Cobra's Market View

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Higher low (red arrow) so the low was in? Hmm, maybe not that simple?

SPY 5 minutes.

the bulls are awake this morning.

But, the market is more down than up today, includingbthe overnight.


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The buyers are reluctance even on Monday.

Consolidate in time or in price remain to be seen. as of now, the mood is not bullish.

The rebound is getting stronger, good sign but probably need another revisit before a bottom can be confirmed unless sharp up from here.

Looking down, next reasonable short term supports.

No fear, No bear! calm before the storm? $VIX will be the telltale signal. Peace!

So far went as dashed blue line illustrated. The revisit low was larger than I thought so I honestly didn't expect the dashed black arrow rebound. Now I don't expect up much from here as the rebound looks like "someone said something".

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374