Cobra's Market View

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Generally it'd go like this:

It's a morning hourly hollow red

Are we there yet ?

This bull shall have legs. No sharp pullback in the next couple of bars then it's an uptrend day.

So far just a pullback in the up trend. I have Super Trend Unlimited set to trigger on a bar close rather than a touch so it has the ability to dance on the edge of a switch with a flat price line like now. It makes it more entertaining.

Jim Cagnina @NinjaTrader_Jim on X (free brokerage daily) before the open.
Targets for the Bulls

6725 – 0DTE Put Support & HVL
6730 – GEX 4
6740 – 0DTE Call Resistance & Gamma Wall 0DTE
6750 – GEX 1
6777 – 1D Max
Targets for the Bears

6689 – S1
6679.5 – Previous Low
6667.75 – 1D Min
6658.25 – S2

Looks like we are hitting that Gamma Wall. Thinking we need something more in the news flow to break through.

Staggering at Friday's high. That GEX 4 level at 6730 is certainly showing some support with the 2,500 tick bars.

ES 5 minutes.

Oh my. Helluva move. 30 point move in an hour. Gheezus.

But I missed it. Dayum. Another bus coming along? Yeah. But missing that one hurts.

Here on the west coast the 630 starting time is a bi*ch.

And it is just about impossible for this night owl to get to sleep before midnight.

Missing that one pretty much is going to force me to get to sleep at 1000pm. Gawd.

Swing trades, fine. But I really like day trades, and for me, the best ones are between 630am and 800am or thereabouts.

Possible bull flag.

Ha Ha, I used to dislike being in Mountain Time with the 7:30 open. Four years of Pacific time is bad. However, El Zorro who is now 2 years old makes sure I am up by 5:30. Summer we are 30 miles from Canada so it is usually light. Winters we are 50 miles from Mexico and that gets to me, sitting in the dark. Especially on those BLS data release days where you need to be thinking by 5:30 in the pitch black.

The pullback probably will be bought again. May touch the EMA20 below though.

Low volatility day. Just noting how the obvious option strike levels are significant today.

Back from the nature called. well well well........the rate cut bump couldn't stop the bulls run, could it? S/R is clear. Moon.....

Swing setup: dip will be bought. no chance of reversal until then.....Peace!

Intraday: overlaping, an early sign of RTH high of day. buyers time to take some profit. see you tomorow.

Going nowhere for an hour and a half.

Fun times for Open AI and NVIDIA moving the market. My opinion is which walnut shell is the pea under.