08/02/2023 Live Update

[Cobra]

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Double bottom (red arrows) or not, wait and see.

[Cobra]

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

[Cobra]

I see an early sign of a downtrend day. Typically there'll be a sharp rebound in the next 3 to 5 bars which if it's not happening then it's a confirmed downtrend day.

[JFR]

ES daily.

Pullback to the EMA 20. On a gap down. Strong move.

Also a marubozu candlestick.

[JFR]

ES 60 minutes.

Down. Down. And down.

Through the Pivot. Through S1. Through S2. All the way to S3, where it looks for some support.

[JFR]

BCC. Boise Cascade Company. Building Materials. Founded in 2004. HQ in Boise, Idaho.

Helluva good chart, almost going parabolic. I like it. But not recommending, just sharing information.

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber products. This segment's products are used in new residential construction, residential repair-and-remodeling markets, light commercial construction, and industrial applications. It sells its products to dealers, home improvement centers, wholesalers, specialty distributors, and industrial converters. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors, metal products, insulation, and roofing; and engineered wood products. This segment sells its products to dealers, home improvement centers, and specialty distributors. The company was incorporated in 2004 and is headquartered in Boise, Idaho. -- Yahoo Finance

[Cobra]

Rebound at the typical time. EMA20 above usually is the target and the bear's last stand for a 2nd leg down today.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[BullBear52x]

Swing setup: sell the rips to continue until it fails......

[BullBear52x]

Intraday: it is bearish with swing low today. a closed below the red line will put more pressure on a selling to come. it should be easy to do today.

[BullBear52x]

Daily trend following setup: dips will be bought. we are not there yet. this is good and healthy that we are finally get relief rally pull back today. for this setup, the lower pull back the better buy entry setup opportunities. What is time frame of your trade? Peace!

[Cobra]

Maybe this is the typical revisit of the day low which if cannot make a decisive new low then likely the low was in for today.

[jademann]

4325 first, then we will see.

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

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