Cobra's Market View

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Try to break the resistance again, this time should have better chances.

Selling to continue..

This bear shall have legs.

Resistance level holds, bears are in charge.

Bear trap bigly. look below and fail, a trade above 61.8% will put the bear in checked!

Maybe it's a range. Need go out, be back around 3:30 pm

Stepping back it looks like bulls get one more chance, at best. The big and frequently mechanical rules driven funds are doing the quarterly re-balance. Usually means sell some winners and buy what ever looks reasonable.It will be done by Tuesday close. Then three weeks with no buybacks. Should be informative.

SPY 5 minutes.

Voltilty is thy name.

Another roller coaster.

Bears will not let it go either, what a fight. selling to continue.....

Intraday: new swing low, it is bearish bias with >60% of sideways action atm.

Big picture on BOND and YIELD. we are at the pivot point, if $UST getting higher from here, it's hard to sugar coated this market with "AI", the excuse will be the 'AI" pops. OR is it? this is where the pension and 401k maters. in a week to come I will put this chart on the top of watch list. Peace!

Was admiring the bi lateral symmetry of yesterday and today. Before the open the free stuff from the options services on X was showing the puts and calls on Micron. They were showing traders locking in profits and buying downside protection. So a wave of put selling at the open would have forced the market makers to sell the underlying stock. At the same time others are saying a huge short attack was staged on Bitcoin, also through options. So it the bottom line from the narratives on X would be the big traders came out to play before Micron and then this morning. Thus the huge increase in volatility that has now faded away.