Cobra's Market View

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Maybe it's a price channel, so the move now is a rebound from the channel lower boundary to the upper boundary?

Intraday; inside day today. anything goes....

Center of gravity for the 1st half hour

Larger context.
The big one comes out on Friday. The experts have been claiming the BLS has a large political bias these days and the monthly jobs report is no longer taken seriously by the major banks. However we are all the victims of Pavolvian conditioning when we see the headline number. Big problem is a good number for the White House is bad for rate cuts! Yet another reason to stick to day trading!

It's a morning hourly filled black bar.

Volumetric chart was boring so I switched to dark with think or swim price bars AND dropped to 15 minute. I like the day's summary on the right hand side.

Possible higher low (green arrow) so the low might be in for today.

Swing setup: Last sell was a success, rip will be sold. Intraday: new swing low, it is bearish bias, Range day, boring today. Internals: bullish bias, consolidation phase on a bigger time frames overall. Peace!

Bonus charts: Hourly with EIS bar assist, HL is still in good standing, suggesting buy the green bar on HL. Dow theorists? Transportation is struggling, high water needs to lift all boats.

Testing day high, might, just might be a pullback here first which likely would be bought later, I don't see a new high being a problem.

This bull shall have legs.

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

Let's keep our eyes on Corporate bonds. Considering the state of sovereign deficits, Inv.Grade Corps are probably the safest bonds around. In simple TA terms, note how LQD tested its (upsloping) 200day SMA twice in April, and now has closed above the 20day. Next target the (downslope) 50day SMA?

Summer is when stocks are seasonally weak and bonds are seasonally strong.