Cobra's Market View

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Falling wedge but "accelerating" on the downside so bias is down?

Good Morning from Mr. B!

The NYMO cycle is down.
At the open today it hit the lower Turn Zone and has since bounced.
Let's see how the week unfolds as it is month/quarter-end.

I am checking in this morning, because we came very close to curing a stranded NYMO benchmark at SPX 4299.19 as well as closing an open gap at SPX 4298.86. So, another 4 handles down from the morning low will clean up these chart targets. Since I started doing this NYMO stuff, all stranded NYMO benchmarks have been cured eventually. So, I am inclined to anticipate some more decline ahead before a good turn, but the market will do what it wants.

There is an interesting rising bottoms line at about 4275 currently that could offer some support.
Bears want to tag the lower keltner band at 4257 to reclaim the bias. Until then bulls get the benefit of the doubt.
There are plenty of gaps above and below to serve as destinations for price.

I am short. I am seeing conditions for a long starting to develop but no setup is yet in play.

3 push down, the market really wants to rebound and does have chances.

This bull shall have legs.

At a place with power and internet last night. Once again a very precise measured move!

15 minute equivalent saying be careful if you are a bear.

Generally this pullback should be bought again, just the "bought" could be just a lower high.

Swing setup, nothing change rips will be sold.

Intraday, looks like a failed break down, but it is bearish that we have another swing low, at this point the Red line will be what I need see how we closed. bears need to closed lower to maintain the bearish momentum.

Short term is very oversold, over all there is nothing to see here for bulls. I will pay attention to $CPC "oh No" if it hits >1.2, so far it's high but not yet extreme for a good shakeout. Peace!

Break of the blue line is more likely which if decisive then the lower high would be confirmed.

ES daily.

A doji. Searching for a bottom.

Down from 4684 to 4338. Enough already? Ha ha.

ES 60 minutes.

Flat. In a range between S1 and the Pivot.

Looking for a jailbreak.

Finally the breakdown which was much later than I expected. Bias is down now.

HRB. H & R Block.

I posted this one on here September 20.

Still moving up.

Not recommending, just sharing.

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