Cobra's Market View

Down 1 week, the next week has 59% chances to close up.

MarketWatch

SPY daily.

April and May were outstanding for SPY.

Friday saw it drop 2.58%.

"It is what it is department" This is it folks, top of a century JK! this is the time when you have to believe in your system if you have one, your chart is your only friends.
First red EIS bar, the bullish switch is off, the bearish red light is on until the EIS bar changes the color. If you are a day trade, this is the time to trade volatilities and trade less on position holding. Daily trend following system of mine is moving into buy the dip zone. (RSI >30 = buy trigger) patience deep buyers for this time frame. Swing setup: do nothing, rip will be sold, until then will the bulls have a say. Intraday: can't get any more bearish than this in a day. same playbook different day, let the Fibbo leads. short term multi-time frames are in transition mode, time to take some vacation or go fishing more, less trade is best. day trade fast speed trade will be awesome in a coming week. know where your money is and trade well. Peace!