Cobra's Market View

ES 06-24 (2000 Tick) 2024_05_15 (8_24_17 AM).png Standard 2,000 tick Price Action chart. Point being the machine drawn regression channel says to me they turned on the algo botts. :) No idea where they are going but apparently declining retail sales confirming that the consumer is done firmed up be...

Same chart but regular hours only. MFI not overbought.

It is what it is- Note the RSI and MFI both saying overbought on this chart.

ES 06-24 (60 Minute) 2024_05_14 (11_53_04 AM).png I am probably wrong on this but the drop for PPI followed by the impulse up this afternoon is matching the pattern I had previously laid down. We will see where we are really at after tomorrows data, Friday's option expiration and Buy the Market Mon...

Serious buying going on. Hard not to call this an impulse.

Is this the after lunch push? Or will 5,250 once again prove to be resistance?

20 minute bars showing we are slowing sinking.

Lots more CPI plus Empire State and Retail Sales tomorrow an hour before the regular New York open.

Back into the prior days POC. So a nothing burger. Must be the market was expecting bad news.

ES 06-24 (20 Minute) 2024_05_13 (11_22_50 AM).png An hour before Regular open tomorrow CPI will be unleased on the trading world. Big banks are saying the rent portion should be down so it could be lower than expected. Will see if it takes out the Friday high. Elliott wave people think the short te...

Talk about hitting a wall !

Big 30 year bond auction on the hour,. could be a market mover!

Pulled back to support, now trying for a breakout but that is not happening so far.

A detailed view of the fight at 5230

Second attempt at the supposed call wall

Somebody get a cattle prod, the herd has stopped moving!

Seriously though, this is starting to feel like a double top. Maybe the 0DTE options crowd will push it on up.

Pullback and advance or double top. Need to see more bars!

The 00 level is showing it is important to somebody. The call wall is supposedly at yesterday's high so a second touch would make sense for today or tomorrow.

I like 5202 as a target on the volume profile. It is very empty.

Failed breakout. Not calling a top yet but the two day channel is broken.

Third touch breakout