Cobra's Market View

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Don't know whether the low was in or not.

Alternative investments

for one week

USO leading. TLT trailing.

Bias to warfare?

ES daily.

Slipping down to the support line of previous all time highs in February and March.

Bias is still up. Risk-on money is in a pause.

Once again, the markets are waiting and watching, due to tariff uncertainty.

ES hourly.

Down. Down. Down.

In a range at this time, resting on the Pivot.

Awaiting further orders umm developments. [I am not a conspiracy guy, except for Pearl Harbor, Coventry and the JFK assassination.]

''Further orders'' reference was probably just the words from Fawlty Towers, "Don't mention the war." Ha ha.

ES 5 minutes.

Chop. Chop. More chop.

No man's land, same playbook, trade what is in front of you.

Then and Now. over the band bullish, we have the turn signal, but how dip? that is the question.

Those who bought last Thursday have yet to find a way out.

This is the problem of bearish side, A/D line is positive this morning. bears need follow through, not like this.

6275 seems to be the key level. It looks like a sumo match between the bulls and the bears pushing back and forth around that level which was Wednesdays close.

Volume profile overall, good support@ last consolidation range. be nimble.

So far it's a range, so the current rebound probably would be sold around now to upper blue line.

Fear not market, boring sideways, but it's calm and cool so far, I am checking out.Peace!

Still in a range, now heading toward the range low (lower blue line).

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381