Cobra's Market View

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May miss at least a higher low for a stable bottom.

Entering sell the rip zone on swing setup, yellow highlighted is resistance complex 1-2-3 pattern, look left at last pivot on the way up. this sell setup is the first on this new down trend. lets see how will this play out. stick to what works.

Gap filled in Globex but that doesn't count!
I jazzed up the EMA with deviation bands, so far I like it

It's a morning hourly filled black bar

Swing setup sell triggered, new box, make or break, patience, react, don't predict.

No sharp pullback in the next couple of bars then it'd be an uptrend day.

Intraday: New swing high, it is bullish bias, we are in a mixed signal zone, selling will intensify if the buyer don't show up today.

High tide doesn't lift all boats today, Russell 2000 is still in the RED.

Internals: it is still bearish bias as of now, let see how the day closed. buyer needs to show up, today the knight came at night. Peace!

The appeal of the gap has once again been shown. With the VIX in a new month and the nearby downside gap filled in regular hours trading we will finally see what the bulls have (or don't).

Rebound weak, bias is down.

Looks like its trying to push down to yesterday's close...

Don't think it'd be double top (red arrows) here, probably just a consolidation therefore bias still is up.

Based on NYMO NAMO patterns, there should be one more down (selling this rally) before sustained upside.
I don't think bears have much left in them, election year and all that jazz... Plus covert QE pumping, the false front must be kept up.

NYMO NAMO typical action is a "W" bottom, even from deep dives in the -70/-100 zones. It's uncommon, rare too see "V" rebounds.

My pattern-based projection for QQQ is $580-$620 December 2024 to March 2025 range.

ES daily.

Like they say in boxing: "Up off the mat."

Bullish day.

All around the EMA 20.

Stuck in the range since December.

ES 60 minutes.

Up from S1, through the Pivot, and through R1.

Very good move up in the last two hours.

Dow 30.

The greens take the day.

BA the frequent leader or laggard, at the top.

UNH at the bottom.