Cobra's Market View

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Higher low or not, wait and see.

There's blood on the street. Panic level, expect a dead cat bounce, if not, this is some serious bearish outlook.

There's blood on the street. Panic level, expect a dead cat bounce, if not, this is some serious bearish outlook.

Inside day, buyers need to step up hard to change the bearish TA like today.

It's a morning hourly filled black bar

swiing setup: in the box, bulls need to work harder to get out of the bottom. for now selling to continue. Intraday: inside day, any thing goes, I see bulls are trying, but still too weak. Internals: bullish bias, there is buyers roaming today. will see how we closed today. be nimble. Peace!

Testing the yesterday's low so might be a rebound here first then we'll see. Maybe, just maybe the rebound would be sold.

Bonus chart: Fib on the last bull run leg since Dec/Jan. 80 more handles to the down side? short term indicators are very oversold atm.

The leading technology is hanging on the cliff. if NVDA falls it will be hard for the market to bottom here.

Pennant so breakdown is a little more likely.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397