Cobra's Market View

Up 1 week, the next week has 78% chances to make a higher high so more up.

Cobra: please double check your overnight post
You said: NYUPV:NYDEC
Did you mean NYUPV:NYDNV
Thanks

SPX was 3-standard deviations away from the 50ma for five days
excessively oversold
bounce Friday and probably next week is essential for a reset

How boom and bust cycles progress:
No two bubbles are alike, but they all share a common structure. Here is a summary of the key stages of market bubbles that allow you to identify them as they happen.
[source: VariantPerception via zh]
Pasta here: I'm guessing we are somewhere near the yellow circle. Only a new high will change my mind. That seems unlikely but anything can happen.

https://www.variantperception.com/2022/ ... -a-bubble/

Nice visual showing who the culprit is in this bubble, as if we didn't know.
Weekly

From It is what it is Department" Are we bottoming? or where are we going from here?. Internals are not improving, short term momentum are improving. I want to see $BPSPX closed higher than previous day as a minimum requirement for bottoming, as of Friday it's still heading lower.

Chart wise at the current moment: 1) inside Bear flag pattern? 2) inside Ascending triangle? 3) inside wave 4? If I have to pick one chart pattern to put my money on I will go with Ascending triangle, easier to trade with, easier to identify if it makes or fails faster. Or Gann like lines? My Swing setup is now back on buy the dips. bullish above 5DMA, as you can see here the BB is getting tight, we might have a good rejection once upper band is visited? best is to wait for next dip to buy in, the text book entry.Friday price action ends the day with a very bullish move. bullish engulfing in nature. (Cobra will tell you that bullish or bearish engulfing the next day is not so much as what its name suggested) anyways, I use HOD as a pivot on Monday trading , auction house theory, keep on bidding up or down she goes. keep it simple. Peace!

My Two weeks prediction: SPY will see 395 within 15 days from now. I will be playing 100% triple leverage. GL!

SPY daily. 3 Line Break. Is this pullback a drop in the bucket? Or serious/scary business?

I have not read any ''guru'' views, as of yet. Might check John Murphy and Tom Bowley on StockCharts. I've paid a lot of attention to them over time, although that was mostly a few years ago.

Lots of speed bumps on the way up. Good sized pullback now. No panic in the atmosphere, as of now, it seems. The last bar in the weekly 3 Line Break chart is a bull. That is a positive note.

As noted earlier, deep pullbacks set up value plays.

This trader prefers a trend, up or down, rather than a range. I'd rather play pullbacks in a trend than fades in a range. Just in my opinion.

A tough January for many companies. DAC has done well.

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2021, it had a fleet of 65 containerships aggregating 403,793 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece. -- Yahoo Finance

$AAII bull - $AAII bear is arguing for a bottom now, well, if now still is the past.

GOOG Earnings: Tuesday, February 1, after the close
"How YouTube became unstoppable"
"The numbers are pretty staggering... it's writing bigger checks to creators" than any other platform
Background: Google purchased 100% of YouTube for $1.65 billion nearly 15 years ago. It now contributes nearly 11% to overall revenue.
https://www.protocol.com/newsletters/so ... belltitem1