Cobra's Market View

Also, put-call is just too low for up all day long. Currently .59.

I think top zone today is ES 1317.75 - 1319.25. Glob lows need testing.

2:50 area high per my earlier post.

My timing did not kick in immediately, and went lower than 1313.50. But globex lows have held and the next larger move was up. Targets here are 1317.25 and max high 1320.

I think recovery is on. We dipped below 1313.50 briefly but did not close below on 5 or even 2 min chart. Jumping a few minutes ahead of 12:43, if it continues higher after 12:43 then I think move up to 1320 poss.

Cobra you could be right. I don't think it will really turn up until after 12:43. But again if we form higher low here, or successful test, and 12:43 starts to move, then next points will be on upside.

BullBear52, you might be right about tomorrow but I am just talking about the next intraday move here.

If we go a bit lower then globex low support not far away at about 1312. Better for bullish case today if nothing lower than 1313.50.

If this level holds and market heads up after 12:43 EDT, then key lows are in and next move is up to about 2:50 pm.

Hi folks, my first post here. Reversal possible here from ES 1313.50.