Cobra's Market View

Down 1 week, then next week has 60% chances to close up.

Weekend Study:
https://www.incrediblecharts.com/candle ... ongest.php

SPY daily. Strong bear bar. Pullback to the EMA 20. Hard to breathe the air up there. Descend to get oxygen. More downs? Who knows? But the bulls will keep on buying, until they get smacked even harder.

REMINDER of what the TYPICAL July looks like: bullish through mid-month and tepid thereafter
https://jeffhirsch.tumblr.com/post/6556 ... sh-through

From "It is what it is Department" On Friday, the sky, the moon, the sun, and the stars were all aligned in bearish direction.Rips will be sold until we test the recent low of support or regain a price back above 5DMA. trade well, Peace!

Debt of the generations.

https://www.visualcapitalist.com/visual ... generation

The happiness index.

https://www.visualcapitalist.com/mapped ... ls-in-2021

Are you happy where you live? Alternatives.

USA and Canada? Yup.

Switzerland? Maybe, although claustrophobic for my North American values.

Scandinavia? Yeah.

Other European countries? Maybe.

Australia? Too hot. Too much sun.

New Zealand? Sure.

Some of the islands? Yeah.

Off the cuff musing only. Heaven or Hell on earth? No arguments, please. Ha ha

$AAII Bull - $AAII Bear down a notch, no extremes.

Al Brooks comments are not clear, my understanding is more likely it's another minor reversal but be on watch of strong reversal setup: Either strong consecutive bear bars or a weak retest of the high. In short he's in wait and see mode like I do. We both agree at certain point there should be a big pullback but hard to pin exactly when until "very late". I know "very late" is unless for trading, the actual trading should calculate the risk reward ratio, cannot simply wait for a confirmation after a confirmation, this is beyond the scope of my comments here so won't blah blah anymore.