Cobra's Market View

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Maybe it's a rising wedge, still in early stage so maybe still some up rooms.

ES daily.

In a very wide trading range. At the top of the range. Needs a breakout.

ES 60 minutes.

Strong move up Thursday. In a range between 4176 and the Pivot. Testing the bottom of the range.

ES 15 minute.

Sliding down the slope. Testing down beneath the Pivot.

ES 5 minutes.

Just chopping along, getting nowhere.

Back later ...

High chance of down trend day, not a boring Monday

Dollar strong, bonds weak weak, market should be well off surprising it is holding in there. smalls being up so much makes 0 sense to me

AAPL is trending:
JUST IN: AAPL launches savings account with a 4.15% interest rate (in partnership with Goldman Sachs).
No fees, no minimum deposits, and no minimum balance requirements.
This is the latest of many high yield savings accounts being offered by companies.
The era of large banks paying 0.01% interest is ending.
Large banks must raise interest rates to remain competitive.

Earnings due Tuesday, April 18
before the open: BAC, GS, JNG, SBNY
after the close: NFLX

60 MINUTES last night had an interesting piece on AI and google; worth viewing
https://www.youtube.com/watch?v=880TBXMuzmk
But goog gapped down, now -3.22% ... potential double top... POTENTIAL

Very boring day, no direction so far. Consolidation along the range low, maybe breakdown is a little bit more likely.

Alternative markets.

It is a mix, neither risk on nor risk off, in my opinion.

Risk on stocks not up.

Safe haven gold down.
Falling: DBC GLD SPYG TLT USO

Rising: IYR UUP

Up a bit: SPYV

5 DMA support breakdown will be 4th time that bears tried in couple weeks. we bottom here or down we go.....

LAYOFF humor
https://www.boredpanda.com/blog/wp-cont ... 8__700.jpg

Classic Monday, back inside no man's land. this must be the work of AI

Last sell setup, not much time left to have new LL from here. Peace!

Entering sell the rips zone on swing setup also, tomorrow will have a good move I hope.

ES 5 minutes.

Very nice move up. I missed it, away from keyboard. Ahhh, no worries. There will be another one coming along.