Cobra's Market View

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Possible double bottom, say 60% chances. Sometimes there'd be another small leg down as illustrated on the chart though.

Overnight low but that's that, so....we are back up but under 38.2% open. leaning bearish, let's chop some more.

Outside of Fed Musalem’s speech at 9:15 could be another boring Friday

Vix at 25. ATRs are super high. ES standard 2,000 tick chart 21n ATR was over 20. This year usually in the 12 to 10 range.

I have three weeks on this chart. Using yesterday's action it should be set for 44,000 ticks to more or less equal the number of 13 minute bats during regular trading hours. Welcome to Op Ex

Well its been nice being here but I am thinking of becoming a night trader!

Once again, 6700

Chop eliminator, buy above 61.8 or sell under 38.2% only. keep it simple, same chart different day.

Going to be a fun day again today

So far, this week tells me that the correction we have is in TIME, not PRICE. very bullish longer term. Only price pays!

5 min ATR = 15, if you are day trade you know what you are dealing with as far as price movement/volatility. range day, chappy....it's Friday. Peace!

ES daily.

Sideways chop.

The bias is still up, unless it breaks down beneath support.

ES hourly.

Strong action, both up and down.

Like a washing machine.

From 6571 up to the Pivot, at 6682.

ES 5 minutes.

Nice move up since 400am.

And now sideways.

Testing range high, in theory 80% chances should be a pullback here but I think the range was broken on the upside as the break was strong.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377