Cobra's Market View

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CloudFlare down this morning, nothing I could do. Just got connected. So let's get started!

The futures looks like, hmm, how to say that, at least is trying to build a bottom, I can see a bottom potential.

ES daily.

Down beneath the trendline.

ES hourly.

Sideways.

At support.

ES 5 minutes.

Testing down beneath S1.

Aiyahh.

Buying zone. will it hold? remain to be seen. intraday HH will tell if the bottom of the day is here. close to me but no confirmation just yet.

Intraday: new swing low, it is beraish bias. waht the Algos channel red line to see if reversal will be here or not.

Now testing EMA20, need first break it strongly then a revisit then a strong rebound for a fastest bottom pattern as illustrated by black dashed lines.

Looking good. Now only higher low is expected and bears even need a little luck for that. So the low might be in for today.

The pullback for now looks like a bull flag so bias still is up.

You sure can see where sellers were waiting around 6650 or so. With the tick chart the bar timer at the bottom works inverse for volume. So things are slowing down.

Larger view with two volume profiles. Makes it look like we are in a range bounded by two low volume nodes.

Expecting to see lots of recalculation from all the Elliot wave counters.

Congrats to all the Bitcoiners who wanted institutional participation. Real double edged sword.

No longer is bull flag. It's a typical revisit of the previous low, now let's see whether bulls can make a higher low or double bottom.

Good call Cobra! I see a lot of resitances to be tested.

Hammer time? bullish piercing candle close must be above 61.8% intraday. it's a tall order but with today's market, anything goes.....LOL Peace!

So we had the higher low, looking good, this bull shall have legs.

Chart for the road: Swing setup, this rip will be sold. first thing first. Peace!

Possible double top but the problem is the close is near, anything could happen so, say, in theory bias is down.