Cobra's Market View

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Always assume more up when not sure up or down from here.

ES daily.

Third higher low in a row.

Up to the EMA 20.

In a base beneath the EMA 20.

ES 60 minutes.

Up from S3, through S2, through the Pivot, all the way to R1.

In a base, bottoming on the Pivot.

ES 5 minutes.

Chopping along. Trending down on the 5 minute chart. That can change in a flash at the open.

ES 5 minutes.

Moving on up.

The bulls are making a stand, after "bottoming" on August 18.

Breakout to a new day high with a good looking bull bar in the next couple of bars then it'd be an uptrend day.

Clear breakout so it's a confirmed uptrend day.

SPY 5 minutes.

Nice moves on the 5 minute chart.

nosebleedy

Swing setup: Dips will be bought, HH and above 5 DMA is clear.

Intraday: There is no contest from Bears today. bulls are still want to closed above the red line to maintain a positive price action.

With all the cheerful moment, on a daily trend following setup, we are marching into a sell zone. In a next day or so, I will pay attention to a short term turn signals. Multi-time frames basic. what is time frame of your trade? Peace!

Breakout is more likely.

ES 5 minute.

Trying for a breakout.

Needs more proof.

Back later ...

It's the very first touch of EMA20 today so could attract some buyers, although sometimes it only good for a scalp.

Looks like we are closing in on quite a few "up" hours in a row. 8?

Any chances of end of day sell off? Looking slim, but bears last chance, imo, what little energy we got