Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

Looks like a pullback is due. maybe the CPI data at 8:30 am will provide the excuses.

Gap and go or gap and no go is the play, but dip will be bought also.

ES daily.

We are still in No Man's Land.

Resting on the major support line, 6261.

The bias is still up.

But if it doesn't go up, then it will eventually backslide.

If we keep on going down then we have an excess at the peak to day. (RTH)

ES hourly.

Up. Down. Up.

Going nowhere.

Bottom to top 80 points.

ES 5 minutes.

Backsliding, testing down beneath support at 6325.

High of yesterday or gap fill will be where the buyers will step in to save this gap and no go so far. 20 handles is nothing among friends. haha

DAL Delta Air Lines. Founded in 1928. HQ in Atlanta, GA.

Up 12.9% in the last week, leading my watchlist.

Its operations have done well since 2021.

A quick glance at the fundamentals shows decent value.

The chart is OK, but choppy.

Buffett once made the joke that he had one guy on staff whose only job was to stop Buffett from buying any airline stock.

Well since that time he has owned some Delta stock, increasing and decreasing his holdings from time to time.

Not recommending of course. I have no position in Delta.

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA. -- StockCharts

Look above and failed with excess on the profile, not looking good for bulls here. this will be a good early bird spot to be a bear. just saying....

No strong rebound in the next couple of bars then it's a downtrend day.

ES 5 minutes.

Strong move down, two levels, in a stair step.

Back later ...

Intraday: new swing high, it is bullish bias, the question now is, can the bulls regain the RED line.?

Generally at least a higher low is required for a solid bottom

A/D is not good to be bullish.

/ES 6300 is the battle level to have on both side, for now internals are with the bears.

Swing setup: entering buy the dip zone, first thing first, find excuse to buy for the last time.let see how the next buy setup intraday will do.

Went so far as usual, however the last leg down was strong so now need another higher low at least in order to make a solid bottom.

When Cobra agreed with me it makes the trading more manageble. Thanks Cobra for all of your insights.