Cobra's Market View

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Lower high or not, wait and see.

ES daily.

Almost back up to the top.

No surprise.

ES hourly.

Trading range.

ES 5 minutes.

Ups and downs.

Chop. Going nowhere.

She said buy this dip. first thing first.

New box, looks like an easy made it out. well, 99.99%

Possible higher low, the low might be in for today.

Intraday: inside day, anything goes....the red line will tell if bulls mean bizness! bullish bias overall, new high is only <20 points away.

5 min. ATR = 4, calm market. don't sell a dule market.

some news?

Today looks like continuation or post op ex waiting for news.

Will former resistance, now support hold or are we looking at an afternoon breakdown.

Open AI supposed to have a presser at 1 eastern. Rumor was they will announce their own browser. However the air pocket was a few minutes before the press release.

yahoo Canada carrying the story. OpenAI announces a browser, called Atlas to challenge Chrome.

sideways range day, inside day, 2x confusing market. Peace!

Chart for the road: !AAIIBULL/BEAR = back to bearish. this is a vote of no confidence at this high. be nimble. Peace!

Earnings season going to start kicking into gear here. Few notables after the close today tomorrow and Thursday.

Support failed around the timer of the Atlas web browser announcement by OpenAI. Looks like it is working again. Obvious goal for the bears is to break it, then test successfully from below. Bulls need to get above this two day range.

Elliott wave count is all messed up. At this time the standard is to go up one degree and reset. So that makes the big drop a minor 4 and the zig zag up move the early parts of minor 5. So the theory is new all time highs straight ahead. Reality depends on earnings announcements. Microsoft putting out the word earlier through the back door that they aren't making money on AI and now OpenAI going after one of the few major users of AI and Data Centers sort of looks like earnings outlooks could be difficult in the one area that actually counts, Capital outlays for AI infrastructure.