Cobra's Market View

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Double bottom or not, wait and see.

Small gap up within the yesterday's range so likely it's a range day.

Daily sell the rips triggered yesterday end of day.

No fear No Bear! but fear is ticking up = Bears are roaming.

The daily sell signal doesn't come often as you can see. I am in bear camp from here on out until new ATH.

SPY 15. Above previous close. Pbar to the number.

GDP 6.7% to 2% today, well, now I see why Bond were the place to be for fixed income.

Come2papa

Index ETFs. Hup. Two. Three. Four.

Alternatives.

Dow 30. More green than red. MRK flying high. BA grounded.

If the bears get 40+ points under their belt, overnight holding is feasible from this point, hoping for a red close today. will see.

SPY 5. Hella good start for the bulls.

Back later ...

Breakout above the blue line with good looking bull bar in the next few bars, say 10 bars, then it's an uptrend day.

Now it looks like a 3 push up intraday, the push can only end up at 5 min. swing sell setup, first sell on early stage of a trend change. 5 DMA support were doing its job so far but until the next sell on swing setup fails or new ATH will it change my mind. for now find excuse to sell to continue.

There should be one more push?

Swing sell setup triggered. OK time for bulls to shut the bears down is here, Up and Up and Up only

SPY is up
Call buying.... not so much...

Bad GDP number and bad pending home sell, market rally on these? can you imagine if they beat consensus of 2.7% GDP, this is the missed number . not gonna last.

You know the rule of engagement right? a fail breakout can be very nasty, it's No no for bulls.