12/12/2023 Live Update

[Cobra]

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Let me guess, the CPI was down but not as much as the market hoped, so after the initial up now down. Don't worry, there must be something we retailers don't know yet that keeps the market up and up like no tomorrow so after the initial shock, it'll go back up.

The chart pattern is a rising wedge (wedge top) so there're some chances that the pullback now is for real, we'll have to wait and see.

[JFR]

ES daily.

Yesterday's doji at the open turned into a small up move.

Today is another doji thus far. But this time it is more of an inverse hammer, perhaps somewhat bearish.

[JFR]

ES 60 minutes.

In a range between the Pivot below and R1 above.

A dangerous spike candle just closed.

[JFR]

ES 5 minutes.

A wild ride for two hours.

Danger zone.

"Let's be careful out there," as the roll call sergeant on "Hill Street Blues" would always say.

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend day.

[Trades w 2 Cats]

Convergent Trading Stalk Zones show the power of reading the volume profile. Looks like we are just about at the round trip on the inflation news for today. No idea where we go from here.

[Trades w 2 Cats]

Stalling out, going for the range, Need Fed speak tomorrow for rocket fuel up or down.

[Cobra]

The pullback probably will be bought but it also means likely it's just a range day.

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[BullBear52x]

Swing setup: Buy, no change, dip will be bought.

[BullBear52x]

Intraday; same playbook, bulls are marching on.

[BullBear52x]

Internals, seller are roaming,caution, today is not as bullish as it seems internally. day is still young, lets see how we closed today. Peace!

[JFR]

ANF APAM JXN VIRT

4 stocks doing well today and for a few weeks.

I've posted these on here previously.

[Cobra]

Possible wedge top so maybe a pullback finally is due.

[BullBear52x]

It's due Cobra? today is also a new moon, new moon is at 6:32 pm eastern. after the market maybe? the power that be knows what's up, the data came out this morning is not as good but good enough not to raise rate.

Inflation expectation? the Money is on the deflation side.

[BullBear52x]

Counter trend setup, day trading, with this market, I would wait for a clear signs of weakness, this is what I will look for, but counter trend is not for the faint of heart. DO NOT DO THIS AT HOME. Peace out!!!

[BullBear52x]

Counter trend is not for the faint of heart. know what you are doing, or let it runs.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[Cobra]

Wedge top was broken on the upside (Still don't understand why this market is up like no tomorrow) but the 3pm bar looks like an exhaustion bar so still could be a pullback here which likely would be bought later though.