Cobra's Market View

Up 4 weeks in a row, the next week has 66% chances to close up and 80% chances to make a higher high so more up.

SPY daily. 3 Line Break. Another view.

At a glance, price is just over half way back up to the top. That is some serious buying. Will it run out of gas? I doubt that. But the bears will have much to say also, as things unfold. For now, this chart is bullish. Just in my opinion.

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

Pasta boss, a month or so ago you posted a someone's chart that had a 100% record of picking the bottom or when bear markets ended. Would you mind posting an updated version? I think you had taken their chart and put it in stockcharts. Thanks.

JFR wrote:SPY daily. 3 Line Break. Another view.

At a glance, price is just over half way back up to the top. That is some serious buying. Will it run out of gas? I doubt that. But the bears will have much to say also, as things unfold. For now, this chart is bullish. Just in my opinion.

2022-08-13_05-11-17.png

Just check 2001 and you will know the direction, this all happen before

marcueus2 wrote:

JFR wrote:SPY daily. 3 Line Break. Another view.

At a glance, price is just over half way back up to the top. That is some serious buying. Will it run out of gas? I doubt that. But the bears will have much to say also, as things unfold. For now, this chart is bullish. Just in my opinion.

2022-08-13_05-11-17.png

Just check 2001 and you will know the direction, this all happen before

Thanks. You guarantee that, sure thing, right? Ha ha.

When you mention 2001, it would be helpful if you would post a chart, with your own analysis. Thanks.

te_fern wrote:Pasta boss, a month or so ago you posted a someone's chart that had a 100% record of picking the bottom or when bear markets ended. Would you mind posting an updated version? I think you had taken their chart and put it in stockcharts. Thanks.

Seasonality worked well too

Thank you sir!! According to that chart it looks like the bear market has turned.....

You're right, looks like we're starting a good up move in Seasonality too until mid September too!

Martin Pring adds clarity.... https://stockcharts.com/members/article ... g-963.html

From "It is what it is department" The freight train become a bullet train don't stay in from of it We are in a midst of gamma squeeze. Investors will wait for dips to buy where the traders will sell until the dip to buy. Market is ways overbought on the down trend with first RSI (14) now >70. very bullish but the relief rally pullback is at hand, my view is the same until the pull back to dip buy setup on the daily I will know if the buy will last and turn to new bull trend, for now just wait and be patience, first thing first.

Big Trend close to the apex. Individual investors don't seem to be all that exited. for the bulls market to sustain all hands must be on deck, alright sailors! High/Low indexes are now improving, still shaky but very positive so far. Intraday: Friday end the day with positive price action, as much as overbought the market is, there is no sign of reversal to call to. Only price pays. Monday I will expect more up unless we open and trade under 38.2%. same playbook. Trade well, Peace!

Green target area which I didn't think would get hit looks very likely now. 454 is the projected P&F target. Green target area is derived from the Fib time zone plus Fib projection.

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