Cobra's Market View

We change 2 weeks later in Europe.

GM,
Till 5min EMA20 is not definitely taken, I will buy using these channels.
Good trading.

Unstopable ?

2702/2703 is resistance

On an intraday basis, I am looking at these channels.

GM,
On a daily basis I will bet on the long side, if the S&P500 manages to stay in its black channel.

Checking ES on a daily and weekly basis.
If we manage to close above 2355-2360 area (daily MA20), I would consider that bulls are back in control and that we go back to (and above) 2400.

Poor bears !

Bear are not allowed in the neighborhood !

GM,
If we are in a bear train (I know, hard to believe), EMA20 (5min) can be an entry point (currently 2377.5/2378.5).
Close above, forget it...

Well that took an hour and 45 minutes to round trip for the second drop down to yesterday's close and the ADR low. In theory this should be close to the low for today but hey you know what that old baseball player said. https://www.brainyquote.com/photos_tr/en/y/yogiberra/141506/yogiberra1.jpg Conf...

My long term chart for ES (continuous) with channels.
Yellow channel has stoped the bulls for the moment. 2370 on ES should be a good support today, MA9 days.

GM all,
I would try to buy a dip in 2366/2370 area on ES, but not sure market will go this south today.

Hello all,
This is a ES continuous long term chart with channels.
Hard to believe this bull will stop today, so trying to find something.
I have 2394 (yellow channel kiss) and above black channel @ about 2435.

Al_Dente wrote:

216calend.png.png

Philly Fed, highest mark since 1984 !

DOW 20 000 !!!!!

champix wrote:On its way to IH&S target ! Bull it is !

First target met, I drew another one.

On its way to IH&S target ! Bull it is !

For uberbullish,
IH&S on ES -5min , target about 2276 ... well if it wants to be bull !

Well, the only thing to do :