Cobra's Market View

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Possible 3 push up (red arrows) so maybe a pullback is due.

Good MA support above 61.8%

Swing setup: regain upper 5 DMA. dip will be bought.

/ES VPOC @6831

The up has been strong so the pullback probably will be bought.

Bears are hoping for a look above and fail, bulls are hoping for new daily HH to hold. lets roll the dice. my crystal ball said we saw the TOD.

Using my laptop screen this week instead of the 43 inch 4k TV. Haven't moved fonts around on all my charts yet.

Clearly I had the primary congestion zone wrong yesterday morning. Worked fine with a full day of data. It is a fun game, guessing where the market will be the next day.

I give the trade of the day to that very clean 40 point move mid morning. However the bulls need a second leg today or tomorrow to reclaim 6880 which is the level where many say the correction is behind us. I personally think it is far from done. Daily has bounced three times since September. Fourth try it probably will drop on down. So Bulls absolutely have to break out of the iron dome chart pattern and make a decisive new high.

The daily is sure looking like what the Elliot Wave folks call a running flat. It is due for a breakout, one way or the other.

100 handles is nothing among friends. LOL

Peace!

Swing setup: this dip will be bought. lets see if it will come today or tomorrow? GLTA

Kind looks like a descending triangle, maybe bias is down?

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