Footwork, timing and hitting." Ha ha

Later ...

ATH ES, nothing can stop this market. if we bears don't make money in the next 40 min. it is time to pack up and go home.

15 handles range, low volume, negative D to all time high. you can not make this up.

will the semi's make a decision here or continue to go sideways????

When some family office fund can borrow 100 billion with about zero collateral and use unrecorded non-public transactions to goose their favorite stocks then low volume should not happen melt-ups are about guaranteed.

As the man said in "Margin Call" be first, be smartest or cheat.

Twitter crowd piling on to my thoughts about a gap and go Monday, only they are thinking it will be Powell behind it.

Wow, Power Hour for sure! Almost a point a minute.

Next week volatility should pick up, this is $VVIX I am looking at. market will turn soon, Honey hole trade continue next week. Peace!

Gap up big Monday will be a welcome sign to day trader I am ready for 10 handles volatility move.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377