Cobra's Market View

Down 1 week, the next week has 60% chances to close up.

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

It appears we are experiencing a typical December. First half not making any real progress, but the latter half should show improvement. Will Santa reward the bulls with a new all-time high in the near future? The Fed may have established a new trading range. It’s likely options contracts with a short expiration date (10DTE) are also playing a significant role. For day traders, this can be great. Personally, I prefer days with higher volatility. So, should we hold Friday’s low and move towards the top of the range? Only time will tell.

"it is what it is Department" Toppy bullish consolidation phase, the range is clear,until the bottom falls out then we can say this looks like the last peak, this is the time not to be aggressive on either sides, until the clear breakout. Patient, React, and Don't predict. The short term momentum are not so bad. Zooomed in, choppy consolidation range, if it's too hot go out side, it's Holiday season anyways. Swing setup: next rip will be sold. Intraday: Friday was urgly, negative price action, same playbook, keep it simple sell under 38.2% buy above 61.8%. be nimble don't ruine your year end. Peace!