Cobra's Market View

Up 2 weeks in a row, the next week has 54% chances to close up, 76% chances to make a higher high.

So more up.

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

SPY hourly.

Sunday night on the west coast, midnight arriving in 75 minutes.

So how do things look as the new week approaches?

OK, not great.

Climbing the wall of worry throughout September.

Up two, back one. Repeat.

Heavy volume at the end of regular trading hours.

Breakout on Wednesday.

A little bit ominous on Friday. Hard candlestick down to end regular hours trading, on very heavy volume.

So far the overnight ES market is not tipping its hand (see below).

My bias slightly favors the bulls. Subject to change at any moment.

OK, I am awake so I checked ES.

Aiyahh. Aside from some other holdings, I am not in ES.

And my bias is still up, but not for scalps on ES. Short on ES? No, although there was been a signal, which I missed, for a very, very short term scalp.

Time for some sleep ...