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].

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

Some chances of a lower high here.

Daily trend following triggered a buy yesterday..

shorter time frames we have a mixed signals. intraday balanced area is clear, inside day, anything goes.....looks like we are going to open above 61.8%, so, leaning bullish in the range. lets roll lthe dice.

Looks like there’s gonna be a lot of chop again today.

It's a morning hourly filled black bar

Trading in the top half of yesterdays value area. So calling it a continuation. The third wave down is not off the table. If that count is going to happen it needs a trigger. That is not a low probability with our current environment.

ES daily.

Inching its way back towards the top.

Sitting on the EMA 20.

No Man's Land.

ES 5 minutes.

Sideways.

Range behavior.

All over the EMA 20.

Well 6700 is once again on the radar.

No go, back inside the safe space. LOL

ES 5 minutes.

Testing down beneath the Pivot.

Back later ...

Like watching ping pong

Strong rebound from the yesterday's low so maybe the low was in for today or close (as some times there'll be another small leg down to make a higher low or slightly lower low).

If market can stay indie the range (huge range) like this back and forward. there will be a lot of money to be made for the brokerage house. and the newbee day traders to get blow out into a little pieces.

Range trade is easy,. Buy low sell hi, only ATR is a little high to deal with. scalping at best to get 1:1R

a time like this my position sizing will be at the lowest. take what you can, Trade less is more.

Bigger picture, sure looks like head and shoulder, but intrenals are leaning bullish. Peace!

Things will change like they always do. But for now this count is looking solid. Gap down and keep going in the morning would really confirm things.Or retail may pour in again because it looks like a dip. We will see.