Cobra's Market View

The pullback might be bought.

SPY 5. Clean moves.

Lower high so the rebound was over? Not sure, just a reminder to watch.

Bumping up against upper line now....

BEIGE BOOK text
https://www.calculatedriskblog.com/2021 ... ated+Risk)
zh focuses on "...continued to be widespread concern about ongoing supply disruptions and resource shortages..."

Al_Dente wrote:BEIGE BOOK text
https://www.calculatedriskblog.com/2021 ... ated+Risk)
zh focuses on "...continued to be widespread concern about ongoing supply disruptions and resource shortages..."

I have a daughter who has actual longshoremen who work at the Long Beach port living in her neighborhood. They are telling everyone to stock up at Costco now because it is getting worse.

I see rising wedge (aka 3 push up), the current pullback is key to confirm the pattern which if indeed the close today might be weak.

They really need the Ramp Express for the close or this round will go to the Bears!

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387