Cobra's Market View

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The reaction to the job date so far is not bad plus shortened trading day which generally favors bulls so not bad for bulls so far.

ES daily.

Oh my. Testing above the all-time high.

The bulls want it. Bears have not capitulated. Yet.

Bias is up, with caution.

ES 60.

On this chart, from beneath S1, through the Pivot, all the way to R1.

And there it pauses, catching its breath.

It could also be 3 pushes up.

ES 5 minutes.

A breakout from a lower level.

Into a higher range, with R1 at the top.

No tipoff yet as to direction, up or down, or if it goes to range.

Bias a little bit up, but beware the bears, in the summertime.

Stock indexes, ETFs and Futures, all green.

Last night Smash Elito (on X) pointed to 6320 as the eventual upside target for today. We are pretty much there.

Everybody have a good long weekend!

Finally a little pullback which likely would be bought.

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