Cobra's Market View

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Near the price channel upper boundary and testing the previous high, let's see any pullback possible, I mean any dent possible.

It's a morning hourly filled black bar

Cobra drew this channel too, lets see how long we stay in it!

Moving down towards the bottom rail, see if we get a bounce soon...

Death Star strength tractor beam at the 25 zone.

The week has the look of a rounded top. We are done with news and earnings.
Watching China throw the kitchen sink at their failing economy, media saying they need a "what ever it takes" pledge.
Odds of any more Fed rate hikes are approaching zero. Evil site pointed out that todays payroll will br revised down over the next couple of months.

Gap up open and then fail badly. On paper yesterday's close should count but I think the overnight low a couple of points lower would be the stronger signal. IF it happens. Still traveling in bear country along the Cascade Mountains.

Needs to get back in the channel...

Trying ...

ES daily.

Treading water, going nowhere. Inverse Hammer.

Still well above the EMA 20.

ES 60 minutes.

Three moves up. Now down beneath the Pivot, trying to find support.

ES 5 minutes.

Under the Pivot. Sliding down. Choppy day.

The horizontal line is the next support...

4506 (around Wednesday low, is the next higher volume node where we could bounce. If that fails nothing until 4490.
At this point classic Gap up and fail down. If they don't turn it could be overseas follow through on Sunday and Monday leading to an ugly Tuesday. Or not.

Probably will resume down from here instead of a rebound.

No idea whether the low was in or not, typically, I'll need see it breaks the EMA20 decisively first.

Playing by different rules today! LOL....

ES 5 minutes.

Getting a bounce at 4507, just above S1. Seeking strong support.