Cobra's Market View

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Double bottom (green arrows) then a strong up so the low was in? Now let's see whether bears can make a lower high or double top (red arrows).

Swing setup: buy this dip, first thing first. will see from here. looks like we are heading back to yesterday's settlement area. it will be an easy start for the day. HL coming or tankie tankie we are.

Intraday is no pretty start. daily is in the support area or Tankie!

Look below and fails? so far it is, this dip will be bought.

You know the routine: new buy new box, make or break. keep it simple.

Challenger Grey and Christmass following on the amazing Open AI plead for a trillion tax payer dollars seems to have sent a message.

Last buy failed, Oy.....

Possible measured move down.

Or the measured move should start from the day high today, not yesterday. Either way, bias is down.

Consolidation, breakdown is more likely.

Daily trend following: Are we there yet? NO!

Intraday: The RED line, let see V-shape? Haha

Seems bulls are tying to break the EMA20 which is just the very first step toward a tradable bottom as illustrated by dashed blue lines. So let's wait for the EMA20 break first.

Classical break then revisit, now we need a strong bull bar to signal that the low might be in.

Cobra wrote: ↑Thu Nov 06, 2025 1:44 pm Seems bulls are tying to break the EMA20 which is just the very first step toward a tradable bottom as illustrated by dashed blue lines. So let's wait for the EMA20 break first.


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Nice call, lets buy this, the day is still young.

/ES 6800 was a magnet, what if?......the power that be looking up there also.

Well, the day is now too old. Peace!

Possible 3 push up so the significant part of the rebound might be over but generally there should be one more push to make a lower high or more often a slight higher high as illustrated by dashed black lines.