Cobra's Market View

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Consolidation overnight, breakout on the upside is more likely.

If no follow through today, the pull back could be as big, bottoming process in a bigger picture.

Fearful market,

Not a good start. Red line.

This bear shall have legs.

It's scary when it went as expected

Dynamic ADX histogram looks like three waves down. Pretty easy to see where the bounce should be. If this support breaks not much resistance below 6303.
Fibs saying 6,000 zone for a target if this is a minute C down. Time will tell.

Read before the open that Goldman's most shorted basket was up 3.5% yesterday.

Intraday: new swing high, it is bullish bias, consolidation in the no man's land here will confuse a lot of people. break time.

Swing setup: new buy, new box, make or break. there is a lot of actions today. Love hight $VIX season.

Testing day low, let's see whether bulls can make a double bottom or not.

A claassic, bear trap crown reversal. Bulls secret weapon.

Haha stay in the zone.....

Didn't see this pullback coming. The usual pattern should be up and up till the close. Now still more likely the pullback would be bought but it could be just a lower high, could be.

ES 5 minutes.

Strong move down at the open.

55 points.

Trying to climb back up to regain lost ground.

>60% range day atm. chop city until the close? like Cobra, the last pull was stronger than I was expected, for that, to challenge the range high's chance is not on my play book, do nothing and trade less will be the safest. GLTA. Peace!

/ES if you trade them. liquidity level, no good trade until a breakout on either sides. keep it simple and walk away.