Cobra's Market View

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This bull shall have legs. Unbelievably bullish.

SPY daily.

All time high on Friday. 712.39.

We are right there.

Slight pause at the top.

All the indicators say, Go, Buy everything.

Sto, MACD. EMAs, Bollinger, marubozus.

But not the volume. To me, it seems we are rising on hopes.

But ya gotta play the charts.

And for me the charts say Buy.

SPY 5 minutes.

Small gap up. Failure to fill. Resume up.

All good.

Trend day up, or range day?

The bears are awake too.

M Macy's.

Posted on here in October of 2022.

Benefitting, as all boats rise with the tide.

I saw nothing else in the news for it, a quick look only.

A quick check shows good decent fundamentals.

Looking like a failed breakout to new highs in the globex then a lower high. They need a better tweet to move the bulls.

Get in close and these about i minute bars are showing a lack of conviction. Lots of wicks and tails.

SPY 5 minutes.

Aiyahhhh.

The bears are awake.

They see it like me.

Keep the expectations reasonable.

There is lots of bad news out there, lots of bad things happening, relevant to the market, tariffs and war to mention two.

Get way back and it starts looking like consolidation at the best. Market needs to show us a breakout one way or the other.

Double bottom or not here, wait and see.

Turn around Tuesday. swing buy setup no go.

From four hours ago. Interactive Brokers uses them on their opening bell charts. Seems somewhat helpful.

This bear shall have legs.

If this is a chaos, I can't wait to see how the sky is falling looks like. see you tomorrow, I am back!

I took their free post from Sunday night maked up the S&P and overlayed the ES on the same 15 minute bar basis.So far the only money would have been collecting decay as we are pretty well locked inside their range.

Bigger view. Looking for a move.Close up view. ATR expanding and when it is moving up time per tick bar dropping like a rock. Looks like the big guns are trying to move it up. Guess we will see by tomorrows open how deep their pockets are or if this is just harvesting 0DTE premium.

I was confused on 0DTE expire but the AI explained it. Many brokers force close a half hour before New York close, but some allow 0DTE's to close at that time. So the 3:30expire is semi valid.

Well that seems to prove my guess. Pushed it to VWAP at 0DTE expire then dropped. I think I win the tin foil hat award for the day!

Well, looking like a gap close. I suppose that big one down below is now on the radar.