Cobra's Market View

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Testing a rising wedge lower boundary, for now bias appears a little bit down but the general pattern is a rebound upon open after which we'll see, typically would be up and up till the close, but since nowadays the market cannot simply be up and up everyday (mostly up 2 days then down 1 day) so, say 50% chances no up and up till the close.

Intraday: we will open uncer 38.2%, inside day, gap play doesn't apply even net shorts overnight. sooooo..anything goes today until new swing High/Low shows up.

No man's land like any Monday would

Coffee, news, walk around until a tade above or below 38.2-61.8% to start the day.

Well, well, well..buyers need to put in that deep pocket or else.

Dips buyers, looking down to.

EMA20 here is the bears' last stand today.

ES daily.

Trading range. Day 6.

Normal pattern.

A move up. Trading range. Breakout.

Momentum up seems to be slowing down.

A breakdown will have to prove itself.

Long term, swing trade view is still bullish imo.

Just go All-In? Not for me, aside from a few assets.

ES 60 minutes.

Ups and downs.

Since Sunday, down through the Pivot and S1.

Approached S2, before finding getting a bounce at 5865.

The bears are taking the day on the scorecard.

ES 5 minutes.

Relatively smooth moves. Tradeable.

Not going to scan for stocks on the move up.

No gaps to play today.

Boring? Yeah. But I can deal with boredom. It's better than hectic. Ha ha.

Back later.

NYMO down to -37 (low ~-51)
NAMO down to +6.21

I think it needs another push down, maybe tomorrow, and up the rest of the week? Earnings on tap so it muddies things a bit. But generally, going into reports on a low bar helps the upside, whereas going in on high notes often is countered by sellers.

Consolidation, bias is up.

Fear or Fear not? Fearless market we have, $VIX is up today but not high enough to scare the buyers, let see tomorrow, if the $vix were to be in the green again, sone body is hiding scare somewhere. Intraday: new swing low, it is bearish bias. Bullish piercing candle? far from it, bulls needs to take it up above 61.8% to be so.Peace!

The pullback probably will be bought.

Not looking very bullish as we go into power hour,

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374