Cobra's Market View

A little resistance here but I don't think it'd do much to bulls.

once Swing sell setup trigger (RSI<70) from there anything higher will be the last stand for short term swing bears. the Daily bullish reversal with positive AD issues will also confirm a bottom of sort. since we have LL yesterday, my daily trend following is flagging the buy dip "FAILED", therefor Bears are now earning sell rip coupon on a daily. the 5 min. swing sell remain to be seen after it should trigger today since we got a long way to go yet, from there I will be able to know if this last sell setup is good or fail. lets get a popcorn and enjoy the show. papa is waiting for that last sell.

Bottom of some sort if we close here or higher. this is when MACD histogram comes in handy for me.

On the Volume/Market profiles, the value area is still lower than yesterday's. with a move up in advertisement price the value area should move up but not yet atm. still looks like a short squeeze low volume on the upticks.

Sell triggered. no new High allowed. one penny counts.

The pullback will be bought if not already being bought.

SPY daily. Back up to the EMA 20. Hanging there. Hanging by a thread. Hanging on. Hanging on with white knuckles? Well, it is only the stock market.

SPY 5. Nice recovery day. Clear sailing? Nah. Many sellers with fingers on the button. But the bulls are resilient.

White knuckles hang on. Hahaha

Alternatives. Gaps up on DBC and USO. IAU and TLT down. SPYG and SPYV up. Money on the move.

BullBear52x wrote:White knuckles hang on. Hahaha

You know, BnB52. "Climbing the wall of worry." Ha ha. And sitting on a cliff. It looks like three fat guys hanging on a tightrope, trying to not lose their grip. Ha ha.

Well it's official, the swing got stop out, on lower degree dip will be bought. tomorrow don't forget to get the ticket on north pole express. Peace!

Dow 30. Mostly green.

JFR wrote:

BullBear52x wrote:White knuckles hang on. Hahaha

You know, BnB52. "Climbing the wall of worry." Ha ha. And sitting on a cliff. It looks like three fat guys hanging on a tightrope, trying to not lose their grip. Ha ha.

amazing market. put the bulls cap's on if we continue to trade higher tomorrow.

Leaders on the Dow. (Let's see if I can find some ETFs to hold overnight. Gulp.)

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