Cobra's Market View

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Testing EMA20, need break it decisively to signal that the low was in.

ES daily.

Resting on the support level.

Day 7 in this trading range.

Very strong move up since April.

More to come, most likely. All in? Nope.

ES hourly.

Chop. Chop.

Gap down to the Sunday open.

Climbing back up.

Clinging to the EMA 20, like birds on a wire.

ES 5 minutes.

Moving up a bit since the midnight hour.

In a wide trading range, watching and waiting, making moves intermittently,
playing the game, managing money, in these uncertain times.

The one certainty is chaos.

ES 5 minutes.

Breakout or fakeout? Don't know yet.

Look for a pause or a pullback, and then what happens after that.

Welcome to the chopfest,

They are back, daily trend following = dip will be bought, this is uncertain time at all time high, waht chaos unlike in the past uh? easy money then...really? LOL.

ES 5 minutes.

Failed breakout.

Decisively down through support.

Are the bulls dead? Ha ha.

If they come back from this, then they are very serious today.

ES 5 minutes.

The bulls are back in business. Ha ha.

Shootout at the OK Corral.

swing setup: in buy box, bears almost got it this moring not any more.

Intraday: inside day, anything goes....Monday chop 80% of the time. be nimble, same playbook, daytrading never easy.

ES 5 minutes.

Where do you place your bets?

There is no conspiracy here, just bulls and bears putting money down.

Trend from 0030 says it goes up.

But the bears are in fighting form.

Bullish optimism. Bearish concerns.

Interesting. We will see.

Day trade.

ES 1 minute.

Is there money to be made from this action?

Yes. But it is not for the faint of heart.

17 points, up and down. $50 per point for one contract = $850 says my calculator.

Let's be careful out there. Ha ha.

By the way, I am mostly a momentum trader, rather than playing fades.

/ES 6300 key S/R, resistance atm and also @61.8%

When in doubt, check your A/D line, day #2 on the top here. it is what it is.....if it's too hot get out of the kitchen. haha

Higher low therefore the low was in for today? Not sure, could just be a range day, i.e. the rebound would be sold.

Bears are no match for the bulls today, based on price action so far. up above 61.8% she will fly........

Bulls are not all that well either, took too long to take off. internals are still negative. Manic Monday it is..... Yawning ...