Cobra's Market View

Have to tip my hat to JFR. His last pick that he did not recommend, nor did I jump on, was ANF. Were's BB? He must be busy counting money. Hello Cobra and board members. I've been a long time reader. Hello KUBAN513. Thank you, and welcome. So there is an audience out there. Ha ha. Posting on here h...

BAC. Bank of America.

Day trading possibilities.

Not recommending of course.

ES 5 minutes.

Up through the Pivot, and then down,

testing beneath the EMA 20.

ES 60 minutes.

Down. Down. Down.

And then a bounce above the Pivot, as it tries to move to a higher level.

ES daily.

Down from the trendline.

Down beneath the EMA 20.

Hanging on the EMA 20 like birds on a wire.

ES 60 minutes.

Downward action.

From R2 through R1, through the Pivot, down to S1.

And a bounce up as it tries to form a bottom.

ES daily.

Trying for a breakdown.

Beneath the trendline.

At the EMA 20.

Strong bearish marubozu candle yesterday.

It is a good punch by the bears.

Index futures and ETFs.

Just before the bell the indexes are down.

ES 60 minutes.

Down. Down. And down.

Through the Pivot.

Through S1.

Eyes on S2, just below.

Bullish plans for this trader on hold at this time. If you look hard you can almost always find something to trade.

ES daily.

Day 11 in this range at the top.

It has settled down to the trendline, just above the EMA 20.

Three tests down during this range, bearish.

Direction: Who knows? But for this trader I would not be ultra bullish at this time. Needs a breakout.

ES 60 minutes.

In a range forever on the 60'.

ES daily.

Holding pattern. Another doji.

Needs a breakout. In a very tight range.

Well above the EMA 20.

(Bill Walton passed away yesterday at 71. Basketball great and TV personality covering the sport. God Bless.)

SPY daily. The high of March 28, 525, has been exceeded. Now in a range, with 525 at the bottom of that range. The strong move up started with a hammer on May 2. Key time. The bulls are trying to do some heavy lifting. But the bears are tugging the other way. The EMAs 20 50 and 100 are all up, and i...

ES 5 minutes.

Up into higher range/box.

One failed attempt to break out.

Then a bounce up off the trendline, without dropping to the bottom of the range.

The bulls are hoping for a good day. We will see.

ES 60 minutes.

Down since Thursday.

Riding the trendline, up a bit.

Squeezed from above by the EMA 20.

Needs a breakout.

ES daily.

Pullback to the trendline, just above the EMA 20.

Not good for the bulls.

Twice failing to break out.

But they do not give up easily, or at all.

ES 5 minutes.

Finding some support at the Pivot.

Back later ...

ES 5 minutes.

Very strong bear bar to start the day at the open.

ES 60 minutes.

Major warfare going on.

Bears big push down late yesterday.

Bulls big push up today.

Then the bears push it down hard again today.

ES daily.

Poking its nose above 5333.

Uncertain breakout at this time. A test.

But the bulls are trying some heavy lifting.

Way above the EMA 20 and the trendline.

A handful of dojis in a row --> indecision.