Cobra's Market View

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Breakout on the upside is more likely.

inside day open above 61.8%, bullish leaning on the price action. overnight spike high resistance off of Thursday created a mixed signal at the open.
sit on hands atm.

Need to see overnight high retest, or we are going nowhere Monday as usual.

Renewed strength, must be someone said something. Anyway, this bull shall have legs.

Cobra wrote: ↑Mon Aug 11, 2025 12:13 pm Renewed strength, must be someone said something. Anyway, this bull shall have legs.


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Yes it is....

Intraday: new swing high, it is bullish bias, we got the overnight high retested, now the bulls will have to stay strong, a trade back and closes under 38.2% will give us a bearish piercing candle, bery bearish...bulls don't want that wouldn't they?

Consolidation, resumes down is more likely.

ES daily.

No breakout.

Moving up and down in a range, since July.

ES hourly.

In a range, resting on the Pivot.

ES 5 minutes.

Spike up. Spike down.

Looking to breakdown, beneath the Pivot.

Swing setup: entering buy the dip zone, first thing first, stick to what you know......

Buy triggered, new box, make or break. Stops are in.....Emotions are out! Peace!

Going into the close the question is will the daily S&P bar be a dragonfly or a tombstone. More important, will we get another overnight squeeze or will the bears win two in a row.

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

ES 5 minutes.

Down to S1.

Where it gets some support.