Cobra's Market View

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Typically the rebound means the low was in. We'll see.

ES daily.

Day 4 in the pause/pullback.

Sideways candle.

Finding support at this level.

Above the EMA 20.

All is quiet, for the time being.

ES 60 minutes.

Ups and downs.

Fades and breakouts.

Going nowhere at this time.

The indexes are up this morning.

ES 5 minutes.

The breakout attempt has failed.

Back in jail.

Likely to settle in the higher range, for the time being.

ES 5 minutes.

Down to the Pivot.

Look out below. Dive. Dive.

Overnight push can not hold the day, day #3, back in no man's land.

It's a morning hourly filled black bar

Elevator up escalator down.
Elliott Wave forecasters I follow all have the recent high as a 3 up and the new low as four down. So they were thinking we should be headed up in a wave five for new all time highs. Looking like the launch count down has been paused.

Swing setup: no change, rip will be sold. Intraday: We have a swing high that acts as if it will fail like the other days. let see, in the no man's land for now. Internals: it is bullish bias, very confusing day today overall. Peace!

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387