Cobra's Market View

Up channeling, now it's bullish bias, range day overall. time to walk the dog, or range trade method of Buy low sell high today. not worth it. Peace!

Real time market info looking like a consolidation range so far.

Range trade method, until the new HH or LL established. Buy Low/ Sell High. for education purpose only. Peace!

Been scalping for cups of coffee and then wasn't paying attention and typed in my sell limit wrong, first small loss of the day! LOL! Always learning something!! LOL!

Lower high so we finally know where the range high is?

Adam Mancini, 30 minuites ago:
After weeks of clean trending, price #ES_F has two options:
1. Basing/chopping for a new rally (this week so far) or
2. Vertical selloff

4630 decides it. As long as defended, 4675, 4690, new ATHs in play direct. If retested now could fail, opening a rapid sell to 4560 buy zone

So now we know the range low.

Pasta Boss, pretty much matching up with what the other prognosticators are calling that I see on Twitter. Question that needs an answer is what would drive market higher. Know for sure that debit ceiling crisis is almost on us and when that is resolved Aunt Janet is going to suck up a big chunk of the reverse repo money. Know that earnings was hard on stocks this go around with many like Disney being punished by market with unrealistic expectations. We are told holiday spending will not be good. But media always manages to put a positive spin on that untill the hard numbers show up in January so maybe that will be the trigger to vacume up the year end retirement deposits into stocks instead of bonds.

thanks cats boss

Watch VIX at the close.
If it CLOSES below its top bolinger band it will trigger that famous buy-spy signal

So if everybody is going EV they will all need equipment.
“The Renewable Energy Equipment Index is a bit of an odd one inside the tech sector.” $DWCREE 
Julius de Kempenaer (stockcharts “”expert””) is plugging one stock in that sub sector:
PLUG … worth a look

The eleven sectors are all showing RED heikins on the daily
EXCEPT Materials XLB and Staples XLP (defensive)

look what the fidelity traders are up to today
https://eresearch.fidelity.com/eresearc ... ders.jhtml

NYMO

NAMO

Breakdown should be more likely now.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397