Cobra's Market View

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For now it's a 3 push down (red arrows) therefore some chances that the low might be in. Sometimes the coming revisit would be a slightly lower low though.

This bull shall have legs.

Yesterday's high now is the resistance, let's see whether bulls can break it. Normally should at least a consolidation along the resistance before actually breaking it. QQQ already broke it though.

Looking like the three push up is over for now.

Didn't expect the pullback could be all the way to the ema20. Now let's see whether the EMA20 can hold the pullback. Generally the pullback should bought though.

This bear shall have legs. Now we know someone is selling big around the yesterday's high, as today the rebound was stopped there as well.

El Zoro is outside watching birds (cold morning here in the desert, only 60 degrees) so I can say without him getting upset, this sure looks like a dead cat bounce!

Two day volume profile

ES daily.

Fake out up. Fake out down. Going nowhere.

ES 5 minutes.

But on the day trade scale, a good move up and a good move down.

For now the rebound looks like a bear flag.

Well, must be someone said something.

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387