Cobra's Market View

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Double top or not, wait and see, 40% chances I think.

Small gap up so likely it's just a range day.

gap up, NFP day, $CPC > 1 (Panic buying) = How can one be negative? from it is what it is, "trade what's in front of you"

Swing setup is still well under 5 DMA, I can not be overly bullish.

ES daily. Poking its nose above yesterday's high, which was an inside bar.

Intraday, I am open to both buying and selling opportunity today, but rips will be sold. Gap up is good but if it fails it will fail in a grand style, NFP number is not good.

ES 60 minutes. Reaching up to 4600.

SPY 15. Weather report. Look out for snow.

JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.

2021-12-03_06-06-03.png

$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.

ES five minutes. Pre-open action tops out at 4600. Thus far.

BullBear52x wrote:

JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.

2021-12-03_06-06-03.png

$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.

I hear you. I agree with "trade what's in front of you." Long or short.

Not much action with the stocks I like (from my lists). I will no doubt look for some scalps on ES, but call it an early day.

It's Friday, quick ins/Outs.

Need to see positive $BPSPX to bottom. not yet as of now.

TRIN above 2.0 here at the open, danger signal for bulls

As planed, watch for failed break out, auction house theory.

Dow 30. More green than red. Frequent leader/laggard BA at the bottom today.

ES five minutes. Sharp move down.

Internals say do not go long. TRIN is softening a little but still very elevated.

Very orderly market following volume profile zones.

ES five minutes. All the way down to the Pivot. I am out of here. Have a good weekend, Everyone.

Here is my stockmarket analogy. "Footwork. Timing. Hitting." Adapted from a movie a few decades ago.

Footwork is fundamental analysis.

Timing is technical analysis.

Hitting is trading.

Take half off at 50%, now lets hope for 38.2 to fail support,