11/30/2023 Live Update

[Cobra]

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Lower high or not, wait and see.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2023/11 ... ay-update/

[JFR]

ES daily.

The trading range extends further.

Although it looks like it wants to breakout up, the longer it cannot do so, the more likely it gives up and pulls back.

Well above the EMA 20.

[Cobra]

Nothing to say, so far very boring, no direction.

[JFR]

ES 60 minutes.

Not looking bullish.

Choppy. Mostly sideways action.

[JFR]

ES 5 minutes.

Extreme chop since the open.

Up. Down. Up. Down.

[BullBear52x]

When the last time we talked about Phantom spike, today on SPY daily got my attention. Hmmmm

[Trades w 2 Cats]

Just for giggles and grins, this is my bull count assuming an ABC down for wave 2.Showing 2 at wave C equals wave A

Most wave counters I follow would tell you the primary is the opposite of this. However, they really need some solid impulsive down waves to prove their case. All will be revealed when we see more bars!

[Cobra]

Members only update at 12:35 pm
http://www.cobrasmarketview.com/2023/11 ... ay-update/

[JFR]

NUE. Nucor Corporation. Steel Products.

Founded in 1905. HQ in Charlotte, North Carolina.

I like the P/E and the StockCharts SCTR rating. I also like the chart and the price action. Excellent move up since October 23.

Not recommending however, just sharing information.

Nucor Corporation engages in manufacture and sale of steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. The company was founded in 1905 and is headquartered in Charlotte, North Carolina. -- Yahoo Finance

[BullBear52x]

Swing setup: last buy failed, stopped out, rips will be sold, first slide of a weakness under 5DMA today.

[BullBear52x]

Intraday: bearish bias, new swing low, same playbook find excuse to sell.

[BullBear52x]

Internals: no fear until A/D issues are under 0. let see how we closed today.

[BullBear52x]

Correction expectation, the pull back to fill the gap or support at 61.8% is still bullish, the correction under 61.8% from here will be very bearish. there you go on the crystal ball side of thing. I got a call from the nature, see you next week. Peace!

[Cobra]

This is by far the strongest rebound (3 bull bars in a row) so probably the low was in.

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2023/11 ... ay-update/

[Trades w 2 Cats]

We played in the lower part of the range all day but they held it at that 4550 area.
Tomorrow is ISM at 10 Eastern, then Jay Powell speaks at 11 and again at 2

Stay tuned for action!

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/11 ... 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