Cobra's Market View

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Probably a rebound here first which likely would be sold as likely there'll be another small leg down at least.

ES daily.

Pullback.

Any worries? It is nearing the EMA 20.

ES hourly.

No worries on the daily.

Any worries here? Yeah.

Down on Tuesday and Wednesday.

Down again today.

Strong moves down by the determined bears.

Breaking beneath the Pivot and S1.

ES 5 minutes.

Down, through S1.

Testing beneath 6662.

Lookout below? Not yet, but be careful.

Well, lower range?

Intraday: Gap play, go or no go ?

I guess that whole sell Rosh Hashona is coming into play. Although I was hoping for a little bit more of an upside target I’m enjoying this minor flush. Thanks for the great charts JFR! You and the other guys always have some great information!

Some degen just loaded up on calls. I guess thinking today is a good day to play a move up?

bear trap action so far.

Fun TA day, new swing low, it is bearish bias, a lot of resistance above,

EMA20 now is the bear's last stand for another leg down. My guess is the low was in for today.

Supposedly 6665 is the dealer gamma flip. It does look like a line in the sand area.

My bigger picture. The wits are posting that this is the hangover for those who over indulge in Fed actions.

Consolidation, bias is up.

There was a clear pattern. Probably broken now, but time will tell.

A deadly bear trap day. bull market is well and kicking.

Market seems to be struggling here. Break a little lower and maybe retest today’s low?

side ways range day, nothing more. Peace!