Cobra's Market View

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Again, typically the low was in, it'd be up and up today.

ES daily.

Pause/pullback Day 2.

ES 60 minutes.

Up through the Pivot, after a couple of moves down.

It's a morning hourly filled black bar

Not buying in until the MA lines actually cross. Got burned in yesterday's sell off, so I need to follow the indicators today!! LOL!

Double bottom not confirmed yet but my guess is bears are over for today (we should always guess bears are over by default)

Swing sell setup, make or break? new box. first thing first.

Intraday: boring inside day. range inside the no man's land.

How much overbought are we? look at weekly RSI(5), this is a little extended if you ask me. Peace!

Some key sectors, 20 days performance:
TRANSPORTS, brown, lead here at +9.21% over the last 20 days

Breakout is more likely.

Testing the day low. Since so far it's a range day so more likely it'll rebound around day low.

Now breakdown looks more likely. The only problem is the close is near so anything could happen.

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377