Cobra's Market View

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Strong up overnight so this bull shall have legs.

ES daily.

Trying for a breakout.

ES 60 minutes.

Up from S1, through the Pivot, through R1, all the way to R2.

ES 5 minutes.

A couple of nice moves up in the last six hours.

[Schwab]

A typical day would be down in the morning then up and up till the close so don't be fooled by the pullback now which is typical so far. Only the selling decisively break the EMA20 then maybe it's a real pullback, just a maybe.

Rebound from EMA20, 50% chances it'd go up and up despite now looks weak so still too early to say bulls are over.

META gap
and 52 week high

Possible higher low which means the morning pullback was over.

LONGER TERM:
FORMER BULL is extremely bearish on both equities and the economy right now.
"The soft landing charade is exactly that - a charade.... The moral of the story is that technical analysis is a joke and nobody really knows jack shit about where the market is going from here. But one thing is for sure: a pronounced move higher through all-time highs (a “breakout”) hasn’t happened yet."
https://www.zerohedge.com/markets/soft-landing-charade

Swing sell didn't really failed but with HH bulls regain buy dip coupon. bullish consolidation if bulls can gap up and go.

Intraday: to have a positive price action bulls need to close above, the market sell off as I am typing this, well, gap and no go? not good.

If we close here at this level, we will have a shooting star (bearish leaning) still need a swing low to follow to confirm, so.....nothing to see for bears just yet. Peace!

Out for lunch, didn't see this coming. Consolidation so bias is down now.

Mother of bearish engulfing.

We got a swing low. rips will be sold.....

Generally the rebound should be sold. EMA20 above is a common place where it gets sold.