Cobra's Market View

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no idea up or down from here. my guess is down as it looks like a range high.

ES daily. Sitting on the EMA 20.

the members only update starts here: http://www.cobrasmarketview.com/2019/09 ... ay-update/

Overnight gap up on ES, NQ, YM and RTY. One minute.

ES. Five minute. Coming down hard.

Got some work to do. Back later.

Watching these trend lines for clue for direction....

Back to lower trend line...

Gotta post this crash. Busy catching part of it. Something with the news, he wonders? Ha ha Looks like another crazy day.

Back later.

My fast chart has a decent looking trend line from the 6 AM Eastern reversal in direction.
Software ate my 15 minute chart havn't spent the 30 minutes or so to re-create yet. My fault for not saving as a templat e.

bad start for bulls but as long as it's within the yesterday's range it's just a range day.

As several others have pointed out, broke down, on the short train now....

Watching this channel...

Or trend line for change in direction...

My humble attempts at price action says the low is in for now. MACD says up up and up but the 10 bar ADX is only luke warm on this move which makes sense as price is slowly climbing with the Keltner not rushing to it.

Zerohedge on Twitter-

Any trader who went to the bathroom 5 minutes ago is now fired

Actually it was a tweet from the White House in regard to China and portfolio limits.

Nice, double bottom on yesterday's low with a good retrace back to the level of the tweet. Regular trading can resume now.

Stop losses are necessary, but I'm getting chewed up.....

I don't know what's going on. so far it indeed is a range day and maybe the range low was in.