Cobra's Market View

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Maybe bias is up.

ES daily.

Back to the top.

Needs a breakout.

The high, realized once again, could prove to be very strong resistance.

My swing trade bias is up, if it breaks out.

Daytrading and scalping? A different ball game. Something always happening there.

ES 60 minutes.

Moved up Thursday and Friday.

Very wide range now.

ES 5 minutes.

Chop.

But just after the opening, a downhill schuss.

Breakout low or fakeout? Don't know yet.

Line in the sand. keep it simple

It's a morning hourly filled black bar.

My crystal ball sees sideways to down, very over bought atm.

In the news, the big and beautiful bill will pass and the rate cut to follow, more complaining among the us citizens who should run the goverment ourselves. LOL

paint a reversal bar today and tanking hard tomorrow will not surprise me at this junction.

Intraday: supports were strong, bottom might be in for today.

Possible 3 push up so maybe a little lower high then another leg down.

A minimum requirement for the turn down, so far the A/D line is still hanging up >0

Intraday: new swing high, it is bullish bias, a trade below 38.2% to seal the negative reversal day on my liking. again, market doesn't care what I think. Peace!

Maybe we the range low was in, not walking toward the range high which is around the blue line above I guess.

Spent most of the day to tag that opening level and it pulls back. Of course we have a really weird Thursday with all the jobs reports, so maybe they are being cautious until then.

They went for it, tagged the ON high and headed south. Can't call it a double top because the first touch was Globex session, but you could call it a low volume double top sort of a move.

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