Cobra's Market View

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The 3rd try on the line so breakout should be more likely than the previous try.

Gap up but within the previous trading day's range so probably just a range day.

SPY 15. Just above where it finished off Friday.

ES daily. Still in that extended base. At the upper side of it. Who will blink, the bulls or the bears?

Dow 30. Quiet opening. Even on the greens and the reds.

Nasdaq, NQ 1 minute, is very volatile, schizo.

ES 5. Dive. Dive. The bears are on the attack.

Small descending triangle so breakdown is more likely and if it's a good looking bear bar then it'd be a downtrend day usually with a later day rebound though.

I added bar by bar bid ask overlaid with Joe Granville's on balance volume. Looks like a possible swing low.

Breakdown is more likely.

SPY 5. Up to the EMA 20.

Apple Developers Conference keynote at 10 Pacific should include new processor, some saying a market moving event,

Keep going down touching the blue line then breakdown would be likely. But before that, anytime a strong bull bar then the low of the day probably was in. Key time. My guess is the low was in.

apple event
LIVE
https://www.youtube.com/watch?v=0TD96VTf0Xs

Note BIIB
new alzheimers drug approved this morning
That’s why LABU is up

Alzheimer's drug is super controversial. It does almost nothing for the patient. Two prior trials of this drug were halted because of lack of effect. Third trial showed a very small reduction in the rate of loss of function. It was approved based on an unproven theory that has been predominant theory in that area for over 30 years. It slows the build up of the amalid (sp) proteins on neurons in the brain. Controversy is they don't know if those proteins are a symptom or a cause.

No controversy about the support at 4215,

Need to closed below 61.8% to have a daily bearish Harami.

Maybe a pullback here first then we'll see.