Cobra's Market View

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Triangle, so breakout on the upside is a little bit more likely.

New HH from yesterday's high and closed high will stop out the daily sell.

Then and now.

Up up and up only from here.hello Santa!

ES daily.

Sideways.

Eyes on the top.

ES hourly.

Trading range, high and wide.

ES 5 minutes.

Slowly moving up.

Testing resistance at the top.

A few seconds later it fails this test.

Houston, hello, there's problem?

This is about a minute and a half for the bars. Shows a megaphone pattern pretty clearly

Double bottom (green arrows) here or not, wait and see. So far looks like a range day.

Intraday: new swing high, it is bullish bias, it's not easy to trade today, but bias is up so it's manage-able.Range day by my diffinition unless we take out new HH. (higher than yesterday's high)

If the RED line fail to hold up. the sell on a daily will survive. buyers need to put up a bigger fight than this.

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381