Cobra's Market View

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This bear shall have legs.

ES daily.

Aiyahh!

Another dive down into the depths.

Short seller country.

ES hourly.

6880 down to 6680, 200 points.

At $50 per point, that is $10000 per contract since Thursday morning.

On pins and needles for some of the "only long" big boys.

ES 5 minutes.

Down 70 points in 3 hours.

You know the math. 70 x 50 = $3500 per contract.

My sleep was more important, although I did have a signal going off. Ha ha.

I ignored it. It would have been a fun downhill run.

No worries. Ski the next downhill run.

ES 5 minutes.

Testing down.

This time it failed. Got some optimists out there.

Back later ...

Good start right arrond do or die zone for bulls.

It's a morning hourly hollow red

Intraday: new swing low, it is bearish bias. MA resistances made simple. let see will da bulls have the will to go through here.

EMA20 now is the bear's last chance to make another leg down. My guess is today would be an uptrend day, i.e. bears might be over already.

Very nice bounce after the open. But 6730 seems to be a bit of a stopper at this time. Waiting to see if the dip buyers step in on Monday after looking at their accounts over the weekend.

Saw that Michael Saylor was doing the press release thing to assure his followers that he was still buying all the bit coin he could.

Just a reminder that NVIDIA reports We3dnesday after the bell. So on to new highs or stick a fork in it.

/ES POC = 6760.97

Ding ding ding.....it's Friday! Peace!

Chart for the road: a bullish piercing candle only if we close above 61.8%. for now bears are still in control. not so much from the start LOL...but, it is what it is.....

Just as I expected bears were over, this bull shall have legs.

Double top meeting the 30 minute rule followed by a failure out of the channel.And that double top is VPOC area. Bulls need to get their act together.

The pullback probably will be bought if not already. Whether the "bought" makes new high or lower high is what we need watch. Normally I won't think about lower high but the pullback simply is too large for an uptrend day...