Cobra's Market View

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Several attempts of pullback already (red arrows), eventually there'll be one winner. Not sure whether it's this one though but the more attempts the better chances so the current one has better chances than all the previous ones.

Gap down within the range of yesterday so probably just a range day.

Sell day, honey hole play.

SPY 15. Lots of churning, spikes, dojis. But no real progress up or down.

SPY 5 minute. Things seem somewhat calmer. Progress up being made.

The market got lock in on forward gear only.

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Selling were failing right of the gate, bears will have to wait out for awhile now, it's back to buy again.

My measured move up failed big time, this is looking like a set up for a range day to digest the overnight move. I am assuming we will see new highs Sunday night with a gap and go Monday open, as that has been a favorite market move.

After all stimulus money is most likely to enter at all time highs. Just ask Bob Farrell (public tends to buy the most at tops...)

bull trap, waiting for new sell setup.

Dow 30. About even in the pushing and pulling between the bulls and the bears.

Bull trap it is....chase them down.

The pullback means at the best for bulls it's a range day today.

Bulls better step in soon. I am seeing some 5 + point red bars.

SPY 5. Hand to hand combat. All over the battle line, the EMA 20. Taking a break ...

Testing day high, consolidation here first would be bullish. Breakout directly, not sure it will hold or not.

SPY 5. Moving on up. Three fairly clear moves, the middle one with some heavy chop.

The power that be will not allow this market to correct as overbought as it is. This time honey hole s not giving up easy, will see, I am going at it as soon as it shows weakness.

$VVIX were pointing up again today. The sellers will show up soon.

Negative D on MACD histogram around upper BB.