Cobra's Market View

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Missing revisit the previous low for a solid bottom.

ES daily.

Helluva move down.

At a major support level.

ES hourly.

Somewhat of a recovery from Friday's crash.

Up through the Pivot, to R1.

Strong starts, but why rush let the hero in front line show the rope, haha

/ES 6700 round number. I am watching to see if there will be an acceptance there or not. 6740 is in my card.

Too much for a B wave, right in the zone for a 2. No mans land trying to decide what it wants to be.

Back in the here and now trend lines look like the advance is taking a break.

Day trade made simple. MA buy starts. do or die for bulls. up and up and up only.

Range to trade in coming week, the bulls or the bears? line in the sand is clear to me.

Testing range high, if this still is a range day then should be a pullback around here.

SPY 5 minutes.

What do I spy ... ?

Gap up.

Would it fill? At 715am it looked like - maybe.

Now - probably not.

But, the raging bulls of friday are still there.

Trade what you see. For now, that has been some fades.

Consolidation, breakout is more likely.

Someone likes 6700 /ES, well another 50 handles is nothing among friends. LOL. we are still inside day. be nimble. Peace!

The pullback probably will be bought again.

Double top or not (red arrows), breaks the blue line below decisively to confirm.

Chart for the road: swing setup: new sell new box, make or break. tomorrow will be a lot easy to trade in comparison to today. Peace!