Cobra's Market View

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Generally should be another leg down for a solid bottom, generally.

Intraday: inside day, inside the no man's land, anything goes...

It's a morning hourly filled black bar

Grass hopers, this rip will be sold. first thing first, the dead cat bounce is now back inside the BB.

Rejected by resistance (blue line), probably will try again.

Swing sell setup; new sell new box, make or break!!!

The beauty about trading system is that it eliminates the bias, a high probability of a trade setup that's all.
Intraday: na da, inside day, no man's land, until the sellers or the buyers can gain strength out side of 38.2/61.8% zone then something will happen. it's balancing act in market profile, or an Harami candle. Peace!

[/attachment] Why would the market be anything other than flat with so many fees on the line for the market makers. They dare not let it seriously drop or all the IPO fees go away. Then the CTA's and discretionary funds are all waiting for the new Fed Chair to show his hand. I accept the forecast of flattish until both events show us the way forward.

The pullback is larger than I thought. Now hopefully it hits the range low therefore a rebound is due (I don't know, just hope).

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

SPY 5 minutes.

Got some ups.

But then down the slope.

I am OK with it.

Burn off the excess.

CROX daily.

Even on a down day some stocks are doing well.

O'Neil Cup and Handle.

Breakout above resistance.