Cobra's Market View

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Small double top? Even indeed, generally the pullback would be bought though.

What did He said? this year market rally based on 7 rate cuts, no cut in March, rally continues for may be 5 cuts this year, yesterday the rate cuts drop down to maybe 2 the most by year end. market rally hard on any cut is better than no cut. at this point you have to realize that rate cut or no rate doesn't maters, only price pays. new green line breakout, up and up and up to avoid overlapping in price action (Daily)

Gap play, sell first low risk area.

New leader, no new HH, consolidates in no man's land (38.2-61.8%)

ES daily. Breakout.

Step 1 complete.

Step 2 is a small pullback to the resistance line.

Step 3 is a strong candle resuming the move up.

In my opinion.

ES 60 minutes.

Poking its nose out of the trading range.

Testing for a breakout.

At and above R1.

Eyes on R2 above. If.

It could just as easily move back down into the range.

ES 5 minutes.

A whole lot of chop.

It wants to go up.

But it is not all that easy.

Stuck just beneath 5321.

/ES a trade below 5313 is an early sign that gap and no go is at hand.

C. Citygroup.

Posted on here back in January of this year.

Still running with the bulls.

Breakout on the upside is more likely, although so far it's a boring day therefore the breakout may not go far or simply cannot hold.

Swing setup is back to buy the dip, so far the buy/sell entry are still failing on both sides, it tells me that there is no trend to hold as far as a swing setup on this time frame. Intraday: Day traders are all dressing up but no where to go. doji closed? Internals: bullish bias, fear not. Peace!

Bonus charts, lets talk chart.

Trending up and overbought. nice up trend chart breakout and walking along the roof nicely. SPY, for long term trade, its a beauty. Day trade, there will be a relief rally pull back to follow, but you don't know when or how deep? this is when good day traders make a good money. 10-20 handles gain on both side is do-able every day until the B% relief buying pressure under 1. next couple of a trading days will provide day traders that opportunity. trade well.....and be nimble.

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397