Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

Lower high?

This could be a good spot for the days high.

Maybe a pullback here first which likely would be bought.

Not so sure I have the right level (sub minuette) but the Fib levels are saying stick me with a fork this impulse wave has run it's course. Or not !

Thank you, Cobra. Your weekend updates were right again. Very impressive.

Not sure how far they will go today.Fibs are still saying ready for a reversal at any time. Personally confident that options positiong and CTA funds are what is moving this market up at such an artificial pace.

ES daily.

In a trading range.

At the top of that range.

Eyes on the top.

ES 60 minutes.

Up through S1, and the Pivot, and R1.

And there it pauses to catch its breath.

No matter what happens in the economy, or Tariff World, the bulls are ready to buy.

But it seems like Fantasy Land to this trader. And bulls will be bulls. They have to put their money somewhere.

ES 5 minutes.

"Off we go, into the wild, blue yonder."

"To the Moon, Alice." And there we will create a colony, as we are destroying the Planet. Ha ha.

I am actually an optimist. But there are warning signs all over. No wonder the Millennials, et cetera, have fears. Environment. No pensions. No jobs.

Got a lower low, so count down is on for today's top. Did not see much activity at the 90 level. Lots of activity at 80.

ES 5 minutes.

Hitting the pause button.

Threatening to break down.

This is too much for an uptrend day, someone said something again?

ES 5 minutes.

Thar she goes.

Back later ...

Generally the pullback should be 2 legged at least so probably the low wasn't in yet.

Here comes the 2nd leg down, no time left though.

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