Cobra's Market View

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Not sure whether the pullback overnight would be bought or not. Typically bulls will try to fill the gap upon the open.

ES daily.

Forming a new, higher range.

Pullback inside that range.

The trend is still up, as it climbs the wall of worry.

ES 60 minutes.

Down from yesterday.

Finding support at S2.

Sitting on a ledge. Precarious.

This dip will be bought. first thing first, Buy/Sell until it fails.RSI>30 = Trigger.

Intraday: With this down trend behavior, Buyers will have to bring the "A" game today. Uuuugly

No sharp rebound in the next couple of bars then it's a strong downtrend day, although a down from open to close day has been rare.

Swing setup: buy trigger, new box, make or break. same playbook different day.

Ticks are beginning to head south here. Ishould point out my bias is bullish longer term and likely will remain so for another year, but on ang we get one 10% pullback and 2 5% pullbacks a year and it seems to me after the amazing run tje markets been on since Nov. , the ides of Mar. might be a good time for a pause. After all, Mar. is the 2nd worst month of the year normally. i am taking off half my shorthere and holding the rest hoping for 5070 then 5039

Further up from here then the low probably was in so it's the bear's last stand.

Swing setup: buy failed, no tend for this setup, rip will be sold. Intraday: a reversal? no fail here on the buy side. today is transitional day for day trade and swing , very hard to predict. bulls or bears be nimble. Internals: bullish bias. Bear were not all that strong either today. Peace!

Bonus chart: Look above and fail, a significant short term top if we trade under 38.2% on this chart. overlapping for the fist time since x-mas/beginning of the year. market top from here in days to come will not surprise me. Early bird warning, Ding ding ding....

$VIX is up almost 7% today, no fear no bear, fearful market is back. Caution!!!

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381