Cobra's Market View

If I were right, ES just hit intraday bottom ~2814 for today....

P.S. Please note that any call for intraday top or bottom is just for speculation. I don't trade based on speculations, only through setups.

WTH... it's so rare to see a long swing setup triggered yesterday and a short swing setup triggered the next day. This is the first time to occur this year.

If there is another up leg for today, it should begin somewhere around here (ES 2853.xx)

I don't see any solid evidence so far to suggest ES turning south any time soon... My short-term signals are still a long wayyyyyyyyyyyyyyy to confirm a short-term top.

Just got rid of all of my swing/short-term long positions @ ES 2833. For next week, I'll continue to buy dips by using scalp/day trading setups.

BullBear52x wrote:bulls just walk all over the bears like nothing today

When it's an official up/down day to confirm short-term trend, it's NORMALLY a trending day which is why I rarely bet against it until around 3pm. Sometimes, it keeps going until market close and then, carrying on until next day.

All of my short-term signals are OFFICALLY up this morning. Swing or short-term bears are likely going to lose sleeps for the next few days/weeks

wow.......... It just hits 2750.25... I'm all out of my shorts.

If I were right, ES might be hitting bottom ~2750 today (it's trading ~2758 at the time of writing). This is where I won't hold any shorts and begin to scalp longs.

Like I mentioned yesterday morning, bears are officially running the show for these days... Hopefully, nobody here is on the wrong side.

Despite a quick run up, I still don't see signs of a bottom yet....

It looks like a double bottom now, but I won't bet on it because there isn't any buy setup to trade.

what are your "short-term signals" ?

A bunch of stuff that I prefer to keep secret

The last time it got triggered is during January 3rd to suggest market is officially in uptrend.

All of my short-term signals confirm that short-term trend is officially down starting today, which means bears going to run the show for a week or two.

It looks more bullish than bearish at the moment of speaking.

luckystar2006 wrote:Normally there is a down leg to retest previous low sometime today... Meanwhile, there are some tough resistances ~ES 2793.xx that are being test atm.

I believe this pull-back is just a small one, not the one that I mentioned above.

Normally there is a down leg to retest previous low sometime today... Meanwhile, there are some tough resistances ~ES 2793.xx that are being test atm.

What a brutal day for bulls. Hand off everything for now. Will scalp short again later today.

ES 2806.50 is tough spot to break down right now. It's likely going to consolidate here for awhile and therefore, holding short here is quite risky.

I'm also looking forward to see this gap close sometime during afternoon. Game plan for today is to scalp short every up move.