Cobra's Market View

Clear breakout, this bull shall have legs.

Big Tech, the largest holdings in SPY
10 days

Over shoot, for intraday price action, bulls need to close higher than morning high, or all the gain/energy today will be put in to waste. I am selling at this point.

VIX tracks inverse SPY pretty closely
5min

As of Friday, only 24% above 20 dma, 46% above 50 dma, this is another warning signs of the health of SPX index. on 200 dma 80% will be a healthy level we are at 70%. the question is "correction in price or in time" this time?

Intraday, a trade under Friday's HOD (SPX) will indicate a failed breakout, a trade lower than morning high will indicate negative price action. sooooooo, no failure for the dip pocket and printing press here.

to be more specific, Biden says he expects all Americans to get vaxxed so no more lockdowns. In other words, he's gonna wait a few weeks and then say "Shame on Americans for not getting all vaxxed, welp here's your lockdown".

https://www.youtube.com/watch?v=DhBzWmtJ9DE

Doomsday stonehenge 10 commandments. each autonomous region of less than 500,000,000 people? most likely I am not in the club. haha just being funny. Vaxxed or no Vaxxed we are doomed.

We have another hour to go
but SPY daily volume is pretty weak at the moment

corrected: that was "but" not "buy"

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374