Cobra's Market View

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The chart looks missing a lower high so probably a rebound upon open then we'll see.

ES daily.

No upward movement yet, but building a base.

Strong support at 4236. Needs to hold or the deluge follows.

ES 60 minutes.

Strong support below.

Beneath the EMA 20.

Sideways action for a few hours.

ES 5 minutes.

Oh My. Scalping weather. On the short side.

EMA20 here is the bear's last stand. Key time.

Testing day low, wait to see whether bulls can make a double bottom here. I was a little surprised after broke the EMA20, it actually dropped all the way to the day low. In the past, once the EMA20 was taken it'd sure go all the way up to the moon.

Swing setup: last buy failed, no trend change, rips will be sold.

Intraday: swing low, weakness to continue.

Big picture, this is weekly, nothing to see for bulls. Peace!

ES daily.

Yikes. Heavy test below support.

Possible target, 4115 the low of May.

Back later ...

Need exceed the pink tinted area to signal a bottom is coming.

Not sure what to say here, major weekly trendline broken on transports, we got some downs ahead. 2 days to slam it into reverse bulls...

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387