Cobra's Market View

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Higher low or not, wait and see. I give it 51% chances.

Looking down.

Ugly profile from Globex session. Looks like the AI fan boys are not having a good week. On top of the Open AI IPO being postponed for a year we see that capacitor pries are up 20 X making memory look reasonable. They need something positive over the week end or the 401 K crowds could decide to get out after their weekend reading.

It's a morning hourly hollow red

Gap and no go. same play book, find excuse to sell under 38.2%, new swing low, it is bearish bias.

Stops at yesterday's point of control which is also a significant fib level. So will it be the pause that refreshes or the end of the line?

Good up then consolidation so bias is up as consolidation usually means continuation.

Haven’t seen much from Trump on social posts lately. Wouldn’t be surprised to hear he’s opening the Strait of Hormuz for the ninth time.

Look at Bollinger band dead cat bounces, first one and second one, there's reluctant to gain strength until sell rips. This time it's more aggressive to bounce, again until we hit the rip to tell if the bottom buying is for real. swing set up is continuing to be on sell the rip, until then.....

Intraday: look below and failed, a closed above 61.8% we will have a bullish piercing candle. this market is so bullish don't you say?

Swing setup, this rip will be sold, first thing first. this is when multi-time frames analysis comes in handy.

As we grind out quarter end re balancing the pattern becomes more obvious. Waiting for July when the herds of cape buffalo stop moving and the buyback juice is on hold.

New sell new box, make or break. It is FRIDAY!!!! Peace!

Straights, Tankers Trump- Well here is Double Hull Tankers, what more of a sign do you need? (Hint for our Canadian friends 1776 is a significant year in American History and we are almost at the 4th of July)

If we break VWAP 1 sigma line is a pretty obvious target. Nothing has exceeded 2 sigmas today so I am guessing 1 sigma would be it.

Seems like a higher level of consolidation. Maybe more up from here?

grandeG wrote: ↑Fri Jun 26, 2026 1:52 pm Seems like a higher level of consolidation. Maybe more up from here?

I marked out the heart of the four day volume profile. I think we are stuck in a range with occasional breakouts in both directions that have yet to actually move us for more than a partial session.

The fact that Open AI got their IPO pulled for a year by the investment banks says only the hardware side is worth owning and you have to question how long that will last. I think the other problem is the half life of President Trumps market moving tweets. He is rapidly approaching Jim Cramer status.

Here's the bull's last defense. Decisive breakdown would confirm the lower high. Key time.