Cobra's Market View

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Looks missing a revisit of the low for a solid bottom.

As Cobra pointed out, there has not been a test of the low yet..so caution is advised.

There is a swing low, it is bearish bias, under 38.2%, buyers need to reach in them saving to buy up harder.

TA is making the most sense after the fact dead cross now? 20/50.

EMA20 now is the bears last chance for today to make another leg down.

Swing setup: new LL, down trend continue, rip will be sold. Intraday: new swing low, bearish bias, bulls need a lot of buying to turn this weakness around. Internals: another day with buyers lurking in, will see how we closed. dead cat bounce is due just no solid positive price action to call to. be nimble. peace!

Bonus chart: AI leader is now settling down, top is in.

Here, the revisit of the low is very common, the key is to see whether bulls can make a higher low or double bottom (sometimes a slight lower low). Key time.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377