11/01/2023 Live Update

[Cobra]

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Pullback here (as a small red appears now) then it's 3 push up so a pullback might be due soon. Skyrocket here then the pattern would be invalid. Either way, the 2 pm roller coaster show would change everything...

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2023/11 ... ay-update/

[Cobra]

If this is not an exhaustion bar then this market is so bullish, priced a lot in the 2pm Fed would stop hiking rate even announce QE.

[Cobra]

The pullback probably will be bought then perhaps will go nowhere waiting for the roller coaster show.

[Cobra]

Members only update at 12:05 pm
https://www.cobrasmarketview.com/2023/1 ... ay-update/

[JFR]

ES daily.

Third up day, from the low of Friday.

[JFR]

ES 60 minutes.

Moving up to, and through, levels of resistance.

[JFR]

ES 5 minutes.

Good move up, an hour before the open.

Then the pullback to the EMA 20, where it is barely hanging on.

[JFR]

IBM, a Dow 30 stock, making a move up.

VLE.TO. As posted yesterday on here, still on a move up.

Not recommending, just sharing information.

[Trades w 2 Cats]

Everyone Out of the Pool!
Jay Powell is on deck!

[Trades w 2 Cats]

https://www.federalreserve.gov/live-broadcast.htm
for the press conference at 1/2 past the hour

[Cobra]

Show time. The market really wants to go up.

[Trades w 2 Cats]

No change in rate as we expected. My guess is he sounds tough at Presser.

[Cobra]

Everyone Out of the Pool!
Jay Powell is on deck!

[Trades w 2 Cats]

Press conference so far. Not what the bulls wanted. Buy the rumor sell the news?

[BullBear52x]

Swing setup: Fed or no Fed: dips will be bought.

[JFR]

ES 5 minutes.

Whoosh. Up through the Pivot, until it finds some resistance.

It doesn't take much to get the bulls going.

[BullBear52x]

Intraday: once the momentum is positive you know how bulls will run it. now the price is well clear above 5DMA, find excuse to buy intraday.

[Cobra]

The FOMC day generally closes weak, let's see whether this time is the same as well. Overall, the market really wants to go up.

[BullBear52x]

What's not so bullish is $TRIN, big hedging on this run up, I am not sure how will this sustain beside a classic short squeeze or gamma squeeze. Up 3 days on both $TRIN and index? this what makes you go Hmmm. only price pays, so time frame of a trade is key. Peace!