Cobra's Market View

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Double top or not, wait and see,

Watching two support lines on the SPX today...

Smalls up and Tech down today.....

Testing the yesterday's high, key time. Breakout would mean another uptrend day.

EARNINGS:
Wednesday, July 19, before the open: GS,
Wednesday, July 19, After The Close: TSLA, IBM, NFLX

ES daily.

Pushing up to a new high. A marubozu candle. A tentative breakout.

ES 60 minutes.

Up from S1, through the Pivot, through R1. Three very bullish candles in a row.

ES 5 minutes.

Strong move up since the open. Finding some resistance at 4580.

Breakout is more likely.

Swing setup, another failed sell setup, dips will be bought. bears nothing to see here.

Intraday, continue with new swing high, can;t get any more bullish than this.

Short term market is very (many very) overbought and $BPSPX today shows some weakness, things that make you go hmmmm. Peace!

Many very's followed by many !!!!

This market is way overdone, watching the VIX right now, probably a good opportunity here in next few days.

Mostly MSFT 365.021 +19.291 5.6%
Some UNH, NVDA, NFLX , TSLA (Q tomorrow) and Banks (earnings)

Microsoft stock pops after it announces $30 per month A.I. subscription for Microsoft 365
Adding on the generative AI subscription should reportedly cost enterprise users an additional 50% or more per month.

Breakout is more likely again.

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381