Cobra's Market View

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."

ES 60 minutes.

Darvas boxes. Breakouts.

ES daily.

Monday morning.

Inside candle.

At the top of the previous candle from Friday.

Sitting on the EMA 20,

In the middle of the range that goes back through March.

Trading range fades and small momentum plays until it breaks out.

Hey JFR, love your post... this is a very confusing market right now!.. :? big picture 4 hour chart.png 8-) Thanks, koolblue. Most players have an opinion on the market. Otherwise they should not play. My opinions are not ''locked in.'' As a day trader they can change in a flash. I see you switched...

Opinion ... SPY daily. Bias is still up in my opinion. EMAs 50 and 100 up. EMA 20 flat, after 10 or 11 days in a base. Huge down candle with high volume on Thursday. MACD and STO down. Helluva move up since January. Why is my bias still up? Recovery day Friday, on a strong bullish candle, finishing ...

Gold is on a nice run up.

"There's gold in them, thar hills."

Dow 30.

The greens are taking it. Led by CAT CRM and MSFT.

INTC VZ and MCD trailing.

The indexes are all up so far.

ES 5 minutes.

Serious attempt to move above the base.

Darvas boxes.

ES 60 minutes.

In a lower base than yesterday.

Trying to breakout above the Pivot.