Cobra's Market View

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Double top or not, wait and see. I doubt though.

open inside day, anything goes...Friday like this we may go nowhere, manage the risk and be nimble that's my trading plan. less trades is best.

only 200 points to 7000 on /ES. it's round number thingies.

Never under estimate the power of a X00 price level.

Should assume a major call wall sitting at 6800. Along with that goes the thought that dealers will defend and actively sell the market as we get close.

The pullback for now looks like a bull flag so bias is up.

Full credit to Julie Wade on X trolling for subscribers. She figured the dealers would get aggressive at 6790 which was a bit low. But they, or someone, is really stopping the market just short of that call wall at 6800 so thy can book premium.

Woke up late.

Fired up the desktop.

Avast eliminated my broker app. Gone. Just a blank icon in the task bar. Gawd.

Find the right download. At least Avast did not prevent that. At times in the past, it did prevent some downloads.

I think I might abandon Avast. It is an AI and decides what I can do. Grrrr

I always get everything working again. But ... Ghaezus.

Half an hour wasted.

ES daily.

Breakout. Eyes on the top? Ha ha. It is the top.

All time high.

Blue skies above.

Approaching danger zone? Of course.

Sustainable? Not forever. A very serious pullback is necessary. A crash? Nah. I do not think it is that out of whack in terms of P/E et cetera. But, there are political considerations, and global conflicts. Anything is possible. Gold. Yeah, that's the ticket.

The market itself? Crazy. So many big players. BOTs. Retail traders. All aboard!

ES hourly.

Breakout, as with the daily.

Up to R2, higher level.

Darvas would be very happy to see his method still working.

ES 5 minutes.

Nice moves. Looking for more.

Time to run some stocks scans, methinks.

DIA.

The Dow is breaking out.

Throw in without any other considerations? Nope.

Do you want the situation on the right, or the left?

A long time ago, a "guru" I followed said the situation on the left
gave the "proof in the pudding," as she called it. Safer of course.

Dave Landry teaches this also. He calls it a Trend Knockout.

But sometimes it does not pullback.

If you are that hot to enter, drill down to a lower time frame, and enter there.
You will find a pause or pullback at some time frame.

Possible 3 push up.

Cobra wrote: ↑Fri Oct 03, 2025 12:48 pm Possible 3 push up.


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Nailed it boss! good call.

This dip will be bought, It's Friday, Peace!

The rebound probably will be sold as likely it's a 2 legged down.

Unless something exciting happens, it is clear to me where the line in the sand is for Monday.