Cobra's Market View

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Maybe a price channel here so the pullback is to test the channel lower boundary.

ES daily.

In a very wide, continuing base.

Trying to break out upwards.

Well above the EMA 20.

ES 60 minutes.

Taking away the gains of Thursday and Friday.

ES 5 minutes.

Down through the Pivot. Down through S1.

Opportunity knocks for some.

At a strong support level.

Testing that level.

Back later ...

It's a morning hourly hollow red

No sharp rebound in the next couple of bars then it could be a downtrend day which usually has a sharp rebound before the close though.

Guess the low was in. Bears are useless as always.

Swing setup: new buy, new box, make or break. consolidation is here until Santa is coming to town....you better be good.

Intraday: New swing low today, it is bearish, if we pay attention to 5 DMA, the sell off is quite strong. for day trade find excuse to sell under 38.2% same playbook.

Internals: sellers are back, well, they were here many many time before but life is so good out there, people eat and shop like there's no tomorrow still. be careful buyers! peace!

60% chances the pullback would be bought. 40% the rebound was a vacuum up now vacuum down directly to the day low.

Covert under the radar layoffs happening many places. Me included..

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374