Cobra's Market View

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Higher low or not, wait and see which if indeed, then the low was in.

Gap up within the yesterday's range so likely it's just a range day until 2 pm roller coaster show, I guess.

SPY 15. Bulls have slowed the bear push down from the Evergrande situation.

SPY daily. Bulls pushing back. A strong bull bar on the daily would indicate a V-bottom. But the bears are active also.

Alternatives. All over the map.

Dow 30. The greens have it, so far. CVX leading. Some Health Care stocks trailing.

SPY 5. The bulls were not scared off by Evergrande. No worries, Mate. All in. Ha ha.

Back later ...

Breakout here with good looking bull bar then it's the early call of an uptrend day.

The eleven sectors, daily
energy strongest
fear would show if staples and utilities were green... they are not

$NYADV:$NYDEC
5.64x at the moment

UPDATE: 6.16x
UPDATE: 7.42x

Big Tech, Fangs, daily

FB massive put buying
[Najarian]

The pullback should be bought but I don't expect it to go far, the market probably will be waiting here for the 2 pm roller coaster show now.

Show time.

unchanged
rate hike in 2022
if progress continues as expected…… taper may be warranted

POWELL LIVE
https://www.youtube.com/watch?v=uGhCIZQWduE

Q&A NOW

Double bottom or not, wait and see, should be a rebound here first. FOMC day usually close weak though.