Cobra's Market View

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Don't know whether the low was in or not, the chart pattern looks missing at least a higher low test though.

Gap up but within the last Friday's range so likely just a range day.

sell first for intraday, we are in buy the dip zone on a daily setup. will see.

5 min. MA resistance zone. short term trend following . Bad bears will keep the price under. keep it simple.

ES daily. Strong bullish bar, approaching the EMA 20.

SPY 5. Pbar at 0800am.

Dow 30. Almost all green.

Cash SPX, Auction theory view we should be testing lower range. failed bid up.

First sell on the day, this sell fail then bulls can take it from here.

Alternatives.

The open FEELS like an uptrend day.

$NYADV:$NYDEC
3.1x

sell failed, Bulls earned two buy setup. Daily buy dip will trigger today if market closed green today.

16 Fed speakers this week:
https://cms.zerohedge.com/s3/files/inli ... k=VobcM22r

SPY 5. Up against some resistance.

Cash SPX, swing setup on 5 min. rips will be sold until bulls can regain price above 5 DMA. during a transition from short term to mid term it's confusing therefore the 5 DMA is my favorite MA to gauge.

Breakout to the new day high with good looking bull bar in the next couple of bars then it's an uptrend day, bears be careful.

SPY 5. Breaking out, testing, above resistance.

At this point, sell 3 push up setup for bears or buy dips for bulls, pick your poison. I am waiting to buy dip first.

https://www.marketwatch.com/