Cobra's Market View

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Looks like the CPI data is better than expected, for now the bar looks good.

ES daily.

That is a breakout. Will it hold? We will see.

ES 60 minutes.

It shoots up from the EMA 20, through R1, before falling back a bit.

Bias is up, so far today.

ES 5 minutes.

There are some itchy trigger fingers out there. Action oriented.

Bulls first, but the bears are active also.

Up. Down. Up. Down.

Same playbook, a new swing high, it is bullish bias, above 61.8%

It's a morning hourly filled black bar

The pullback probably will be bought.

Buy or die for bulls. keep it simple

Failed to test the overnight spike high. Not looking good for bulls now.

Well, maybe the same as yesterday: One leg down then reversed all the way up.

Nice break and retest from above of the down trend line. Obvious target was the opening print. Guessing we hover waiting for the Thursday inflation data.

Bulls need to shift the narrative to Fed rate cuts because earnings are not supposed to be increasing.

Bull on, AD is still fine and dandie. Peace!

Sitting on the edge of the cliff. Bulls really need to hold the line or things will spiral on down.

Sorry, my guess is wrong. This is all news related. US is evacuating embassys in several middle eastern countries and flying staff family members out.

early bird special, now bears can have a say....

a lot of TA guru were expecting a reversal, today my signals kind of say yes, lighten up on the buy side.

So there was another leg down as usual, for once thought this market no longer followed rules. Now, should be another leg down as well, let's see.

Revisiting the previous low, now let's see whether bulls can make a double bottom.