Cobra's Market View

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This bull shall have legs.

ES daily.

Up to the EMA 20.

Gap up.

Reaction to Trump saying he has no intention of firing Powell. And the market gets bullish.

When he said Powell's "termination can't happen fast enough," the market dropped.

Waiting on Trump's utterances? Of course. Chaos.

ES 60 minutes.

Up from 5127 on Sunday.

Bullish day yesterday.

Gap up today, and then a move up.

Is that it? Bullish day? Maybe. LOL

Fill the gap? Dunno yet.

ES 5 minutes.

Got some playable, clean moves there.

Could be an interesting day.

ES 5 minutes.

At resistance.

A breakout attempt.

Back later ...

Aiyahhh Some whipsaw action.

"To the Moon, Alice." Ha ha

Day trade taking a back seat today. another hour before the dust settled. day #10 in range.

Captain obvious level. a trade abive and hold will wipe out the short term bearishness.

Algos reacting to news makes trading difficult. And you wonder why the pros have been moving out of the market while retail rushes in. Thank you Bob Farrell for your 10 rules that explain what this is.

Experts are saying we are working on a Zweig breath thrust, will know after the close. Correct way to trade it is to look for the next significant higher low and ignore all the calls about bear market rally. Anyway, if it triggers I am positive lots of charts showing past performance will be all over the internet.

JFR wrote: ↑Wed Apr 23, 2025 9:37 am ES 5 minutes.

At resistance.

A breakout attempt.

Back later ...


Screenshot 2025-04-23 063550.png

Aiyahhh Some whipsaw action.

"To the Moon, Alice." Ha ha


Screenshot 2025-04-23 063803.png

Always love checking out your work JFR. Thank you!

Back to VPOC. Need a reason to try for 5,500 again.

ES 5 minutes.

Trying to break down beneath the opening at 630am.

And there it goes. Aiyahh.

You are welcome, grandeG.

This bear shall have legs.

Henry the 5th to the bears "Once more into the breach dear friends until we fill the gap with our puts!

It's common to come back to the gaps especially the futures. from my corner it's in range inside day still. anything goes.

Looks like all the hope for a 90% up volume day is over. Waiting to see if we test that support level from the middle of the night.

Generally the rebound should be sold, but again, nowadays, generally might not work.