Cobra's Market View

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Double top or not, wait and see.

It's a morning hourly filled black bar

Pausing at what seems to be resistance/support level. Not very impressed by the "It's Monday" rally so far.

Staying within the one to two sigma zone off VWAP. Also staying on script with that support/resistance area. So chopping around as we wait for Alphabet tomorrow.

Maybe the low was in for today. Could be a high low though as illustrated by dashed blue lines.

Breakdown is more likely.

Can't stay above VWAP. turned down at VPOC but 7,500 has offered support three times today. Get your popcorn for the closing show !

SPY 5 minutes

A playable, but bumpy, ride down the hill.

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