08/31/2023 Live Update

[Cobra]

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Maybe a pullback is due which likely would be bought eventually though.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Members only update at 12:06 pm
https://www.cobrasmarketview.com/2023/0 ... ay-update/

[Cobra]

Testing the day low then trying to rebound, don't know whether the low was in or not. Don't expect big moves today though as the market should be waiting for the Non Farm Payroll data tomorrow.

[Cobra]

Measured move down. Let's see whether it can exceed the tinted area to secure another leg down.

[JFR]

ES daily.

Higher high. Higher low. In a "fat, little doji."

Above the EMA 20.

[JFR]

ES 60 minutes.

Up from S3, through S2, through S1, through the Pivot, all the way to R1.

Now in a base, touching down on the Pivot.

[Cobra]

More than 100% measured move which means the down momentum hasn't been weakened therefore likely there's another leg down, so the current rebound should fail somewhere.

(I forgot to post this is why the time of the post not matching the chart).

[BullBear52x]

Swing buy triggered, now that we have a new box map. make or break.

[BullBear52x]

Intraday: second day of a negative price action if we closed under the red line. same playbook on the Fibo.

[BullBear52x]

Daily trend following setup: a reminder, we are entering sell the rip setup zone, (RSI<70=Trigger) first thing first. let see how the swing setup to fail first then this setup should trigger if you are bearish. Peace!

[Cobra]

This is the "another leg down" I talked about which suppose to make a new day low, suppose, let's see.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397

[Cobra]

So the "another leg down" did make a new low which means the market is cautious about tomorrow's job data which is actually not bad for bulls.