Cobra's Market View

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Lower high (red arrow)? Need decisively break the line below to confirm.

ES daily.

It is flattening out again,

after a good bounce up off of support.

ES hourly.

Lurching sideways, with unsteady support and resistance.

ES 5 minutes.

Sliding down the slope.

Finding support at 6860.

pushed up above the spike wicks only end with dark cloud candle. rejections are massive in these zones. it's not a bad thing to be cautious here.

Pivot point.

Intraday: new swing low, it is bearish bias until the bullish piercing action appeared, far from it. find excuse to sell

This bear shall have legs.

Like Bull Bear said, standing on the edge.

Done today? Red line.

My update on these messy times. candle and S/R levels. silly stuff. Peace!

Broke the EMA20 is the very first step toward a bottom. Usually a revisit is needed as illustrated by dashed black lines.

Revisit as usual, now let's see whether bulls can make the bottom pattern as illustrated by dashed black arrow which I doubt. I think more down is more likely.

Well, went just as I expected. This bear shall still have legs.

Now repeats the bottom pattern again: Break the EMA20, revisit then maybe bottomed. So it's the very first step.

A down from open to close day has been rare so maybe the rebound now may go far.