Cobra's Market View

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Lower high or not, wait and see. It's Sep 11 so as long as CPI is not too high then it should be a patriotic rally so at least the yesterday's high will be tested.

ES daily.

The breakout has not slipped back down into the range, as of yet.

For this trader, the bias is still up.

ES hourly.

Ugly chop.

And a huge fakeout spike, an hour ago.

ES 5 minutes.

Aiyahh.

I have not checked the news, or Fed activity.

But I do see the spike down, and then back up, just a bit slower.

"Let's be careful out there," said the Roll Call Sergeant to his police officers.

https://www.marketwatch.com/

"Aye, there's the rub" means "that's the problem," or "there's the obstacle or difficulty". The phrase originates from Shakespeare's play Hamlet, specifically the "To be or not to be" soliloquy, where the "rub" refers to an impediment or a hitch in a situation.

Looks like market is pushing on up on rate cut expectation, well, the pivot level is clear for bulls and bears alike. bulls will have to keep pushing on up and up and up.

Swing setup: this rip will be sold. first thing first, Buy/Sell until it fails....same playbook different day.

ES 5 minutes.

Trying for a jailbreak.

All the gunslingers have their finger on the trigger, watching each other. Ha ha.

Up or down? Don't know yet, but the bulls have made an attempt to move it up.

ES 5 minutes.

Key time.

Hitting the pause button.

But I gotta go.

Back later ...

The 2,000 tick chart shows three push up. Volume profile is not very Gaussian, expect some backing and filling.

Media saying the 10 year is now pricing in the rate cuts.

ES 5 minutes.

Trying for a breakout.

I am still watching.

But I gotta go. LOL

ES 5 minutes.

OK, it moved up and took me out.

Now I gotta go.

Have a good day.

No end from intraday, 30 handles from this morning low. new swing high, it is bullish bias. this is RTH high, market will never top with overnight high, therefor if the market to be a high and end the trend today, we will have to have excess on the market profile

Fibo fans: hit a snag at 161.8% but no excess on the profile.

So far it's an uptrend day.

3 more minutes we will have a sell signal triggered for swing setup. first thing first.....

The box, new sell, new box, make or break. that's all TA can tell you. the ins...and the out......keep it simple.

There is tiny excess at the top. let the process playing out. pop corn time.