Cobra's Market View

Here I come, for die hard bears. look at market profile. very emotional trades, lot of singles.

SPY 5. ''To the Moon, Alice.'' Take Bezos and Branson with you. Ha ha.

SML is the S&P 600 small caps
EOD as of yesterday’s close, probably recovered today ... we'll see
Only 14% are above their 50ma [yesterday], that’s the lowest its been all year. Sure it could go to 1, but it’s in the turn zone

Dear SPY:
short covering, right?
squeeze, right?

JFR wrote:SPY 5. ''To the Moon, Alice.'' Take Bezos and Branson with you. Ha ha.

Gap must be filled? this is Island reversal but no problem for buyers.

[grain of salt]
Goldman Says "Don't Buy This Dip" 
“I am a consistent buyer of dips but this wobble feels different and I am bracing for a weaker tape this week.
https://www.zerohedge.com/markets/goldm ... to+zero%29

NVDA split 4:1 today
BIG TECH, daily

squeeze may be over, or at least stalled, based only on 5min momentum waning

gap filled.

Bulls are relentless intraday, swing sell setup still not trigger and under 5 DMA, bulls are not out of the woods just jet. one more sell coupon as ugly as it may look for bears today, but to have RSI above 70 all the way to new high none stop is less than .000001% chance. the pull back may not be much but it will be a pull back once RSI drops below 70.

The very first test of EMA20 in 2+ hours usually is buy, watch for EMA buy setup.

Multi time frame view:
1 min intraday buy atm
5 min sell atm
daily buy the dip looks to trigger today if RSI >30

Bears, want to see this intraday buy fail to hold on the 5 min. sell. this is complicate intersection. time frame of a trade matters.

Intraday first buy the dip failed. bears turn. lets go baby bears. swing 5 min sell seems to do its job so far.

last sell, a penny higher than 4323 it's no go day for my bear moves. Peace!

Looks like we are setting up for a possible test of the lower trend line.

The Grove (Los Angeles movie theatre) is one of the top-grossing theaters in the country.
Enter AMC
https://www.hollywoodreporter.com/busin ... 234984695/

Consolidation, breakout is more likely.

Al_Dente wrote:

JFR wrote:SPY 5. ''To the Moon, Alice.'' Take Bezos and Branson with you. Ha ha.

Boys with their toys.