Cobra's Market View

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Straight up so bias is up what matters is the CPI data at 8:30 am, let's see.

Gap play, new swing high is at hand this morning. gap and go or no go is on the dish.

Possible higher low. The key is whether it can make a decisive new day high which if it cannot then it's just a range day. My guess is it's just a range day.

The RED line, lots of supports below, but when it fails it will fail hard.

Buy it till quits

Bulls are climbing too high, the oxygen is low up here. LOL,

Don't short the dule market as the old saying.....

Consolidation, breakout on the upside is more likely which if indeed and the breakout can hold then some chances it could be an uptrend day instead of a range day.

100 points gain day? it's hard to imagine, but if you got to dream, dream it big. LOL

Price action is weak, overlapping, second red lines. Up and Up and Up only.....

ES daily.

It shot right through the previous all-time high.

"Off we go into the wild, blue yonder..."

7,000 is in sight.

ES hourly.

From 6700 to 6840.

140 points at $50 per point = $7,000 for each contract.

Three pushes up.

Catch its breath? Continue the Magic Carpet Ride?

ES 5 minutes.

In a trading range. Riding the range.

Don't short a dule market. weak, but we are no gonna do anythign more up here. It's Friday! Peace!

Chart for the road: after a failed H&S, we are here. have a good weekend, Peace!

For da permabears: don't rush until BPSPX <50 or summation index under zero to go all in. just saying......

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