Cobra's Market View

As usual 2 legged up move and again slamming into overnight low for a pull back. You know we are stuck in a range without tweets or something but it is less boring to pretend something could happen.

So far I am beginning to appreciate Andrew's pitch fork.
woops, that was overnight high.

Great Joke from Zerohedge on twitter
"Each empty apartment in every Chinese ghost city will receive 5 Huawei cell phones."

Chart for the road: indecision as far as price action, momentum indicators are crossing bearish today, bulls beware. poor Hi and poor lo intraday today got me yawn..... Peace!

don't fall for a dead cat bounce if any tomorrow. just saying......update chart.

Sorry to sound like a broken record but ES prices with a zero and somewhat with a 5 are supposed to be big time options strike levels. Or any other theory as to why ES 2990 is a true wall today. Only remaining question is do we hover or do we sell into the close. Unless the big boys dial up a ramp express to move things back to 3,000 for the close.

if the rebound can touch the blue line again then a breakout on the upside would be more likely.

HAPPY HOUR

well, that's it for today. here's what Tuesday looks like. 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/tenpp