Cobra's Market View

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Don't know the rebound means the low was in or not. Recently the pattern has been up in the morning then down down down till the close.

Do or die line for intraday, 5 DMA battle.

ES daily.

Riding along on the EMA 20.

Beneath the resistance level of the trading range.

ES 60 minutes.

Ugly chop on the hourly.

ES 5 minutes.

Nice move up before the open.

Now it has slid back to a support level.

Price action 101, test range high failed, now is looking at testing the range low.

Intraday: new swing low, it is bearish bias, $VIX is down >10%, calm market we have here, LOL.

This is fearful market. Peace!

Don't know whether it's the higher low therefore the low was in for today or not. So far it's just a range day.

The last 5 bars look like a pennant or bear flag so maybe still a small leg down to test the day low from there we'll see whether bulls can make a double bottom or not. Not much time left for bulls though.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377