Cobra's Market View

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Kind of 3 push down (red arrows) so maybe a small rebound first then another leg down?

ES daily.

It ain't pretty.

Down near the low of the trading range.

But it will probably head back up to the top, in time.

God dayum ping pong.

But there are plays available, in the short run, Return to Mean and fades within the range.

Ascending triangle, breakout is more likely, maybe the low was in for today.

Consolidating under the previous high, breakout is more likely.

Have a great weekend, everyone. Thanks for all your insights and wisdom. See if Mr Market can make one last push higher and then I call it quits. Cheers!

Low enough to be seen as a revisit of the previous low, now let's see whether bulls can make a double bottom or higher low.

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374