Cobra's Market View

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The chart looks like missing a revisit of the low for a solid bottom.

ES daily.

Inside bar.

At the trendline.

Just above the EMA 20.

ES 60 minutes.

Trading range, 6 hours.

At the Pivot, for support.

Up a bit off the EMA 20.

Breakout of trendline.

ES 5 minutes.

Poking its nose above resistance at 5000.

Trying for a breakout.

good morning, Who let the dogs out? entering first sell the rip on swing setup.

After reviewing my charts, there is fearful on $VIX and $VVIX, need to keep an eyes on them this week.

ES 5 minutes.

A second try at a breakout. Determined effort by the bulls. Enough to succeed?

Intraday: If a trade below the red line, the gap play is failing. gap and no go. any lower trade will also triggered sell the rip setup on swing trade. sooo....today is transition point for these two time frames, it could be a little messy for NON-Multi-time frame traders.

Swing trade setup: sell the rip triggered, new box, make or break, same play book. keep it simple.

Consolidation, bias is down.

If we trade lower today, we will get some sort of bearish piercing candle following bearish island reversal/shooting star. not good outlook for the bulls. but this crazy move with rate cut expectation so high, yesterday CPI, And now....Friday PPI could still get March rate cut. LOL , well only price pays and stick to your time frame of a trade, market will come to its norm hopefully.

Typically the rebound here means the low was in for today.

Swing trade setup is on the sell.

Intraday: range day, we have a swing high, it is bullish bias. same banana different day.

Internals: selling of yesterday had no follow through. the end of day will know for sure, for now, buyers are back. Peace!

Test the day high with biggest bull bar so could be an exhaustion bar therefore might be a pullback here first which likely would be bought later.

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