Cobra's Market View

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The rebound overnight probably would be sold.

Touch the blue line above again then breakout would be more likely as the line has been tested many times.

Swing setup; no change, rip will be sold. Intraday: new swing low, it is bearish bias, boring consolidation after a big sell off overall. Internals: bearish bias. nothing much until the big guy speaks? Fed boss speaking. peace!

Breakout as expected. Possible double bottom so the low might be in.

Very oversold, 89% of SPX issues are under 20 DMA and $NYMO reading of -100.81 as of closed of yesterday. I still don't see a good intraday buying in. things that makes you go Hmmmmm

IWM (smallies) is suppose to provide all time high tail wind for SPX, this doesn't look good, tomorrow or by end of week I want to see IWM trades back above the bottom red line, if not, we are in trouble. Peace!

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381