Cobra's Market View

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Maybe bias is up?

SPY 5 minutes.

Lots of action.

Bombing. Peace agreement imminent. Helicopter downed. Bombing. Deal almost signed. No deal. Et cetera.

Down so far today. No peace deal?

Chaos by the Chaos maker.

Buy triggered on a daily tend setup.

Intraday: HH bullish structure is still intact. overall, it's inside day, anything goes...bulls need to hold up above 61.8%. SPCX party time.

Strong resistance zone here. will the bulls survive? I think it will try again. market doesn't care what I think Tho.

My guess it'd be a lower high, i.e. the rebound will be sold before a new day high, just a guess.

This drawn out third push up is back down to EMA and next support, on paper anyway, would be the VWAP line. Other two pushes did that so waiting to see if number 3 stays with the pattern.

Whops, posted the wrong file first. This 2,000 tick is what I was referring to.

Well it took a long time to get back to VWAP. Unless something happens fast this is a doji on the daily. In theory we would drift sideways until the Fed next week.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377