Cobra's Market View

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Maybe the pullback overnight would be bought?

Clear break out from the multi day zone.

retrace from the Feb low over 50%. I am using a gap adjusted 21 EMA on this chart because it is cash market. So it is not continuous EMA.

No sharp pullback in the next couple of bars then it's an uptrend day.

It's the very first test of EMA20 in 2+ hours, so likely the pullback would be bought.

I turned this one up to 10,000 ticks so it would be close to 5 minute bars.

Pretty clear the big boys showed us the trade of the day with that bounce off the support resistance zone then off we went to reach their target.

Battle for 6900. ON high anmd next lower obvious support at 6880 and then the two day support resistance zone at 6860. So options driven games waiting for VIX expiration.

Not looking good, this bear shall have legs.

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