Cobra's Market View

Up 3 weeks in a row, the next week has 53% chances to close up, 79% chances to make a higher high.

So more up.

Reading the tea leaves ...

SPY daily.

Helluva move up.

Indicators up.

Bullish marubozus.

So many things seem like bull shoot these days.

IMO even this bull market.

Things are not OK. Economy. Job markets. World trade. War. Chaos. Ill will.

IMO the market is up because the big players want it to be up.

Yes there are companies doing well.

But there is crazy volatility.

Low volume on the way up.

Can we profit in this environment? Yes. Selectivity. Shorter term trading. Focus on charts. Targets and Stops.

Is a sharp pullback coming? At some point. Pick up the pieces at the bottom for discount prices.

Thank you, Cobra and the Board.
I've found Cobra's public chartlist to be quite good.

FWIW and GLTA

0.2.0 Trading Markets Setups
rsi(2) for SPY: 99.88

0.2.1 Trading Markets Setups - VIX
rsi(2) for VIX: 0.89

https://stockcharts.com/public/1684859
https://stockcharts.com/public/1684859/tenpp/1

BNO US Brent Oil

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