Cobra's Market View

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I see a price channel, now testing the channel upper boundary, breakout seems move likely as the boundary has been tested many times.

It's a morning hourly filled black bar

Looks like we had the range low now seeking the range high which assume is the day high.

some trends to watch....

ES daily.

Day 5 going nowhere, perhaps up a little bit.

Another doji.

ES 60 minutes.

Spikes for a number of candlesticks.

Just above the Pivot.

Resting on the EMA 20.

ES 5 minutes.

Down at the opening bell for stocks.

Up an hour later.

Now flat.

Swing setup: same play, dips will be bought another HH, enough for TA on this time frame to stay bullish. see MACD signal line, it is still up above zero.

Intraday: day 3 of failed breakout kind of action but again, I am not bearish until the selling were heavy under 38.2%. for now price action is not strong but it's not weak either. Fibbo guidance trade as usual.

The internals like this I can only see at best sideways for bulls, could be tanking down any time for bears. Peace!

Bears are serious today.

be careful buyers!!!

Must be someone said something. The next time before I'm out for lunch or going to the washroom (the long one you know), I'll let you know, definitely a big move would happen.

New buy new box, make or break! well, see you next week, Nature called.

/ES key pivot as mentioned the other day 4384.25

Cobra wrote: ↑Thu Nov 09, 2023 2:10 pm Must be someone said something. The next time before I'm out for lunch or going to the washroom (the long one you know), I'll let you know, definitely a big move would happen.

Well someone just does not want to buy bonds But who cares, this is all bulish and we are going parabolic UP, right ?

https://www.zerohedge.com/markets/stock ... rd-foreign

A rare 2nd leg down. Now let's see whether bulls can make a double bottom.

marcueus2 wrote: ↑Thu Nov 09, 2023 2:38 pm

Cobra wrote: ↑Thu Nov 09, 2023 2:10 pm Must be someone said something. The next time before I'm out for lunch or going to the washroom (the long one you know), I'll let you know, definitely a big move would happen.

Well someone just does not want to buy bonds But who cares, this is all bulish and we are going parabolic UP, right ?

https://www.zerohedge.com/markets/stock ... rd-foreign

Right, who cares about bond which only gives 4.8% the most, AAPL can easily generate 100,000,000,000%.