Cobra's Market View

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The pullback probably will be bought.

Individula investors bearish.they are not buying this rally. from this chart, the upside is limitted.

short term, only price pays!!!

Swing setup: The way the market is right now this buy looks to fail. Intraday: same playbook. lots of air below 61.8%. P-shape profile wilth lots of emotions, short squeezed like move on Friday. lets roll the dice. another trend day will be nice.

Fearless market. $VIX is crazy low.

It's a morning hourly hollow red

If I have to guess, today is Monday.

There is 220 trading days in a year, >70% of those days are range days and Monday is the most boring day of them all.

I am not quick enough to scalp for 1 point . Waiting for a better day.

A day like today, get your best setup in with 2 ATR stop. 5 min. ATR is 4, if you can handle the draw down of 8 points, this turtle is not a bad day at all.

Steady up, maybe the low was in for today.

It's a cup with handle, breakout on the upside is more likely.

I got spoiled by all the 10 and 20 point runs. Market is clearly basing with an up bias to close the opening gap down, eventually.

The real move will probably be NVIDIA on Wednesday. So far we had a big up move on earnings because the CEO got a new tattoo, then we had a big up on earnings when the CEO claimed they had changed the laws of physics. Can't wait for the media spin this time.

ES hourly.

Spike move up on Friday.

Just chop today.

>60% range day atm. there's always tomorrow,Peace!

Looks like a decent channel for now. So it is limbo time! If it holds.

Hopefully it's a range which if indeed then should be a rebound around here.