Cobra's Market View

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3 push up? So a pullback is due soon?

ES daily.

At the top of the very wide trading range.

It is attempting to break out. Bulls are pushing.

but the bears, who are selling, know how fickle the market is. War and tariffs create chaos.

ES 60 minutes.

Monday and Tuesday were good for the bulls.

Today is a standoff, in a range.

ES 5 minutes.

Up this morning.

Flat for over an hour.

What to expect today? The bulls are frisky, but the bears are present also.

Bias a little to the upside? Not worth putting money on it so far. Need more candles. Ha ha.

https://www.marketwatch.com/story/a-let ... =home_lead

Opinion: ‘A lethal combination’: War and tariffs are recession triggers the stock market hasn’t fully absorbed

Double shock is the bad outcome. Adverse effects from both war and tariffs, leading to a slowing of global economies.

ES 5 minutes.

Testing resistance, looking for a breakout.

Make or break?

Keep it simple, trade what's in front of you.

ES 5 minutes.

Breakout? No. Fakeout. Yes.

Aiyahh. Sharp decline.

Opened at 55, went to 60, dropped to 50, back to 55. Looks like the options market is in control today.

2000 tick chart showing 21 n ATR at 9. Haven't seen single digit ATR in months.

ES 5 minutes.

Aiyahh. It's a tennis match, watched from the side. Big hitters.

Taking a break, back later ... I might put a sound alert on. Ha ha.

Testing day high, if it's a range day like so far it appears to be then could be a pullback here to day low.

My question in a week to come, is this a GAP and GO or No GO? the gap level will tell going forward. Only price pays....

Intraday: new swing high, it is bullish bias, bears need to see a trade below 38.2% before I can say look above and fail. plenty of support on the buy side atm. peace!

Market has flat lined. Can't exactly scalp with a four point range

Maybe finally this means the low was in for today.

I gotta stop posting. Obviously this is no longer a dead market.