Cobra's Market View

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Double top or not, wait and see.

Many guru were calling for the top, a pull back of 5-7% is to be expected. well, what do they see? I saw a break out as of now. and on the $CPC it's hits another FOMO zone (overbought and very bullish). let see what the day brings.

Intraday: we are opening inside day. anything goes.... A swing is still in the buy box. if we are going to zero, it needs to break down today

Yea ! It's Monday and its earnings season. Ha Ha looks like the funds hit their target for today.

Maybe we are seeing a new strategy emerge. Do nothing until it is too late for a weekend news blast then pile in (or out) of high beta at the open.

ES daily.

Trying to breakout above the trading range.

Day 12 in this range.

It seems both the bulls and bears know that eventually it will move on up.

ES 5 minutes.

Nice move up at the open.

32 point move. $1600 per contract.

Not trying to get people gambling, like daytraders, but futures are a fast game, with money to be made. And it can be addictive.

Let's be careful out there.

Pullback here then it could be a 3 push up therefore a 2 legged pullback would be due so key time.

Cobra wrote: ↑Mon Jul 21, 2025 11:39 am Pullback here then it could be a 3 push up therefore a 2 legged pullback would be due so key time.


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I got that feeling also, 3 pushes, many overlaping on this run. weak.

Intraday: new siwng high it is bullish bias, well, market is really overbought short term, but that doesn't make it bearish.

So it's 3 push up. Always give bulls the benefit of doubt so assume there'll be another push up to make a slight new high then 2 legged pullback as illustrated by dashed blue lines.

So far went as expected. The current pullback has been slow so maybe the coming rebound can still make a new day high?

Nailed it boss!

Swing setup: enter buy the dip zone, first thing first....let see how the intraday buy will bring this time.

No solid support until high of Friday(RTH)

No new day high, went as originally thought. Now could be a rebound here first which likely would be sold.

Well this is looking like the classic Monday pop and drop.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374