Cobra's Market View

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Double bottom or not, wait and see.

ES daily.

Down from yesterday.

Above the support line, the high of March.

Resting on the support line.

All signals good, but it is not moving up, at this time.

ES hourly.

Down from Thursday.

Through the Pivot and S1.

Bulls and bears watching and waiting. Who will make the first strong move?

ES 5 minutes.

Sideways. For over 5 hours.

Tight little range.

Swing setup: this dip will be bought, first thing first, an early buy/sell setup into a day will be a good day trading .

Intraday: huge gap down, new swing low at the open, net short overnight, bulls will have to get the buy going as soon as the bell rings or it will be a rough day for da bulls today. Patience, React, and Don't predict is the game....

Find excuse to buy, Haha...

It's a morning hourly hollow red

I mentioned this chart yesterday. well, it is official to me now that the short term top of sort is in place, bullish consolidation phase starts, Chopville to be had in a week to come.

Intraday: new swing low, it is bearish bias, it's Friday, don't risk a good profit. Peace!

Chart for the road: How good of a trader are you? bear this range in a week to come. GLTA

EMA20 now is the bear's last chance for another leg down.

Possible higher low, i.e. the low might be in for today.

My guess. Probably in a range this afternoon.

So far went as expected. Probably there's another rebound to make a lower high before another pullback.

Seems still another push up before the pullback.

Maybe the pullback I've been talking was over, not sure.