Cobra's Market View

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Kind of head and shoulders top which mostly would fail anyway.

ES daily.

Hitting the pause button at a new high.

Trend still up.

ES 60 minutes.

After 3 moves up, in a range.

Testing down beneath S1.

ES 5 minutes.

Down strong.

Beneath S1, looking for support at 4579.

LAST NIGHT:
Netflix (NFLX) dropped over 8% AH on Wednesday on mixed earnings report and soft revenue guidance despite a ramp-up in new subscribers and a company pivot going according to plan.

Tesla (TSLA) shares were initially unchanged after the EV maker's numbers topped estimates, but the stock fell 4% after CEO Elon Musk hinted at more price cuts if market conditions become unstable

ES 5 minutes.

Who lit that firecracker?

NFLX now down -7.31%
TSLA now down -4.09%

AFL

Aflac Insurance.

Posted five times on this site.

Pick your spots to enter.

It's a morning hourly hollow red

Breakdown to the new day low in the next couple of bars then it's a downtrend day. Typically, the low might be in or close though.

Bears did better than usual. Now let's see whether the rebound could be sold. Typically it'd go all the way up though.

Swing setup: last buy failed, negative price action yesterday has a follow through today. rips will be sold.

Intraday: it is bearish that we have a swing low. a closed below the red line will keep the momentum rolling.

Overall we have a change in change in trend. daily LL, some sort of top is at hands. Peace!

Measured move down. Bears did good today so far.

I hope this is not a fake move down, yesterday the high Yeild Index printed lower. It did not make U turn up yet for few days to give a direction. I think we stll have one tiny wave to finish upward trend.Defensive, XLV, XLP are moving but they are not very strong yet.

Serenity wrote:I hope this is not a fake move down, yesterday the high Yeild Index printed lower. It did not make U turn up yet for few days to give a direction. I think we stll have one tiny wave to finish upward trend.Defensive, XLV, XLP are moving but they are not very strong yet.

Most likely it's a fake move down as bears have never been easy ever so if the top was in then it'd be too easy for bears.