Cobra's Market View

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Double top or not, wait and see.

No green shoots, They got scared. but if you can't buy the dips and sell the rips, what good of a trader are you?

Price action is risk on, until that green level is taken out. only price pays or keep listen to popular opinions which leave you behind from the first place. your chart is your only friend.

Intraday: inside day, anything goes. a trade above 61.8% I am leaning bullish bias. until then.....Peace!

ES daily.

Sideways action.

At the top of a trading range since May 12.

Many attempts to break out, all failed.

ES 60 minutes.

Choppy sideways action.

Riding the EMA 20.

Above the Pivot.

ES 5 minutes.

Creeping up, level to level.

I see double bottom but not sure whether it could go far as so far it's a boring range day.

Biggest bull bar after lots of consecutive ups means exhaustion, so should be a pullback here first after which we'll see - if it's a range day, the pullback could go all the way to near the day low.

THANK YOU, Cobra and the board.

@BB52x all great advice today. Thank you !

Possible double top breakdown as recently the close tends to be weak.

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