Cobra's Market View

Dow 30.

About even between the greens and the reds.

Back later ...

Index futures and ETFs.

Two up. Two down. Although NQ, MNQ and QQQs are trying to turn down.

ES 5 minutes.

Down since the open.

Testing down beneath the Pivot.

Look out below.

Beneath the EMA 20.

ES 60 minutes.

Trading range since Friday.

Sitting on the Pivot. Danger zone.

ES daily.

Resting on the trendline, like birds on a wire.

Two dojis in a row -- indecision.

Low on April 19. Higher low on May 2.

Well above the EMA 20.

Eyes are still on the top.

Decent shape for the bulls, but the bears are making their presence felt.

WFC. Wells Fargo. Banking. Founded in 1852. HQ in San Francisco. I posted this one on here back in February of this year. Still doing well. Not recommending, just sharing information. Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and con...

Bias is up. Eyes on the top. Candlesticks show marubozus on the way up, and a hammer to start the move. EMAs 20 50 100 up, and in the correct order. MACD and its Histogram are up. Sto is maxed out, and yet to turn down. Price is pushing the outside of the envelope on the Bollinger. Economics, news, ...

All is well with me, but I am taking a break from blogging. 360_F_97841905_XStN4H8pIklLeM0QaoM4bw938aghAcWX (1).jpg Work life balance! catch the big one!, you need skill to fish, there is no skill in trading, Hahaha Ha ha. Work life balance is good. I always catch a fish, but from luck, not skill. ...

All is well with me, but I am taking a break from blogging. 360_F_97841905_XStN4H8pIklLeM0QaoM4bw938aghAcWX (1).jpg Work life balance! catch the big one!, you need skill to fish, there is no skill in trading, Hahaha Ha ha. Work life balance is good. I always catch a fish, but from luck, not skill. ...

All is well with me, but I am taking a break from blogging.

ES 5 minutes.

Bounce up off 5182.

Up to the EMA 20, where it finds some resistance.

ES 5 minutes.

Moving down beneath support line 5202 on my chart, and lower, down to 5188.

Back later ...

The indexes are up slightly this morning, just prior to the open.

ES five minutes.

Nice move up starting 45 minutes ago.

All the way to the Pivot where it meets some resistance (on the 1 minute, not shown).

ES 60 minutes.

Full day range on Wednesday.

Trying for a breakout above 5210, out of the box.

ES daily.

Inside candle, at the bottom of Wednesday's candle.

Beneath the EMA 20.

Moved down to the trading range that started in March.

Dow 30.

A sea of red.

WMT all alone in trying for some gains.

Later ...

Personal note. Last year we lost Caldera and Fumar. My partner has never been without a cat.So a month ago Zorro came into our lives. Yes he does like sitting on the key board. At four months old he does more than sit. We could not find another Chartreux so he is a very closely related blood line, ...

ES 5 minutes. The bear action has distorted the 5 minute chart, so I reduced it down to about 2 hours. Price is sitting on S2, making up its mind where to go next. I've been focused on bullish activity for months with my scans and plays. So, I'm going to take a break here today, until the market mak...

ES 60 minutes.

Huge bar down.

Through the Pivot, through S1, all the way down to S2.

And there it finds some support and a bounce.