Cobra's Market View

ES 5 minutes.

Down to the Pivot.

Look out below. Dive. Dive.

ES 5 minutes.

The breakout attempt has failed.

Back in jail.

Likely to settle in the higher range, for the time being.

The indexes are up this morning.

ES 60 minutes.

Ups and downs.

Fades and breakouts.

Going nowhere at this time.

ES daily.

Day 4 in the pause/pullback.

Sideways candle.

Finding support at this level.

Above the EMA 20.

All is quiet, for the time being.

ES 5 minutes.

Sideways action.

But the indexes are in the green.

ES 60 minutes.

Up through the Pivot and R1.

Fade back down to 5288, where it seeks some support.

ES daily.

Day 3 down from the high.

Sideways candle.

Not down to the support level.

Well above the EMA 20.

The energy sector has been leading for a few weeks.

SM has been on a nice trend up since February.

Not recommending.

https://www.investors.com/market-trend/ ... esla-tsla/

ES 60 minutes.

Down in bits and pieces.

Through R2 and R1 and the Pivot and S1 down to S2.

And there it finds some support.

ES daily.

Down 3 days in a row.

Further into the pullback.

Approaching a support level.

Well above the EMA 20.

SPY daily.

A pause at the top.

Trend up.

Climbing the wall of worry.

EMAs 20 50 100 all up and in the right order.

Carry on.

NA.TO National Bank of Canada. HQ in Montreal, Canada. Founded in 1859. Canada itself was founded in the year 1867. A quick glance shows solid financials. I like the chart. Beautiful move up since December. It just keeps chugging along. 165 years. Not recommending of course. National Bank of Canada ...

ES 5 minutes.

Chop. Chop. And more chop.

ES 60 minutes.

Trading range for two solid days.

Between S1 and the Pivot.

It is like the doldrums in sailing. No wind. No motion.

ES daily.

A pause in the move up.

Not a pullback yet.

Bullish, but the breakout is not confirmed.

IMO.

C. Citygroup.

Posted on here back in January of this year.

Still running with the bulls.

ES 5 minutes.

A whole lot of chop.

It wants to go up.

But it is not all that easy.

Stuck just beneath 5321.

ES 60 minutes.

Poking its nose out of the trading range.

Testing for a breakout.

At and above R1.

Eyes on R2 above. If.

It could just as easily move back down into the range.