Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

Pennant, bias is a little bit up.

The uphill battle is stalling into the 5th day. lets roll the dice!

another rejection at the high again, well.....selling with a popcorn I guess. gap and no go so far.

ES daily.

Pause at the top. 5 days wide.

Sitting on support, at 6757.

Will it move up or down? Don't know yet.

But my bias is still up.

Hella good trend up, although it might be out of fuel.

ES hourly.

Sideways.

Although it did try to move up.

And now it is diving down hard.

When it rains, it pours....

another bag of popcorn please.

This second leg down has had a heck of a lot of backing up.

I was wondering how many times we could make a new high on declining volume. Now I have to see what the pro's say about a wave count.

Swing setup: new buy triggered, new box, make or break. first thing first. Peace!
ATR = 6, 12 handles stop.

Should be another leg down, at least a higher low. EMA20 now is the most likely place where the another leg down starts.

Possible double bottom.

Chart for the road: I used HYG a lot to measure strength of the $SPX, lately I see some change in HYG behavior since the AI index were more and more of interest to the investors. so.......don't count on HYG so much? market should be a lot lower if HYG is still having any weight on it. just Hmmm......Peace!

Another chances of double bottom.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397