Cobra's Market View

All is well with me, but I am taking a break from blogging. 360_F_97841905_XStN4H8pIklLeM0QaoM4bw938aghAcWX (1).jpg Work life balance! catch the big one!, you need skill to fish, there is no skill in trading, Hahaha Ha ha. Work life balance is good. I always catch a fish, but from luck, not skill. ...

All is well with me, but I am taking a break from blogging. 360_F_97841905_XStN4H8pIklLeM0QaoM4bw938aghAcWX (1).jpg Work life balance! catch the big one!, you need skill to fish, there is no skill in trading, Hahaha Ha ha. Work life balance is good. I always catch a fish, but from luck, not skill. ...

All is well with me, but I am taking a break from blogging.

ES 5 minutes.

Bounce up off 5182.

Up to the EMA 20, where it finds some resistance.

ES 5 minutes.

Moving down beneath support line 5202 on my chart, and lower, down to 5188.

Back later ...

The indexes are up slightly this morning, just prior to the open.

ES five minutes.

Nice move up starting 45 minutes ago.

All the way to the Pivot where it meets some resistance (on the 1 minute, not shown).

ES 60 minutes.

Full day range on Wednesday.

Trying for a breakout above 5210, out of the box.

ES daily.

Inside candle, at the bottom of Wednesday's candle.

Beneath the EMA 20.

Moved down to the trading range that started in March.

Dow 30.

A sea of red.

WMT all alone in trying for some gains.

Later ...

Personal note. Last year we lost Caldera and Fumar. My partner has never been without a cat.So a month ago Zorro came into our lives. Yes he does like sitting on the key board. At four months old he does more than sit. We could not find another Chartreux so he is a very closely related blood line, ...

ES 5 minutes. The bear action has distorted the 5 minute chart, so I reduced it down to about 2 hours. Price is sitting on S2, making up its mind where to go next. I've been focused on bullish activity for months with my scans and plays. So, I'm going to take a break here today, until the market mak...

ES 60 minutes.

Huge bar down.

Through the Pivot, through S1, all the way down to S2.

And there it finds some support and a bounce.

ES daily. Huge bear marubozu candle. Beneath the EMA 20. Back down to the box that developed in March. Bias on the daily? Flat. The market is undecided, going back through March. It tried a move up on March 20, but that has failed. Day trading focus for this trader. 2024-04-10_05-55-30.png

I am not a GURU, but if we have LL on daily from last Thursday, this trend following buy dip will fail, and market top will be called out, but that just me, what do I know? :roll: Yes you are a guru. You talk like a guru. You use words like a guru. LL trend buy dip market top ... All that stuff. Ha...

SPY daily. In a trading range, tucked inside the huge marubozu bear candle from Thursday. Sitting on the EMA 20. Up in March. Flat in April. Some ''gurus'' who make predictions such as Tom Bowley, Joanne Klein, Martin Pring and Fisher Investments are bullish. Fair enough, but I will focus on day tra...

ES 5 minutes.

Three moves up in the pre-market.

From 5246 to 5268.

Stuck beneath resistance at this point.

ES 60 minutes.

Two days in the same, tight trading range.

ES daily.

Second day sitting on the EMA 20.

And a doji once again.

The market needs to make up its mind.

ES 5 minutes.

Three moves up pre-open.

30 points.

1 contract.

$1500.

"Let's be careful out there."