Cobra's Market View

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Possible 3 push up but normally there'd be another up to make at least a lower high before the pullback. Let's see.

Some chances of a lower high here, not sure. So far looks like a range day, so if indeed a lower high here then we know where the range high is.

ES daily.

Trading range.

At the top of the range once again.

It looks very much as if it wants to breakout upwards.

Eyes on the top.

Anybody use PayPal for purchases and transactions?

I got hacked and had a number of bogus transactions charged.

They are cooperating, refunding, and my bank is involved.

But it is scary. Identity and all that.

I bought some chess books through a Russian website, over the years. Uh oh. It is their site I suspect.

(Public Service Announcement)

ES 60 minutes.

Two nice moves up, Monday and Tuesday.

Now in a trading range.

ES 5 minutes.

Sideways action. Active and dangerous.

JFR wrote: ↑Wed Jun 04, 2025 10:50 am Anybody use PayPal for purchases and transactions?

I got hacked and had a number of bogus transactions charged.

They are cooperating, refunding, and my bank is involved.

But it is scary. Identity and all that.

I bought some chess books through a Russian website, over the years. Uh oh. It is their site I suspect.

(Public Service Announcement)

Sorry to hear this JFR. I’ve noticed a up tick on my computers being hacked over the last year or so. It seems it’s becoming more prevalent. Unfortunately they seem to be really good and have very advanced technology.

There’s nothing safe anymore.

Petty easy to pick out support and resistance. Only question is will we stay stuck until non-farm payrolls on Friday.

Pretty clear we are forming a double distribution. If we don't move on up it could be a pretty good drop back down to support.

''Sorry to hear this JFR. I’ve noticed a up tick on my computers being hacked over the last year or so. It seems it’s becoming more prevalent. Unfortunately they seem to be really good and have very advanced technology.

There’s nothing safe anymore.'' -- grandeG

Thanks grandeG. It should be OK.

Lots of bad stuff out there.

Maybe we had the range low, now targeting the range high.

Test range high as expected, now let's see whether it pull back to the range low since it's a range day so far.

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

JFR wrote: ↑Wed Jun 04, 2025 10:50 am Anybody use PayPal for purchases and transactions?

I got hacked and had a number of bogus transactions charged.

They are cooperating, refunding, and my bank is involved.

But it is scary. Identity and all that.

I bought some chess books through a Russian website, over the years. Uh oh. It is their site I suspect.

(Public Service Announcement)

I don't use paypal, but my credit card used to have a service that would generate a throwaway number and name with a spending limit and time limit on it, so that could be used for online purchases without allowing further purchases, and if something went wrong you'd know which site leaked the info. They removed it a few years ago when they updated their system and didn't want to pay to reimplement the feature, but there's got to be other ways to do something similar now. They should really make that kind of identity protection an industry standard. These problems have been happening all the time, and often involve the merchant's website getting hacked.