Cobra's Market View

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It's a 100% measured move up, indicating the up momentum is still strong so probably there'll be a 3rd leg up.

SPY 15. Bulls doing fine, so far.

Pre-market stocks.

SPY daily. Bounce off support. Recovery, to the EMA 50.

Starts like an uptrend day, bears be careful.

S&P 500 performance during the day of the Fed announcement and over the following week
[Tom Bowley]

Breakout to the new day high with good looking bull bar in the next, say 5 bars then it's the 2nd call of an uptrend day.

AAPL
“Tim Cook says employees who leak memos do not belong at Apple, according to leaked memo”
[true story, not a joke]

Index ETFs.

Alternatives.

Dow 30. The greens have it.

Leaders on the Dow.

From AutoChartist. Russell 2000.

Back later.

Breakout should be more likely.

same scale, different symbols
shows the leaders (dashed lines) energy and smalls and financials

The pullback will be bought again.

Jerome Powell says Fed to change trading rules for central bank officials
https://www.foxbusiness.com/economy/jer ... -officials