Cobra's Market View

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The line below may not hold another test so better be up and up.

It's a morning hourly filled black bar

For now double bottom looks to me having 49% chances.

Swing setup: Wait for new sell setup, rip will be sold. Intraday: new swing low, it is bearish bias. Internals: bearish bias, bears need to see precisely LL, if not, bulls are not done yet. Peace!

Bonus chart: Inflation expectation, money is on the high side, charts are pointing up, get ready for rate hike?

It it's a range day (60%) then a pullback should be due around the blue line.

ES daily.

Day 11 in this extended trading range at the all-time high.

A doji.

Closer to the bottom of the range than the top.

Almost sitting on the EMA 20.

Starting to look a bit bearish to me. Failure to break out upwards. It will give up eventually and move down in a pullback. But the bulls are not beaten yet.

Today's SPY chart signaled bearishness in the premarket, then Net Option Flow switched the bullish at the lows of the day

Consolidation, bias is up, may touch the blue line above at least.

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